Today’s ISM Data to Help The Restless Bull Break Out? Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on Monday, 10/01! (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/03” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Lacking any major catalyst and weighed down by lingering U.S. – China trade policy uncertainties, the S&P 500 index extended its choppy and range-bound trading, closing the session flat at 2923.43, (more…)
Bulls Waiting for a Catalyst to Break Out of the Range-bound Trading! Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/02” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) In an unexpected move, the U.S. and Canada announced a new revised deal late Sunday to replace NAFTA, renamed as United States-Mexico-Canada Agreement (USMCA). Opening the month and the quarter higher (more…)
New-NAFTA, Tesla Settlement, GE New CEO…Caution to Bulls Until the Range Is Broken Out of! Despite the news headlines including new-NAFTA, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and likely into the morning session, our models indicate caution to bulls until the recent range is broken (more…)
