A Positive Start for the Earnings Season! The positive earnings from JP Morgan kicking off the season bodes well for the next bull leg on the horizon! Nothing more needs to be said here.As been advising here for the last many days, extreme caution should be exercised if shorting this market while the SPX is (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 04/12” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index was unchanged for the day as investors brace for the first quarterly earnings season to be officially kick started by major banks tomorrow. Price action and trading volume remains (more…)
Results of Published Model Entries and Exits for Thursday 04/11 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 any (more…)
Traders Waiting for a Catalyst to Push the Markets Up/Down With the major economic releases for the week and the FOMC meeting minutes out of the way, markets are listless and looking for a thrust to move out of the consolidation range of the last few days. Once the earnings releases start pouring in, there (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 04/11” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Resuming its rally after a brief pause in the previous session, the S&P 500 index closed higher, moving 1.82% closer to September’s record all-time highs. Trading on a muted volume ahead of the (more…)
Results of Published Model Entries and Exits for Wednesday 04/10 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 any (more…)
Can Fed Minutes Cause Concern to the Relaxing Bulls? The CPI came in higher than expected, the Fed has been vowing to take it easy on the interest rates. What does the Fed know that the markets don’t, yet? Is it something that can upset the current bull run? That’s the economic story line for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 04/10” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Ending its longest winning streak since October 2017, the S&P 500 index closed lower for the first time in nine days amid escalating trade tensions between the European Union and the U.S. Sentiment (more…)
Results of Published Model Entries and Exits for Tuesday 04/09 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 any (more…)
Markets Getting Ready to Unwind Violently? Tomorrow’s ECB Rate Decision, followed by U.S. CPI release which is followed by FOMC meeting minutes and, the ever-present US-China trade talk “settlement” hype…a lot of headline risk for the markets to unwind violently towards new highs (rather than downwards) present this week. What follows once the earnings start (more…)
