Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/15” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong earnings came to the rescue once again, boosting optimism at the open and lifting the index higher as the Turkish crisis eased and the Lira gained some of its lost (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – TUE 08/14: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point (more…)
With No Catalysts in Sight, Market Likely Stuck and Not Going Anywhere Fast? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short (more…)
