Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/31” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Buoyed by strong earnings from Boeing Co and Apple Inc., the S&P 500 jumped higher at the open. Maintaining gains ahead of the keenly awaited news conference of Fed Chairman Jerome (more…)
Results of Published Model Entries and Exits for Wednesday 01/30 Per the plans published in the morning today, our medium-term models yielded 24.44 index points in gains on one long trade, and our aggressive models resulted in 0.67 index points in gains on two long trades.Below, you will find the detailed tracking of our models’ (more…)
Apple and FOMC – Main Drivers of Today’s Market Sentiment Apple’s earnings last night (“the worst is over”?), FOMC Interest Rates decision this afternoon, and the key technical levels to be the main drivers of the market action today. As we have been indicating since 01/09, the index is looking at strong resistance level around (more…)
Results of Published Model Entries and Exits for Tuesday 01/29 Per the plans published in the morning today, our medium-term models did not trigger any trades as the index traded within the bounds published. Our aggressive models triggered two short positions with 5.34 index points in losses.Below, you will find the detailed tracking of our (more…)
