Stay Patient and Be Safe – Don’t Play with Choppy Markets Our models have declared “neutral bias” last week and continue to sport it until the indicated range is broken out of. Yields, so far, have failed to prove to be the major catalyst needed to push the markets out of this range decisively. Despite (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/10” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index logged a four-day losing streak amid fears of rising interest rates. The 10-year Treasury yield pulled back slightly on registering an intraday high of 3.26%, but still (more…)
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…)
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…)
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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/08” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) In its worst day since July 2018, the S&P 500 index extended its slide with Technology sector in the lead to erase a month’s gain as investors continued to shun equities. (more…)
It’s All About the Jobs Number Today! Or, Is It? Our S&P 500 Index forecast for yesterday – published before the markets opened – stated: “Aggressive, intraday models indicate the risk to the bulls, with a bearish spike down for the day”. The mainstream financial news media headlines for yesterday – after the markets closed (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/05” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) In a typical risk-off move, investors shunned equities and piled up on Treasury bonds, sparking a rally in yields. The 10-year Treasury yield spiked to a 2011 high, resulting in a (more…)
Yields, USD, Initial Jobless Claims, Durable Goods…Back To Basics? Despite the news headlines seemingly rattling the markets – up and/or down – the S&P 500 Index hasn’t moved even a couple of points from where it opened the month of October! Our models have declared “neutral bias” this week and continue to sport it until (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/04” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Upbeat economic data, coupled with the easing of fears of a clash between Italy and European Union lifted the S&P 500 index near a striking distance away from the September 21 (more…)
