Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 03/04” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Logging a fifth consecutive weekly gain the S&P 500 index closed Friday’s session higher for the first time in four days. Opening higher on renewed trade optimism, the index was pulled (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 02/04” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Powered by better-than-expected earnings and a dovish Fed, the S&P 500 index closed the week with a decent 1.57% gain over previous week’s close. A surprise jump in NFP (Non-Farm Payroll) (more…)
Market Volatility to Continue Into the New Year As pointed to in our Friday’s forecast: the year-end window dressing, tax-loss harvesting, dollar cost averaging, and fresh month/year systematic investing flows…there are many structural twists and turns that are going to make the markets continue the roller coaster ride into the next couple of weeks. (more…)
If Your Stomach Churns, You Should Avoid Rollercoaster Rides! As pointed to in our yesterday’s forecast, our models indicated a broad range of 2350-2485 as the trading range to monitor. The S&P 500 Index closed just under four points above the upper bound of this range in a wild spike up in the last (more…)
Do You Call a 0.28 Point Gain A Santa “Rally”?! Check the numbers before you believe the (expected) hype/emotion that yesterday’s historic intraday rally instigated all around about the “Santa rally” coming to the markets albeit a bit late! The S&P 500 Index closed at 2467.42 exactly one week back – last Thursday, 12/20. (more…)
Will the Story of 2019 be called “The Grinch Who Stole the New Year”? The Grinch who stole the 2018 Christmas is likely to keep dancing his way into the New Year. Our Models indicate NOT to trust the deadcat bounces likely to appear on the markets over the next few sessions remaining in 2018. (more…)
Friday’s Close Points to the Grinch! The index closed below the key 2440 level on Friday (12/21), crushing the last hopes some held for the Santa to show up in the markets. All indications are that the Grinch is dancing all over the market this holiday season. Today being a half day, expect stop-loss related (more…)
Dead Cat Bounce or An Interim Low Set Yesterday? Today’s Close Might Hold Clues! While indicating potential spike up today for some respite from the last two days of beating, our models continue to caution that any moves up could be potential bull traps while the index is below 2535. The index has to register (more…)
Not Much to Boost the Markets In the Near Term – Any “Oversold” Bounce May be Short-lived Models continue to caution that any moves up could be potential bull traps – they indicate selling on any up-moves while the index is below 2535. The next key support lies around 2475. Model Biases/Outlook: As we reiterated (more…)
Today, It’s All About the Fed and the Interest Rates Outlook! Our models continue to book winning trades in these treacherous markets! Models continue to caution that any moves up could be potential bull traps – they indicate selling on any up-moves while the index is below 2610. Model Biases/Outlook: As we reiterated since the midterm (more…)
