TODAY IN THE MARKET – THURSDAY 08/09

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Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/10” will be posted by 7:30am/8:00am EDT, Friday. THE GIST (“THE WHAT”) With the second quarterly earnings season nearing an end, the S&P 500 index struggled to re-test the very strong resistance now found at its all-time high. Trading in a very tight (more…)

S&P 500 OUTLOOK for THU 08/09

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Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal!  The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)