Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/19” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Primarily driven by trade optimism, the S&P 500 index extended gains for the second day in a row, albeit ending the week sharply lower amid intense sell-off in Technology and Energy (more…)
Whipsaw, Choppy, Sideways…this Market Is Anything But Directional! Do not Get Trapped on Either Side! While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/16” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a five-day losing streak, the S&P 500 index bounced back alongside a recovery in Technology stocks. Oil prices extended their gains, further supporting the day’s gains. Opening (more…)
No Bullish Strength – Be Cautious About False Spikes Up While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” bias immediately after the midterms. (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/15” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) A wild price action led the S&P 500 index to register five straight days of declines as Apple Inc., the largest stock by market cap remains under pressure amid stock downgrades (more…)
The Whipsaw Moves to Continue While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” bias for yesterday. True to our models’ cautions, the much (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/14” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index erased its early session’s attempt to rebound as Energy sector fell for the fourth straight session with oil prices falling to December lows. Technology stocks also attempted (more…)
Wounded Bull, Dancing Bear – No Dominance For Anyone, Yet! How would you like a forecast that gave you clear entry and exit points BEFORE the markets opened yesterday, and booked you profits of 56.50 points in spite of the market rout that ensued? Hard to find such forecasts/newsletters! Well, our readers just witnessed such (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/13” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) A dramatic sell-off in Technology stocks led the broader S&P 500 index lower for the third session in a row after. Apple Inc. and its suppliers fell sharply after one of (more…)
NO BULL, NO BEAR – Markets Waiting for A Directional Bias to Emerge post-Midterm! While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and continue to reiterate that (more…)
