Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/28” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Building on previous session’s rebound, the S&P 500 index closed the choppy session with decent gains on prospects of a mutually agreeable trade deal between the U.S. and China. Strengthening dollar, (more…)
Fed Speak, GDP, FOMC, China…Busy Headlines-driven Week Ahead Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/27” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Solidly rebounding from last week’s steep losses, the S&P 500 index rallied on the back of a promising start to the holiday shopping season. Consumer Discretionary led the gains, further fueled (more…)
Bouncy Market Days Do Not Make A Trend! Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/26” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Oil prices deepened into their bear market territory, falling more than 7%, weighing down heavily on Energy stocks and dragging the S&P 500 index once again into a correction territory. Technology (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/26” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Taking a breather from last two days’ intense selling, the S&P 500 index bounced back on the back of a rebound in retail and technology stocks. Energy stocks led the index (more…)
It’s a Bear Territory – Do Not Get Into Bulltraps with Deadcat Bounce Moves Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge. Our models (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/21” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Extending losses, the index gave up its year-to-date gains amid a major technology sell-off. Disappointing earnings and gloomier outlook by Target Corp., Kohl’s Corp. and L Brands Inc. renewed concerns of (more…)
Bears Testing the Key Support Level at 2685 – Watch out for Volatility Spurt/Squeeze in The Dog Fight likely to Ensue Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! Yes, not bad for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/20” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Intense selling in Technology, Communication Services and Consumer Discretionary sectors led by the once beloved FAANG stocks dragged the S&P 500 index sharply lower to close below the psychologically important 2700 (more…)
