Continued Whipsaw Action Forecast – Day 3! The busiest earnings week of the season has started off yesterday, Monday 10/22, with no positive momentum. The growing geopolitical tension around the Saudi journalist Khashoggi’s killing and the trickling impact on the key Saudi investor conference seems to be denting the investor sentiment. The S&P 500 (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/24” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Yet another day of disappointing earnings and plunging oil prices drove the S&P 500 index convincingly below its critically important support level of 200 DMA (now at 2768.27) and near July (more…)
Continued Whipsaw Action Forecast In the Markets! The busiest earnings week of the season has started off yesterday, Monday 10/22, with no positive momentum. The growing geopolitical tension around the Saudi journalist Khashoggi’s killing and the trickling impact on the key Saudi investor conference seems to be denting the investor sentiment. The S&P 500 (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/23” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Mirroring a sharp recovery in China’s stock market, the S&P 500 index opened the busiest week of the third-quarter earnings season on a positive note. In an attempt to reassure investors, (more…)
How Much did the S&P 500 Index Move Last Week? +0.65 points!! Despite the headline grabbing market moves throughout last week, the S&P 500 Index moved just +0.65 points all of last week – from the close at 2767.13 on Friday, 10/12 to the close at 2767.78 on Friday, 10/19! This is in spite of (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/22” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Gaining a bullish momentum at the open on the back of strong quarterly earnings, the S&P 500 index soon lost steam on registering the day’s high at 2797.77 as confidence was (more…)
So Much Noise and No Real Movement In the Markets?! Stay Patient and Stay Safe In this Whipsaw Trading Environment! Despite the headline grabbing market moves all this week, the S&P 500 Index closed yesterday – Thursday, 10/18 – just where it closed last Friday! To be exact, the index closed last Friday at 2767.13, (more…)
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…)
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…)
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…)
