Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/17” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Rebounding from Wednesday’s sharp sell-off, the S&P 500 index bounced back following overnight news of U.S. and China’s plans to resume their stalled trade talks next week. The Emerging Markets currency (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – THU 08/16: Medium-term/long-term Investors Forecast/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 trailing stop. No bearish bias until all (more…)
Is the Retail Money Chasing the YoYo Up-and-Down and Getting Whipsawed? In the overnight S&P 500 Index futures market, the geopolitical events involving Turkey’s Lira seems to have faded into the background, the US-China trade war seems to see some “truce” potential (can you count how many times you have read this in the news (more…)
