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…)
Earnings to Further Feed or Trip The Bulls on Thursday? Our S&P 500 Index forecast for Wednesday (07/25/18) – published Tuesday night – stated: “Indications are for continued bullishness in the markets while the index is above 2810. For Wednesday 07/25, if the index closes above 2830, it would indicate accelerating bullishness in the market.” (more…)
Earnings to Continue to Feed the Bulls to Further Strength? Out S&P 500 Index forecast for Tuesday (07/23/18) – published Monday night – stated: “For Tuesday 07/24, if the index closes above 2816, it would indicate recovering bullishness in the market” (click here to read/verify this statement). The index closed at 2820.40 – above the (more…)
Consecutive Three Days of Tug-of-War! Advantage Bulls! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
A Weakening/Tired Bull? Monday’s Close to Confirm! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
Market Reaching an Imminent Inflection Point – Day 3 Our S&P 500 Index forecast for today (Thursday) – published on Wednesday night – stated: “The index has to close below 2804 to cause any slowdown of the bulls!”. Staying true to the story of the last many days, the index did indeed track this – (more…)
Market Reaching an Imminent Inflection Point – Day 2 Monday night, we published this S&P 500 Index forecast for Tuesday: “For Tuesday, 07/17, the models point to a continuation of the bull consolidation, within the broad 2775-2810 band.” (click here to read this report/verify this claim) – and, the market today closed at 2809.55, just (more…)
