Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tue, 07/24” will be posted Mon, 07/23 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening lower following a war of words between President Trump and the Iranian counterpart Hassan Rouhani on Sunday evening, the S&P 500 index gained a (more…)
A Weakening/Tired Bull? Monday’s Close to Confirm! 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…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Mon, 07/23” will be posted Sunday, 07/22 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening flat in Friday’s session, the S&P 500 was pulled back following an early morning tweet by President Trump criticizing the European Union and China (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: “Medium-term models indicate a bullish bias while the index is above 2804. No short trade indicated until all (more…)
Market Reaching an Imminent Inflection Point – Day 3 Our S&P 500 Index forecast for today (Thursday) – published on Wednesday night – stated: “The index has to close below 2804 to cause any slowdown of the bulls!”. Staying true to the story of the last many days, the index did indeed track this – (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/20” will be posted Thursday, 07/19 night – please check back around 10:30pm/11pm EDT.THE GIST (“THE WHAT”) The S&P 500 index fell lower at the open on renewed trade war concerns after President Trump reiterated his commitment to raise tariffs if the European (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 trailing stop triggered at 2808 and the long position was sold for a 2.5 point loss (entered at 2810.50). Currently (more…)
Market Reaching an Imminent Inflection Point – Day 2 Monday night, we published this S&P 500 Index forecast for Tuesday: “For Tuesday, 07/17, the models point to a continuation of the bull consolidation, within the broad 2775-2810 band.” (click here to read this report/verify this claim) – and, the market today closed at 2809.55, just (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Thu, 07/19” will be posted Wed, 07/18 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Better-than-expected earnings results drove the S&P 500 index to the levels last seen in January. Opening lower ahead of the Federal Reserve Chairman Jerome Powell’s second (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), our models are currently long (bought) and have trailing stops placed. As of the writing of this (@2:45pm EDT), the index posted a session low of 2805.89 and a session high (more…)
