TODAY IN THE MARKET – TUE 01/22

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Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/23” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Taking a breather from its strong 4-day rally, the S&P 500 index opened the holiday-shortened week on a pessimistic note after China reported that its economy grew by 6.6%, the slowest (more…)

S&P 500 OUTLOOK for TUE 01/22

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Markets Approaching an Inflection Point? S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18! The index is now resting near the big resistance level of 2675, and if it closes above 2675 on a daily basis then we are looking at 2710-2715 area as the (more…)