INTRADAY ALERT – FRI 08/17 – MODEL POSITIONS

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Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – FRI 08/17: 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…)

S&P 500 OUTLOOK for FRI 08/17

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Race to New Highs or YoYo Day-3? The overnight S&P 500 Index e-mini futures market is not doing much, other than showing some “profit taking” (?) on yesterday’s strong move. No major news headlines seem to be swirling the markets (at least, not yet, as of 8:30am EDT). No major economic releases scheduled other than (more…)