Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/14” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) The S&P 500 index rose modestly higher at the open led by a rally in Nielsen Holdings and tech-giants Apple Inc. and Twitter Inc. The index however reversed early gains as (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – MON 08/13: 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 Monday’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point (more…)
Day 4 of Geopolitical Events and Currency Markets? Don’t Jump the Gun…Especially if Shorting! In our forecast for Friday, 08/10, we wrote regarding the Turkey’s currency crisis: “How well and how fast this crisis is contained (fully or limited to just Turkey) is going to be the main factor that would determine the probability of (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/13” will be posted by 7:30am/8:00am EDT, Monday. THE GIST (“THE WHAT”) Ending its long winning streak of five weeks, the S&P 500 index plunged at the open mirroring European markets that tumbled alongside a record weakness in Turkish Lira on concerns of (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – FRI 08/10: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “The models are currently flat (no positions) and are waiting for a break out to go long. For Friday’s regular session, the medium (more…)
Day 6: The Main Story Driving The US Equity Markets this Morning – Geopolitical Events and Currency Markets! In our forecast for yesterday, Thursday, we wrote: “The only thing that can thwart this journey to another all-time high is potential geopolitical news which may prove highly negative for the markets. Barring any such developments, the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/10” will be posted by 7:30am/8:00am EDT, Friday. THE GIST (“THE WHAT”) With the second quarterly earnings season nearing an end, the S&P 500 index struggled to re-test the very strong resistance now found at its all-time high. Trading in a very tight (more…)
Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal! The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/09” will be posted by 7:30am/8:00am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index took a pause after reaching a striking distance from its all-time highs, pulling back at the open as China retaliated with threats of new round of tariffs (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – WED 08/08: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “The models are currently long – bought at 2862.25 – with the 10-point trailing stop’s trigger set at 2853.43. For Wednesday’s regular session, (more…)
