This Friday: Crescendo of the Bulls or the Harbinger of the Bears? Our forecast of imminent new record highs this week has come true on Day 2 – on Tuesday – with the S&P 500 Index registering a new high of 2873.23. The financial markets have digested all the political headlines with poise and the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/24” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index extended losses for the second day in row as trade tensions took center stage once again after the U.S. and China slapped each other with tit-for-tat tariffs. (more…)
The Bull Run Not Really Dented Much – Just Bull Consolidation? Our forecast of imminent new record highs has come true on Day 2 – on Tuesday – with the S&P 500 Index registering a new high of 2873.23. The financial markets have digested all the political headlines with poise and the bulls have barely (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/23” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The U.S. stock market has registered its longest bullish run on record. The S&P 500 index however ended its four days streak of gains that had lifted the index higher to (more…)
Court Verdict, Guilty Plea and Implication, Raucous Rally, Fed Minutes…Enough to Spook the Markets? Our forecast of imminent new record highs has come true on Day 2 – yesterday – with the S&P 500 Index registering a new high of 2873.23. But, with the domestic political temperatures weathering(?), what otherwise could be a tsunami, with (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/22” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With no major news headlines to dampen investors’ optimism, the S&P 500 index moved solidly higher to register new all-time highs for the first time since January 26, 2018. Strong economic (more…)
Imminent New Record Highs – Day 2? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines continue to be the US-China trade talks this week. S&P 500 Index seems poised to take (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/21” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Opening the week on a positive note, the S&P 500 index extended gains for the third straight day. Announcement of a couple of billion dollar deals and rising commodities and oil (more…)
Imminent New Record Highs? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines is going to be the US-China trade talks this week. S&P 500 Index seems poised to take advantage of (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/20” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Opening the session flat, weakness in the Technology sector led the index lower following disappointing guidance by Nvidia Corp. and Applied Materials Inc. Rebounding on registering the day’s low at 2833.73 (more…)
