Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal! The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)
Day 4: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Reveal! As per our Intraday Update yesterday, Tuesday 08/07, our medium-term models are sitting on a long position entered at 2862.25, with a 10-point trailing stop with the stop trigger anchored at 2853.43; our intraday aggressive models (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…)
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…)
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…)
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…)
On Wednesday, It’s All About the Interest Rates, Trader! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision is due on Wednesday at 2pm EDT. This release is expected to drive the major market moves for the day and the rest of this week. Caution is advised when opening positions in either direction, (more…)
The Bull-Bear Battle In the Shadows of The Economic Releases this Whole Week Our S&P 500 Index forecast for Friday (07/27/18) – published Thursday night – stated: “…If the index closes between 2840 and 2820, it would indicate consolidation of the bullishness. A close below 2810 would negate the current bullish strength” (click here to (more…)
Bull Consolidation or Bear Emergence? Our S&P 500 Index forecast for Friday (07/27/18) – published Thursday night – stated: “…If the index closes between 2840 and 2820, it would indicate consolidation of the bullishness. A close below 2810 would negate the current bullish strength” (click here to read/verify this claim). Friday, the index closed at (more…)
The Market Bull Stood Its Ground Even With the Facebook Fiasco! Any Fight Still Left for Friday? Our S&P 500 Index forecast for Thursday (07/26/18) – published Wednesday night – stated: “For Thursday, 07/26, if the index closes above 2835, it would indicate accelerating bullishness in the market and the index would likely be testing (more…)
