Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 06/17” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Intense selling of semiconductor stocks weighed down heavily on the S&P 500 as concerns of weakening demand for technology products was once again revived after Broadcom Inc. missed revenue estimates and lowered (more…)
Earnings and Economic Headlines to begin to Replace Geopolitical Concerns? No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks’ earnings concerns (read, Broadcom’s), China’s weak economic numbers, IEA’s oil demand outlook, and Gold’s rise…these are likely to consume investors’ sentiments today, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 06/14” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) A solid rebound in oil prices helped lift the S&P 500 index to close higher for the first time in three days. Gains, however, remained capped amid investor caution ahead of the (more…)
Results of Published Model Entries and Exits for Thu 06/13 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. (please click here to view the Outlook and Trading Plans published in the morning, that these results refer to) THE SUMMARY: (more…)
Choppiness Driven by Geopolitical Headlines The overnight futures have seen choppy trading driven by the headlines about the oil tanker fires in the Strait of Hormuz – sentiment oscillating between knee-jerk sell-off and knee-jerk bid-up. In which direction the sentiment stabilizes for the session is anybody’s guess, and potentially determined by the technicals of (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 06/13” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index closed lower for the second straight session, although holding on to its key support levels amid investor caution ahead of the keenly awaited G-20 summit wherein President Trump (more…)
Results of Published Model Entries and Exits for Wed 06/12 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. (please click here to read the Outlook and Trading Plans published in the morning, that these results refer to) THE SUMMARY: (more…)
This Morning’s “No Inflation, No Problems” (Good) News Bad for the Markets? The CPI release this morning points to no concerns about inflation or the health of the economy. While this is good for the common man, and the general well being of the economy, the equity market players could take this as (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 06/12” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Taking a breather from an intense 5-day rally, the S&P 500 index reversed its early session’s attempt to extend gains as investors’ focus shifted back to U.S. – China trade tensions ahead (more…)
Results of Published Model Entries and Exits for Tuesday 06/11 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
