GapUp of Thursday – Bulls’ Score or Bull Trap? Our intraday models’ trading plan for Thu, 09/14, published before the markets opened, stated: “The index yesterday started the regular session with a gap up much above this 2895 level with a close of 2904.18, but our models are not embracing a bullish bias on this (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 09/17” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Technology rebound led the S&P 500 index higher to register its best week in two months, further fueled by trade optimism. A five-day winning streak lifted the index to near a (more…)
GapUp of Yesterday – Bulls’ Score or Bull Trap? Our intraday models’ trading plan for Thu, 09/13, published before the markets opened, stated: “For today’s regular session, the medium term models indicate an “indeterminate” bias and waiting for a daily close above 2893 or below 2863 to take any directional trades” (click here to read the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/14” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Gapping higher at the open on the back of falling yields, the S&P 500 index managed to maintain the day’s gains as Technology stocks rebounded from the previous session’s slump. Gains, (more…)
The New Battle for Territory Continues – Day 4 Our intraday models’ trading plan for Wed, 09/12, published before the markets opened, stated: “For today’s regular session, the medium term models indicate an “indeterminate” bias and waiting for a daily close above 2893 or below 2863 to take any directional trades” (click here to read the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/13” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) With no major catalyst to catapult it above the all-time highs registered in the last week of August, the S&P 500 index continues to be range bound, finding a strong support (more…)
Crytal Ball in our Models? Not Really, But the New Battle for Territory Continues – Day 3 Our intraday models’ trading plan for Tue, 09/11, published before the markets opened, stated: “For today’s regular session, the medium term models indicate an “indeterminate” bias and waiting for a daily close above 2888 or below 2863 to (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/12” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Surging oil prices ahead of a major hurricane that is expected to hit the Eastern coast led the S&P 500 index higher as investors brush aside trade related concerns for now. (more…)
Bulls Lost their Territory, Bears Yet to Gain It! It’s a New Battle! Our intraday models’ trading plan for Friday, 09/07, published before the markets opened, stated: “Our models did indeed pick up signals that the recent bullish trend might have been broken on Friday, and are waiting to determine if today’s (Mon, 09/10) market (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/11” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Rebounding from a four day Technology-led sell-off, the S&P 500 index closed today’s session with slight gains. Optimism, however, remained capped amid ongoing trade talks between the U.S. and Canada over (more…)
