TODAY IN THE MARKET – MON 10/08

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/09” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weighed down by Technology weakness, the S&P 500 index extended its slide for the third straight day amid fears of rising Treasury yields. With Treasury markets being closed for trading in (more…)

S&P 500 OUTLOOK for MON 10/08

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Range Breakout to be Confirmed Today! Our models have declared “neutral bias” last week and continue to sport it until the indicated range is broken out of. Yields seem to be developing into the major catalyst needed to push the markets out of this range, on the downside. Despite the headlines on multiple fronts throughout (more…)