Bullish Trend Possibly Broken on Friday! Wait for Today’s Close to Confirm! Our intraday models’ trading plan for Friday, 09/07, published before the markets opened, stated: “the medium term models indicate an “indeterminate” bias and waiting to monitor the daily close today AND Monday to determine their next trading strategy” (click here to read the full (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 09/10” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Technology sector sell-off led the S&P 500 index lower this week, pulling back from record highs and registering a four day losing streak. Investor confidence remained capped this week with escalating (more…)
Bullish trend broken? Today’s post-JobsReport close to signal, and Monday’s close to confirm! Our intraday models’ trading plan for yesterday, Thu 09/06, published before the markets opened, stated: “The models would go long on a break above 2912, and go short below 2884 – both with a tight 6-point trailing stop” (click here to read (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/07” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index extended its slide as Technology stocks weakened for the third consecutive day. Energy stocks led the index lower alongside a sharp fall in oil prices on concerns (more…)
Bull Consolidation Week? Day 3 Our S&P 500 Index intraday models’ indicated on Friday, 08/31, that they see bull consolidation ahead. And, the index indeed did not have much movement that day, and it closed just 0.39 points above previous day’s close. We reiterated that call for the new trading week yesterday, Tue, 09/04 – the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/06” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index extended its slide as the second round of trade talks between the U.S. and Canada remain in focus. Both the countries resumed their trade talks in an (more…)
Bull Consolidation Week? Day 2 Our S&P 500 Index forecast for yesterday, Tue 09/04, stated: “Models indicate that there is no risk to the current bull run while the index is above 2885″ (click here to read the full text to verify this claim). The index indeed followed this with the session’s low registered at (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/05” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index opened the month of September on a weaker note as investors keep a close watch on the latest developments on trade negotiations between the U.S. and Canada. (more…)
Bull Consolidation Week? Day 1 Our S&P 500 Index intraday models’ indicated on Friday, 08/31, that they see bull consolidation ahead. And, the index indeed did not have much movement that day, and it closed just 0.39 points above previous day’s close. Considering the runaway bullish action in the last couple of weeks, trade-tensions notwithstanding, the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/04” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Primarily driven by trade news, the S&P 500 index closed yet another week with strong gains. Economic strength and strong quarterly corporate performance helped the S&P 500 index to recover from (more…)
