Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 12/6” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Concerns of a slowing economic growth, coupled with skepticism over the temporary cease-fire between the U.S. and China spooked nervous investors, sparking a dramatic sell-off across most of the primary sectors (more…)
Let the Noise Settle! As mentioned in our yesterday’s forecast, our models are sporting an indeterminate bias and indicate staying out of the market today as well. They are looking for a daily close above 2804 for a bullish bias or a close below 2785 for the resumption of a mildly bearish bias. The key levels (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 12/4” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weekend news of a temporary trade truce between the U.S. and China at the closely watched G-20 Summit in Argentina lifted sentiment at the open. De-escalation of trade tensions boosted trade-dependent (more…)
US-China Meeting Weekend Preliminary Results Driving Wild Moves – Let the Noise Settle! As written in our Friday’s forecast, the US-China meeting has proved to be a big market mover over the weekend. All the markets (Stocks, Oil, Gold, Commodities, Currencies) have gapped significantly. Our models continue to sport the “indeterminate” bias and point to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 12/3” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Fueled by Federal Reserve Chairman Jerome Powell’s dovish comments and optimism ahead of the critical meeting between President Trump and his Chinese counterpart Xi Jinping, the S&P 500 logged its best (more…)
Month-end and Friday Options Expiration, US-China Meeting Weekend – Expect Heightened Volatility Today! It’s the month-end and Friday options expiration day, coupled with the highly anticipated US-China meeting over the weekend. Expect increased volumes and volatility today, especially during the “witching hour” (3pm-4pm EST). Our models continue to sport the “indeterminate” bias and point to standing (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/30” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Ending its three-days winning streak, the S&P 500 index closed the session lower as investors turn their focus on trade related issues ahead of the highly awaited G-20 summit this weekend. (more…)
Today, It’s About the FOMC and the Interest Rate Outlook! It’s the FOMC meeting minutes release day today, Thursday 11/29. In all probability, it would not be way too far out from what Powell spoke on Wednesday, so there may not be much fireworks in the market. Unless there are any surprises in the FOMC (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/29” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) With easing of rate hike fears, the S&P 500 index registered a third straight day of gains, reclaiming the psychologically important 2700 level. Expectations of a possible breakthrough in the U.S. (more…)
Critical Headlines-driven Week In Progress – Don’t Jump the Gun! Our models have opened the post-Thanksgiving trading week with the prior two week’s aggregate profits of 154.75 points from the pre-defined trading levels on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions of sell-off. (more…)
