TODAY IN THE MARKET – WED 08/15

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Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/16” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Plunging oil prices, coupled with a sharp decline in metal prices dragged the S&P 500 index sharply lower at the open. Disappointing earnings from Macy’s Inc. and Chinese tech-giant Tencent Holdings (more…)

S&P 500 OUTLOOK for WED 08/15

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The Smart Money Playing YoYo With the Markets? 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 the index unless key support (more…)