Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/31” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a historical rally that lifted it to record highs, the S&P 500 index pulled back after trade war concerns were revived following news that President Trump intends (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/30” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Riding on trade optimism and strong economic data, the S&P 500 closed at record highs for the fourth day in a row. In an attempt to resolve the long ongoing trade (more…)
It’s the Bulls’ Territory with No Bear in Sight (Note: Due to some technical issues with our algo servers, this forecast for Wednesday’s market session is being published late – around 10:10am, about 40 minutes AFTER the market open. We will continue to publish the forecasts BEFORE the market opens as has been the norm (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/29” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Charting new highs for the third straight session, the S&P 500 index crossed the 2900 mark for the first time, buoyed by Jerome Powell’s positive economic outlook last week coupled with (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/28” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) The S&P 500 index registered record all-time highs for the second straight day as trade sensitive sectors rallied on optimism over the U.S. – Mexico trade deal. Opening significantly higher, the (more…)
This Bull Keeps Running Further and Farther! Investors Seem to Have No Choice but to Run With It Until It Drops! Our S&P 500 Index intraday models’ forecast and trading plan for Monday, 08/27, stated: “For today, Monday, the models would go long above 2878 and go short below 2750 – both with a tight, (more…)
This Bull Keeps Running Further and Further – No Stop in Sight? Our S&P 500 Index forecast for Friday, 08/24, stated: “A daily close above 2870 is needed – and, needed fast – for the current bull run to maintain momentum.” (click here for the full text of the forecast) The index did close comfortably above (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/27” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) The S&P 500 Index registered a record high once again, buoyed by strong earnings by Tech stocks and a relief rally in metal prices that edged up Materials stocks. Breaking through (more…)
This Friday: Crescendo of the Bulls or the Harbinger of the Bears? Our forecast of imminent new record highs this week has come true on Day 2 – on Tuesday – with the S&P 500 Index registering a new high of 2873.23. The financial markets have digested all the political headlines with poise and the (more…)
