Pivotal Week Ahead! The FOMC meeting this week is yet another event that could cause a swift spike up – in addition to the ever-lurking US-China trade agreement. These are the two major factors that are keeping the bear at bay, for now. Any “buy the rumor, sell the news” unfolding after these could quickly (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 03/18” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Resuming its rally after a brief pause in the previous session, the S&P 500 logged a best weekly gain since November 30, 2018 and closed convincingly above the key resistance level (more…)
Witch of a Friday! The wildcard of the ever dragging-on US-China trade talks and the quadruple witching Friday add to the noise, making it difficult to discern any signals. Unless investing for a very long term or venturing into an aggressive intraday trade, wiser to stay on the sidelines today. Below, you will find our models’ (more…)
Results of Published Model Entries and Exits for Thursday 03/14 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 03/15” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a solid three-day rally, the S&P 500 index closed mostly flat at 2808.48, down a slight 2.44 points over the previous session’s close. The index dipped briefly (more…)
The Wildcard is, still, China! The wildcard of US-China trade talks seems to be cluttering the just about-to-be-clearing-up market view into the next directional bias. And, then…we have quadruple witching Friday tomorrow to make the waters even murkier and result in sudden volatility spikes with or without headlines. Trade lightly and carefully. Below, you will find (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 03/14” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Latest signs of subdued inflation boosted the S&P 500 index higher for the third straight session. Breaching the psychologically important 2800 level after several failed attempts to regain this closely watched (more…)
Results of Published Model Entries and Exits for Tuesday 03/12 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
Advantage None The S&P 500 Index did close positive yesterday – an event our models were waiting for – but, the models did not embrace the move with conviction, and thus are not adapting a bullish bias yet. Models got back into an indeterminate state, waiting for a more convincing breakout in either direction.Below, you (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 03/13” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) A softer-than-expected Consumer Price Index signaled at a muted inflation and reaffirmed the Federal Reserve’s decision to be patient with rate hikes, sending Treasury yields lower and benefiting riskier equity assets. (more…)
