Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 06/18” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) A quite session ahead of the key monetary policy announcement by the Federal Reserve lifted the S&P 500 index to close slightly higher following a narrow, choppy price action. Strong gains in (more…)
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…)
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…)
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…)
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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 06/07” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Building on last week’s optimism, the S&P 500 index inched closer to all-time highs on reports that the U.S. and Mexico have agreed on a deal to avoid tariffs on Mexican imports. Gains, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 06/07” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The Fed-led rally extended into its third session. Struggling for direction and flirting with its 20 DMA (now at 2826.90) during the early hours, the S&P 500 index received a strong boost in (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 05/28” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Easing of trade tensions helped the S&P 500 index to take a breather from previous two session’s panic selling that dragged the index to log a third straight weekly decline. Heading into the (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/31” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Buoyed by strong earnings from Boeing Co and Apple Inc., the S&P 500 jumped higher at the open. Maintaining gains ahead of the keenly awaited news conference of Fed Chairman Jerome (more…)
