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 Monday, 10/08” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) In its worst day since July 2018, the S&P 500 index extended its slide with Technology sector in the lead to erase a month’s gain as investors continued to shun equities. (more…)
It’s All About the Jobs Number Today! Or, Is It? Our S&P 500 Index forecast for yesterday – published before the markets opened – stated: “Aggressive, intraday models indicate the risk to the bulls, with a bearish spike down for the day”. The mainstream financial news media headlines for yesterday – after the markets closed (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 10/05” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) In a typical risk-off move, investors shunned equities and piled up on Treasury bonds, sparking a rally in yields. The 10-year Treasury yield spiked to a 2011 high, resulting in a (more…)
Yields, USD, Initial Jobless Claims, Durable Goods…Back To Basics? Despite the news headlines seemingly rattling the markets – up and/or down – the S&P 500 Index hasn’t moved even a couple of points from where it opened the month of October! Our models have declared “neutral bias” this week and continue to sport it until (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 10/04” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Upbeat economic data, coupled with the easing of fears of a clash between Italy and European Union lifted the S&P 500 index near a striking distance away from the September 21 (more…)
Today’s ISM Data to Help The Restless Bull Break Out? Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on Monday, 10/01! (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/03” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Lacking any major catalyst and weighed down by lingering U.S. – China trade policy uncertainties, the S&P 500 index extended its choppy and range-bound trading, closing the session flat at 2923.43, (more…)
Bulls Waiting for a Catalyst to Break Out of the Range-bound Trading! Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/02” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) In an unexpected move, the U.S. and Canada announced a new revised deal late Sunday to replace NAFTA, renamed as United States-Mexico-Canada Agreement (USMCA). Opening the month and the quarter higher (more…)
