A Bulltrap – or a Recovery – in the Making? Next Two Days’ Market Action and Friday’s Close to Confirm! With today’s action likely driven by the end-of-month window dressing by money managers, and tomorrow’s action likely driven by the first-of-month flow of funds, the market could be artificially propped up these two days. The (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/31” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong earnings and a relief on trade war front helped the S&P 500 to recoup some of the previous session’s steep losses. Easing trade tensions, President Trump hinted his willingness to (more…)
Wild Whipsaw Moves to Continue…Dont’ Engage in Kneejerk Trading! Last week’s wild moves in the market point to the onset of potential regime change in the markets from the long bullish regime to a bearish one! Our models advise caution against getting into the markets on false spikes up. One needs to confirm the moves against (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/30” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Another wild session, following an extreme volatile last week took the S&P 500 index closer to a correction territory for the second time in 2018. Rebounding solidly at the open on (more…)
Wild Gyrations Ahead! Last week’s wild moves in the market point to the onset of potential regime change in the markets from the long bullish regime to a bearish one! Our models advise caution against getting into the markets on false spikes up. One needs to confirm the moves against key levels to enter into more (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/29” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Panic selling resumed after a brief rebound in Thursday’s session, dragging the S&P 500 index near correction territory and leading nearly half of its components in a bear market. Disappointing revenue (more…)
Deep Correction – Bears Currently Celebrating… Despite the big spike up in the markets yesterday, Thursday 10/25, the overnight futures are down almost equally – negating all the move up from the last session! Such is the volatility and the whipsaw trading when markets go through regime change. All the indications point to the onset (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/26” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a 6-day riot, the S&P 500 index rebounded solidly to erase some of previous session’s deep losses following impressive quarterly results by Microsoft, Twitter, Ford and American (more…)
Deep Correction – to Continue or Reverse? The S&P 500 Index breached the key support level of the 200-DMA (currently around 2768) and has broken below on Monday and closed below it for a second day on Tuesday, 10/23. With the sharp drop to below 2700 and then a fast recovery on Tuesday, followed by Wednesday’s (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/25” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) In a dramatic sell-off, the S&P 500 index plunged 3.09% as panicked investors fled to safe-haven assets amid growing concerns of slowing global economic growth and rising production costs that have (more…)
