Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/29” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) As investors brace for the busiest week of the earnings season, disappointing earnings by NVIDIA Corp and Caterpillar Inc. eroded confidence at the open after these two blue-chip companies warned of (more…)
Results of Published Model Entries and Exits for Monday 01/28 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 4.94 index points in profits. Below, you will find the detailed tracking of (more…)
Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)
Results of Published Model Entries and Exits for Friday 01/25 Per the plans published in the morning on Friday 01/25, our medium-term models as well as our aggressive intraday models did not trigger any trades as the index opened above the entry level and never traded below it to trigger any trades on the cross (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/28” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Stream of strong earnings continued throughout the week lifting the index higher and to recover from the slump experienced earlier in the week. Shrugging aside the trade concerns and fears of (more…)
The Drift Higher To Continue? Since Wed, 01/09, our models have been sporting a bullish bias which will be invalidated if the index registers a daily close below 2623. While above 2633, our models continue reiterating the bullish bias. The index is looking at strong resistance level around 2665-75, and if it closes above 2675 on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/25” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Whipsaw price action continued for the second session in a row as investors weighed trade concerns against a mixed bag of corporate earnings. While semiconductors and airline stocks rallied on the (more…)
Results of Published Model Entries and Exits for Thursday 01/24 Per the plans published in the morning today, our medium-term models did not trigger any trades today whereas our aggressive intraday models’ trades lost 8.01 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for the (more…)
Earnings, Economic Releases, Geopolitics…A Packed Day for Headline Risk today Major earnings releases (Intel, Starbucks, American Airlines, Southwest, Union Pacific, Discover Financial etc), key economic releases (initial jobless claims, PMI, regional fed survey), and geopolitical events (European Central Bank, Venezuela, China)…today’s market calendar is packed with headlines-driven event risk. The index is facing the big (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/24” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Shrugging aside trade concerns and the fear of a global economic slowdown, the S&P 500 index rebounded from last session’s sell-off as investors turned their focus back on corporate earnings. Strong (more…)
