Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/02” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Opening the month on a positive note, the S&P 500 index extended its rebound for the third straight session. An early morning tweet from President Trump hinted at a progress in (more…)
A Bulltrap or a Recovery in the Making? Today’s Market Action and Friday’s Close to Confirm! As we predicted in our forecast for Wednesday, the markets witnessed a spike up (“artificial prop” of the month-end window dressing?) on the last day of October. Today’s action likely would be driven by the first-of-month flow of funds, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/01” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Closing the worst month since September 2011, now famously called as a ‘Red October’, on a positive note, the S&P 500 index extended its rebound for the second day in a (more…)
