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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/15” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Fears of a slowing global economy were revived following a surprise drop in China’s exports and imports for the month of December. China’s trade surplus with the U.S. hit a multi-year (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/14” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Taking a breather from its longest winning streak since September 2018, the S&P 500 index closed today’s session mostly flat as investors keenly await the start of the earnings season next (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/11” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Extending its best winning streak since September 2018, the S&P 500 index closed today’ session higher for the fifth straight session, albeit on a whipsaw price action as strength in the (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/10” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Primarily driven by optimism around a potential trade deal between the U.S. and China and FOMC minutes indicating that the central bank might take a cautious approach before hiking rates further, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/09” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Closing the session higher for the third straight session, the S&P 500 extended gains as investors remain cautiously optimistic about a potential trade deal between the U.S. and China. Opening higher, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/08” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Building on previous session’s Fed-induced rally, the S&P 500 index extended gains on hopes that the resumption of the U.S. – China trade negotiations could result into a resolution to their (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/07” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Easing of recession jitters following a surprise big jump in December jobs data, lifted sectors across the board with a wild price action. The worst performing sectors last week were the (more…)
