Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 09/24” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Building on previous session’s gains, the S&P 500 index gapped up at the open, but was unable to hold on to the gains as Technology stocks weighed down on the index. (more…)
Our Models Catapulted from the Snail to Bullish Trades and Riding Them! Wild Action Anticipated Ahead! Our S&P 500 Index Medium-term models’ Trading Plans for Thu, 09/20 – published before the markets opened – stated: “For the second day in a row, our medium term models indicate going long above the break of 2913 on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/21” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Ignoring the tensions around unresolved trade issues and breaking through the all-time highs of August 29, the S&P 500 registered fresh new highs with Technology sector in the lead. Gapping (more…)
Slow Grind Towards A Clear Bull Territory – if Hitting No Geopolitical or Economic Bummer! Our S&P 500 Index Medium-term models’ Trading Plans for Wed, 09/19 – published before the markets opened – stated: “Models indicate going long above the break of 2913 on the index level, with a stop-loss at 2892″ (to verify this claim click (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/20” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 closed higher for the second straight day, albeit with a choppy price action as investors brushed aside the lingering trade tensions. Financials and Energy stocks outperformed, offsetting a (more…)
With the Bear Beaten Down, the Resting Bull Ready to Run Again? Our S&P 500 Forecast and Trading Plans for Tue, 09/18 stated: “The models would go long on a break above 2903, and go short below 2885 – both with a 6-point trailing stop” (to verify this claim click here for the full forecast published) Accordingly, our (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/19” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Shrugging off the escalating trade rhetoric, the S&P 500 index rebounded from yesterday’s pull back. Technology stocks bounced back to lead the index higher. However, lacking any major catalyst, the all-time (more…)
The GapUp from Thursday (the focus of our models’ forecasts since the gapup) Is Filled – Now, What? Our S&P 500 Forecast and Trading Plans for Fri, 09/14 as well as Mon, 09/17 repeatedly headlined the gapup on Thursday and emphasized that it needed to be filled before any directional bias would emerge in the (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/18” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weighed down by trade tensions, the S&P 500 index pulled back from its 5-day winning streak, falling back within the trading range it was confined to for a while. Opening lower (more…)
GapUp of Thursday – Bulls’ Score or Bull Trap? Our intraday models’ trading plan for Thu, 09/14, published before the markets opened, stated: “The index yesterday started the regular session with a gap up much above this 2895 level with a close of 2904.18, but our models are not embracing a bullish bias on this (more…)
