Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 02/04” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Powered by better-than-expected earnings and a dovish Fed, the S&P 500 index closed the week with a decent 1.57% gain over previous week’s close. A surprise jump in NFP (Non-Farm Payroll) (more…)
Results of Published Model Entries and Exits for Friday 02/01 Per the plans published in the morning today, our medium-term models kicked off the new trading month with a yield of 3.54 index points in gains on four long trades, and our aggressive models netted 8.67 index points in losses on four long trades.The increased (more…)
NFP Exuberance Adding to the Earnings Euphoria! Markets Feeling Giddy, Yet? NonFarm Payrolls just crushed the estimates and the index futures are flirting with overnight highs, albeit not pierced them yet. The headlines could add to the exuberance (irrational, yet? Need to ask Greenspan) already pervading the markets based on this week’s earnings beats (on (more…)
