Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/08” will be posted by 7:30am/8:00am EDT, Wednesday. THE GIST (“THE WHAT”) Grinding towards its all-time peak, the S&P 500 index moved solidly higher for the fourth straight session. With no big story on trade war front, strong earnings took center stage at (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – TUE 08/07: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan)The trading plan published this morning stated: “For Tuesday’s regular session, the medium term models indicate going long on a break above of 2852 from below. If the market opens (more…)
Day 3: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Decide! Our forecast for the S&P 500 Index for yesterday, Monday, stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/07” will be posted by 7:30am/8:00am EDT, Tuesday. THE GIST (“THE WHAT”) Trading lower at the open as investors digested the intensified trade spat between the U.S. and China during the weekend, the S&P 500 index rebounded on registering the day’s low at (more…)
Aggressive Intraday Models Entered Long – Mon 08/06 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Monday, 08/06- published Monday morning, before the regular open – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details) Medium-term/long-term Models Published (more…)
Day 2: Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Friday stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within the broader 2840-2795 range (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/06” will be posted by 7:30am/8:00am EDT, Monday. THE GIST (“THE WHAT”) Upbeat earnings took center stage once again, as investors largely ignored escalating trade tensions in the background. The S&P 500 index opened higher as investors found refuge in modest jobs data (more…)
Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Thursday stated: “For Thursday, the medium term models indicate a broad range of 2835-2795 band as the pivot for any trades” (click here to read/verify this claim). The index reached a low of 2796.34 (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/03” will be posted by 7:30am/8:00am EDT, Friday. THE GIST (“THE WHAT”) With the U.S. – China trade spat back to the fore, the S&P 500 index opened the session significantly lower. Opening below the 20 DMA (now at 2806.53) and registering (more…)
Avoid Getting Whipsawed by Range-bound, Choppy Trading! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision came and went causing a lot of volatility but no real sustainable move in either direction! The S&P 500 Index essentially closed right in the middle of the trading range that our medium term models forecast, published Tuesday (more…)
