Avoid Getting Whipsawed by Range-bound, Choppy Trading! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision came and went causing a lot of volatility but no real sustainable move in either direction! The S&P 500 Index essentially closed right in the middle of the trading range that our medium term models forecast, published Tuesday (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/02” will be posted by 7:30am/8:00am EDT, Thursday. THE GIST (“THE WHAT”) Powered by Apple Inc.’s strong earnings, the S&P 500 index was lifted higher at the open. Registering the day’s high at 2825.83 (flirting with the upper bound of a choppy trading (more…)
On Wednesday, It’s All About the Interest Rates, Trader! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision is due on Wednesday at 2pm EDT. This release is expected to drive the major market moves for the day and the rest of this week. Caution is advised when opening positions in either direction, (more…)
