TODAY IN THE MARKET – THU 01/24

Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/25” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Whipsaw price action continued for the second session in a row as investors weighed trade concerns against a mixed bag of corporate earnings. While semiconductors and airline stocks rallied on the (more…)

RESULTS of MODEL TRADES for THU 01/24

Results of Published Model Entries and Exits for Thursday 01/24 Per the plans published in the morning today, our medium-term models did not trigger any trades today whereas our aggressive intraday models’ trades lost 8.01 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for the (more…)

S&P 500 OUTLOOK for THU 01/24

Earnings, Economic Releases, Geopolitics…A Packed Day for Headline Risk today Major earnings releases (Intel, Starbucks, American Airlines, Southwest, Union Pacific, Discover Financial etc), key economic releases (initial jobless claims, PMI, regional fed survey), and geopolitical events (European Central Bank, Venezuela, China)…today’s market calendar is packed with headlines-driven event risk. The index is facing the big (more…)