TODAY IN THE MARKET – MON 11/05

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/06” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) The S&P 500 index opened the week on a positive note as Energy, Financials and defensive sectors outweighed weakness within the Technology stocks to close modestly higher at 2738.31, up 15.25 (more…)

S&P 500 OUTLOOK for MON 11/05

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Key Levels Under Test This Week  As we predicted in our forecast for Friday, the sustainability of last week’s moves up needed to be confirme with the market action on Friday 11/02 – which it did NOT! Till we see a credible confirmation of a recovery, our models indicate the continuation of the bearish bias (more…)