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…)
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…)
Bear Beaten Down, Bull Appears Young and Vulnerable Last week, the S&P 500 Index failed to credibly break below the 2770 level which our models have been monitoring as the key level since last Tuesday, 02/26. After probing the 2730 level with the session low last Friday, 03/08, the index rebounded into the close with an (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 03/12” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Rebounding from a five day losing streak, a strong Tech-led rally lifted the S&P 500 index to regain the key technical support of 200 DMA (now at 2751.15) once again after (more…)
Results of Published Model Entries and Exits for Monday 03/11 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 (more…)
