Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/22” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Gaining a bullish momentum at the open on the back of strong quarterly earnings, the S&P 500 index soon lost steam on registering the day’s high at 2797.77 as confidence was (more…)
So Much Noise and No Real Movement In the Markets?! Stay Patient and Stay Safe In this Whipsaw Trading Environment! Despite the headline grabbing market moves all this week, the S&P 500 Index closed yesterday – Thursday, 10/18 – just where it closed last Friday! To be exact, the index closed last Friday at 2767.13, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/19” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Disappointing earnings by Industrial heavyweights, coupled with the indications of a slowing Chinese economy dampened sentiments at the open. Stocks were sent tumbling in the afternoon session on concerns that a (more…)
Yesterday’s price action in S&P 500 tested both the upper and lower trading levels indicated by our models’ forecast – published before the markets’ open. The index registered the day’s low under 2 points away from our medium-term model’s lower bound and the day’s high was registered under 1 point above the level indicated by (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/18” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Lacking optimism at the open following weaker-than-expected Housing starts data, the index reversed early session losses on registering the day’s low at 2781.81 on the back of strong corporate results across (more…)
Do NOT Turn Complacent with The Recent Big Wins! Our S&P 500 Forecast trading plans published before the markets opened on Monday, 10/15 stated: “models are sporting caution to the bears regarding a potential corrective spike up in a whipsaw manner” (click here to read the full report and/or to verify this claim). This has come (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/17” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong corporate earnings were back in focus, helping the S&P 500 index to regain some of its lost ground in its best day since March 26, 2018. U.S. industrial production rose (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/16” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Opening the session on a weaker note, following the worst week since March on fears of rising interest rates, the S&P 500 index oscillated between gains and losses as Technology weakness (more…)
Key Technical Levels and Earnings In Focus This Week! Our S&P 500 Forecast trading plans published before the markets opened on Friday 10/12 indicated going short on a break below 2740 and going long on a break above 2887(aggressive-intraday models) or 2796 (medium-term models) (click here to read the full report and/or to verify this claim). The (more…)
