Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/15” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) A wild price action led the S&P 500 index to register five straight days of declines as Apple Inc., the largest stock by market cap remains under pressure amid stock downgrades (more…)
The Whipsaw Moves to Continue While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” bias for yesterday. True to our models’ cautions, the much (more…)
