Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 05/29” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Growing trade uncertainty and its impact on stock markets dampened investor sentiment after President Trump said over the weekend that he is not yet ready for a trade deal with China and China (more…)
Consumer Confidence and Geopolitics The release of consumer confidence numbers at 10:00am ET may likely be less critical than the yo-yo moves of the investor sentiment surrounding the US-China deal and other geopolitical headlines. When the financial markets’ hope or despair involve politics and not economics, there is something not normal about the state of (more…)
Results of Published Model Entries and Exits for Friday 05/24 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 Tuesday, 05/28” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Easing of trade tensions helped the S&P 500 index to take a breather from previous two session’s panic selling that dragged the index to log a third straight weekly decline. Heading into the (more…)
Results of Published Model Entries and Exits for Friday 05/24 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…)
Squaring off Short Positions Before the Long Weekend? With Trump trying to prop up the markets, the institutions and the big players seem to be playing the usual trick: take the “path of the maximum pain”. While many might have got sucked into short positions yesterday – believing that the markets are doomed – they (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 05/24” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Intensifying concerns that the prolonged U.S. – China trade war could go on long enough to push the global economy into recession rattled investor confidence which were further compounded following a sluggish batch (more…)
Results of Published Model Entries and Exits for Thursday 05/23 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…)
Whipsaw Price Action to Dominate The directionless trading conditions appear to continue into today’s session, with occasional whipsaw moves in either directions. As we wrote yesterday morning, the FOMC meeting minutes’ release ended up a non-event as the geopolitical headlines drove the market sentiment yesterday, and likely continue into today. Our models are waiting for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 05/23” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Primarily driven by retail earnings hits and misses, the S&P 500 index gave back gains from previous session’s relief rally. With no new development around the stalled US – China trade talks, investors (more…)
