TODAY IN THE MARKET – THU 01/03

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/04” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Reaffirming fears of a global recession, Apple Inc. slashed its revenue outlook citing slowing Chinese demand and sparking a dramatic sell-off within the Technology sector. Panicked investors continued pilling up on (more…)

S&P 500 OUTLOOK for THU 01/03

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Apple, Soured In China! Our medium-term models rang the 2019 trading year by booking 13.75 S&P 500 index points in profits, and our aggressive intraday models booked 14.75 points in profits, simply by following mechanical trading using the pre-defined entry and exit points as published in our trading plan before the markets opened. We wrote (more…)