Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – FRI 08/17: Medium-term/long-term Investors Forecast/Trading Plan: The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point trailing stop. No bearish bias until all (more…)
Race to New Highs or YoYo Day-3? The overnight S&P 500 Index e-mini futures market is not doing much, other than showing some “profit taking” (?) on yesterday’s strong move. No major news headlines seem to be swirling the markets (at least, not yet, as of 8:30am EDT). No major economic releases scheduled other than (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/17” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Rebounding from Wednesday’s sharp sell-off, the S&P 500 index bounced back following overnight news of U.S. and China’s plans to resume their stalled trade talks next week. The Emerging Markets currency (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – THU 08/16: Medium-term/long-term Investors Forecast/Trading Plan: The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point trailing stop. No bearish bias until all (more…)
Is the Retail Money Chasing the YoYo Up-and-Down and Getting Whipsawed? In the overnight S&P 500 Index futures market, the geopolitical events involving Turkey’s Lira seems to have faded into the background, the US-China trade war seems to see some “truce” potential (can you count how many times you have read this in the news (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/16” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Plunging oil prices, coupled with a sharp decline in metal prices dragged the S&P 500 index sharply lower at the open. Disappointing earnings from Macy’s Inc. and Chinese tech-giant Tencent Holdings (more…)
The Smart Money Playing YoYo With the Markets? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short the index unless key support (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/15” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong earnings came to the rescue once again, boosting optimism at the open and lifting the index higher as the Turkish crisis eased and the Lira gained some of its lost (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – TUE 08/14: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point (more…)
With No Catalysts in Sight, Market Likely Stuck and Not Going Anywhere Fast? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short (more…)
