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…)
Results of Published Model Entries and Exits for Thursday 01/31 Per the plans published in the morning today, our medium-term models yielded 6.95 index points in gains on one long trade, and our aggressive models resulted in 19.95 index points in gains on one long trade.With this, our models are closing out the month of (more…)
Earnings Euphoria to Power the Markets Ahead! Is It Sustainable? Facebook and Boeing are just a couple of names to beat the estimates. Couple with this the dovish Fed, and lack of any major geopolitical news (notwithstanding Venezuela), and we can see why the markets are acting giddy with euphoria! Unless something totally unexpected pops (more…)
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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/30” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With the earnings season kicking off in full swing, today’s market action was primarily driven by the latest batch of mixed earnings reports. Confidence remained capped ahead of Fed Chairman Jerome (more…)
Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)
