Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/17” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Driven higher by strong quarterly earnings reported by Bank of America and Goldman Sachs, the S&P 500 index extended gains for the second straight session. Disappointing earnings reported by several companies (more…)
Results of Published Model Entries and Exits for Wednesday 01/16 Per the plans published in the morning, our medium-term models’ plans lead to 7.80 index points in gains on one long trade today. Our aggressive intraday models’ plans saw a loss of 2.20 index points on one long. Below, you will find the detailed tracking (more…)
Earnings Earnings Everywhere With earnings season picking up, the markets are likely to focus on the basics – the economic fundamentals of the companies underlying the stocks, barring any major surprises on the geopolitical front. While the move up is encouraging to the bulls, below average volume is a concern still. Since Wed, 01/09, our (more…)
Results of Published Model Entries and Exits for Tuesday 01/15 Our medium-term models booked 4.92 index points in losses on one long trade. A second long trade (opened at 2606) is carried to tomorrow with the 12-point trailing stop sitting at 2599.74. Our aggressive intraday models realized a net profit of 1.47 index points on (more…)
