Bull Consolidation ahead, as the NAFTA Drama Climaxes and New Trade Tensions get Stoked? Our intraday models have closed our second profitable trade (out of the two trades taken) this week, on top of a double digit point profit trade this week, which was preceded by a double digit point profit trade closed last week! (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/31” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a historical rally that lifted it to record highs, the S&P 500 index pulled back after trade war concerns were revived following news that President Trump intends (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/30” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Riding on trade optimism and strong economic data, the S&P 500 closed at record highs for the fourth day in a row. In an attempt to resolve the long ongoing trade (more…)
It’s the Bulls’ Territory with No Bear in Sight (Note: Due to some technical issues with our algo servers, this forecast for Wednesday’s market session is being published late – around 10:10am, about 40 minutes AFTER the market open. We will continue to publish the forecasts BEFORE the market opens as has been the norm (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/29” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Charting new highs for the third straight session, the S&P 500 index crossed the 2900 mark for the first time, buoyed by Jerome Powell’s positive economic outlook last week coupled with (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/28” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) The S&P 500 index registered record all-time highs for the second straight day as trade sensitive sectors rallied on optimism over the U.S. – Mexico trade deal. Opening significantly higher, the (more…)
This Bull Keeps Running Further and Farther! Investors Seem to Have No Choice but to Run With It Until It Drops! Our S&P 500 Index intraday models’ forecast and trading plan for Monday, 08/27, stated: “For today, Monday, the models would go long above 2878 and go short below 2750 – both with a tight, (more…)
This Bull Keeps Running Further and Further – No Stop in Sight? Our S&P 500 Index forecast for Friday, 08/24, stated: “A daily close above 2870 is needed – and, needed fast – for the current bull run to maintain momentum.” (click here for the full text of the forecast) The index did close comfortably above (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/27” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) The S&P 500 Index registered a record high once again, buoyed by strong earnings by Tech stocks and a relief rally in metal prices that edged up Materials stocks. Breaking through (more…)
