The Market Bull Stood Its Ground Even With the Facebook Fiasco! Any Fight Still Left for Friday? Our S&P 500 Index forecast for Thursday (07/26/18) – published Wednesday night – stated: “For Thursday, 07/26, if the index closes above 2835, it would indicate accelerating bullishness in the market and the index would likely be testing (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/27” will be posted Thursday, 07/26 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened sharply lower after the disappointing quarterly result of closely watched Facebook Inc. dented investor confidence at the open. A dramatic (more…)
Model Positions – Thursday, 07/26/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Thursday – published Wednesday night – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details) Medium-term/long-term Models Published Trading Plan: “For Thursday’s regular session, medium-term models (more…)
Earnings to Further Feed or Trip The Bulls on Thursday? Our S&P 500 Index forecast for Wednesday (07/25/18) – published Tuesday night – stated: “Indications are for continued bullishness in the markets while the index is above 2810. For Wednesday 07/25, if the index closes above 2830, it would indicate accelerating bullishness in the market.” (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 07/26” will be posted Wed, 07/25 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Gaining solidly for the third straight day and driven primarily by strong quarterly earnings, the index closed near January 25 highs at 2846.07, up 25.67 (more…)
Model Positions – Wednesday, 07/25/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Wednesday – published Tuesday night – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details) Medium-term/long-term Models Published Trading Plan: “For Wednesday, medium-term models indicate (more…)
Earnings to Continue to Feed the Bulls to Further Strength? Out S&P 500 Index forecast for Tuesday (07/23/18) – published Monday night – stated: “For Tuesday 07/24, if the index closes above 2816, it would indicate recovering bullishness in the market” (click here to read/verify this statement). The index closed at 2820.40 – above the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wed, 07/25” will be posted Tue, 07/24 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened the session with significant gains as Technology and Financial stocks rallied at the open on the back of upbeat quarterly (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The forecast mentioned using the daily close for any new positions by the medium-term models. Hence, there would be no positions initiated (more…)
Consecutive Three Days of Tug-of-War! Advantage Bulls! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
