Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/01” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Mirroring the European market sell-off, the S&P 500 index opened lower, but soon gained an upward momentum following a bag of mixed economic data and a rally in chip stocks. The (more…)
Until a Major Catalyst Shakes It Up, Market Is Stuck in Range-bound Trading S&P 500 Index trading plans of our aggressive, intraday models – published before market open yesterday – stated: “The trigger of the trailing stop is currently anchored at 2909.28, which would lock in a profit of about 4 points if filled” (on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/28” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) With no major news headline on trade front, the index rebounded from its 4-day losing streak on the back of rising tech stocks, albeit remaining range bound with no major catalyst (more…)
Mostly Geopolitical Headlines’ Noise to Drive the Markets until Next Major Catalyst! Our Models Entering Into a Neutral Bias. Our S&P 500 Index aggressive, intraday models’ Trading Plans for Wed, 09/26 – published before the markets opened – stated: “For today’s regular session, aggressive intraday models are indicating going long above 2936 or going short (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/27” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Opening on a positive note, the S&P 500 index held on to modest gains ahead of the keenly awaited FOMC policy decision. The gains were erased after the Federal Reserve increased (more…)
Today, It’s All About the Interest Rates and the Fed Outlook! Our S&P 500 Index aggressive, intraday models’ Trading Plans for Tue, 09/25 – published before the markets opened – stated: “For today’s regular session, aggressive intraday models are indicating going long above 2933 or going short below 2914 – both with a 6-point trailing (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/26” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With investors maintaining a cautious stand ahead of the keenly awaited Federal Reserve’s monetary policy decision on Wednesday, the S&P 500 index remained directionless, swinging between small gains and losses amid (more…)
New Records Can’t Be Printed Daily or Weekly – Bulls to Take a Breather? Our S&P 500 Index aggressive, intraday models’ Trading Plans for Fri, 09/21 – published before the markets opened – stated: “For today’s regular session, aggressive intraday models are indicating going long above 2938 or going short below 2921 – both with (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/25” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weighed down by trade and political news headlines, the S&P 500 index opened the week on a weaker note. U.S. tariffs on $200 billion worth of Chinese goods went into effect (more…)
Record Bull Run to Continue Unabated or Take a Breather? Our S&P 500 Index Medium-term models’ Trading Plans for Fri, 09/21 – published before the markets opened – stated: “For today’s regular session, the medium term models indicate carrying through this long position with a stop at 2922 to lock in a 9-point profit should (more…)
