Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/30” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With the earnings season kicking off in full swing, today’s market action was primarily driven by the latest batch of mixed earnings reports. Confidence remained capped ahead of Fed Chairman Jerome (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/29” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) As investors brace for the busiest week of the earnings season, disappointing earnings by NVIDIA Corp and Caterpillar Inc. eroded confidence at the open after these two blue-chip companies warned of (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/28” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Stream of strong earnings continued throughout the week lifting the index higher and to recover from the slump experienced earlier in the week. Shrugging aside the trade concerns and fears of (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/25” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Whipsaw price action continued for the second session in a row as investors weighed trade concerns against a mixed bag of corporate earnings. While semiconductors and airline stocks rallied on the (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/24” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Shrugging aside trade concerns and the fear of a global economic slowdown, the S&P 500 index rebounded from last session’s sell-off as investors turned their focus back on corporate earnings. Strong (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/23” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Taking a breather from its strong 4-day rally, the S&P 500 index opened the holiday-shortened week on a pessimistic note after China reported that its economy grew by 6.6%, the slowest (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/22” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Building on previous session’s U.S. – China trade optimism, the S&P 500 index rallied higher to log a fourth straight weekly gain. Shrugging aside a weaker-than-expected University of Michigan’s Consumer Sentiment (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/18” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Extending gains for the third straight session, the S&P 500 index closed today’s wild session higher as investors weighed mixed earnings results against better-than-expected economic data that eased recession jitters. Disappointing (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/17” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Driven higher by strong quarterly earnings reported by Bank of America and Goldman Sachs, the S&P 500 index extended gains for the second straight session. Disappointing earnings reported by several companies (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/16” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) A fresh round of stimulus announced by China to abate an economic slowdown boosted investor confidence at the open. With easing of fears of an imminent global recession, the S&P 500 (more…)
