TODAY IN THE MARKET – WED 10/17

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/18” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Lacking optimism at the open following weaker-than-expected Housing starts data, the index reversed early session losses on registering the day’s low at 2781.81 on the back of strong corporate results across (more…)

S&P 500 OUTLOOK for WED 10/17

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Do NOT Turn Complacent with The Recent Big Wins! Our S&P 500 Forecast trading plans published before the markets opened on Monday, 10/15 stated: “models are sporting caution to the bears regarding a potential corrective spike up in a whipsaw manner” (click here to read the full report and/or to verify this claim). This has come (more…)