Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Wed, 07/18” will be posted Tue, 07/17 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened significantly lower weighed down by disappointing subscriber growth reported by Netflix Inc. post Monday’s session close. The index rebounded as investors (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), our models are monitoring the market action around the 2810 level (medium-term models), and the 2785-2795 band (intraday, aggressive, short-term models). Currently, both term models are in long positions (bought). (more…)
Can the Bears Mount an Attack on The Rather Tired Bull? On Friday 07/06/18, the S&P 500 Index broke out of the 2735-45 range that we referred to in the forecasts all that week long, and triggered long (bought) positions by both our Medium-term and Intraday/Aggressive models, as alerted to in our Intraday Alert published (more…)
