TODAY IN THE MARKET – THU 10/18

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/19” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Disappointing earnings by Industrial heavyweights, coupled with the indications of a slowing Chinese economy dampened sentiments at the open. Stocks were sent tumbling in the afternoon session on concerns that a (more…)

S&P 500 OUTLOOK for THU 10/18

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Yesterday’s price action in S&P 500 tested both the upper and lower trading levels indicated by our models’ forecast – published before the markets’ open. The index registered the day’s low under 2 points away from our medium-term model’s lower bound and the day’s high was registered under 1 point above the level indicated by (more…)