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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/17” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong corporate earnings were back in focus, helping the S&P 500 index to regain some of its lost ground in its best day since March 26, 2018. U.S. industrial production rose (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/16” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Opening the session on a weaker note, following the worst week since March on fears of rising interest rates, the S&P 500 index oscillated between gains and losses as Technology weakness (more…)
Key Technical Levels and Earnings In Focus This Week! Our S&P 500 Forecast trading plans published before the markets opened on Friday 10/12 indicated going short on a break below 2740 and going long on a break above 2887(aggressive-intraday models) or 2796 (medium-term models) (click here to read the full report and/or to verify this claim). The (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/15” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) The S&P 500 index staged a rebound from a six-day riot that caused a major technical damage to its charts and dragged two-third of its components into a correction territory. In (more…)
Key Battle Lines In Play Today! Our S&P 500 Forecast medium-term models’ trading plan for yesterday – published before the markets opened yesterday – indicated going short on a break below 2880, which was triggered and the models went short; the aggressive, intraday models indicated carrying the short position opened on Wed 10/10 at 2876 (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/12” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Plunging for the sixth straight session in a row as investors continue to abandon equities in favor of save haven assets amid fears of rising interest rates, the S&P 500 index (more…)
“Stay Patient and Be Safe – Don’t Play with Choppy Markets” – Our Headline Published Yesterday BEFORE the Market Open Still Applies to Today! Our S&P 500 Forecast’s aggressive intraday models published the following trading plan yesterday – before markets opened: “If the index crosses above 2886 during the regular session, the models indicate going (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/11” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) In its worst day since February 8, 2018, a dramatic sell-off in equities alongside rising Treasury yields dragged the S&P 500 index down to breach key technical support level of 100 (more…)
