Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/09” will be posted by 7:30am/8:00am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index took a pause after reaching a striking distance from its all-time highs, pulling back at the open as China retaliated with threats of new round of tariffs (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – WED 08/08: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “The models are currently long – bought at 2862.25 – with the 10-point trailing stop’s trigger set at 2853.43. For Wednesday’s regular session, (more…)
Day 4: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Reveal! As per our Intraday Update yesterday, Tuesday 08/07, our medium-term models are sitting on a long position entered at 2862.25, with a 10-point trailing stop with the stop trigger anchored at 2853.43; our intraday aggressive models (more…)
