Key Technical Levels and Earnings In Focus This Week! Our S&P 500 Forecast trading plans published before the markets opened on Friday 10/12 indicated going short on a break below 2740 and going long on a break above 2887(aggressive-intraday models) or 2796 (medium-term models) (click here to read the full report and/or to verify this claim). The (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/15” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) The S&P 500 index staged a rebound from a six-day riot that caused a major technical damage to its charts and dragged two-third of its components into a correction territory. In (more…)
Key Battle Lines In Play Today! Our S&P 500 Forecast medium-term models’ trading plan for yesterday – published before the markets opened yesterday – indicated going short on a break below 2880, which was triggered and the models went short; the aggressive, intraday models indicated carrying the short position opened on Wed 10/10 at 2876 (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/12” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Plunging for the sixth straight session in a row as investors continue to abandon equities in favor of save haven assets amid fears of rising interest rates, the S&P 500 index (more…)
“Stay Patient and Be Safe – Don’t Play with Choppy Markets” – Our Headline Published Yesterday BEFORE the Market Open Still Applies to Today! Our S&P 500 Forecast’s aggressive intraday models published the following trading plan yesterday – before markets opened: “If the index crosses above 2886 during the regular session, the models indicate going (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/11” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) In its worst day since February 8, 2018, a dramatic sell-off in equities alongside rising Treasury yields dragged the S&P 500 index down to breach key technical support level of 100 (more…)
Stay Patient and Be Safe – Don’t Play with Choppy Markets Our models have declared “neutral bias” last week and continue to sport it until the indicated range is broken out of. Yields, so far, have failed to prove to be the major catalyst needed to push the markets out of this range decisively. Despite (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/10” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index logged a four-day losing streak amid fears of rising interest rates. The 10-year Treasury yield pulled back slightly on registering an intraday high of 3.26%, but still (more…)
Range Breakout to be Confirmed Today! Our models have declared “neutral bias” last week and continue to sport it until the indicated range is broken out of. Yields seem to be developing into the major catalyst needed to push the markets out of this range, on the downside. Despite the headlines on multiple fronts throughout (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/09” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weighed down by Technology weakness, the S&P 500 index extended its slide for the third straight day amid fears of rising Treasury yields. With Treasury markets being closed for trading in (more…)
