For the Markets, It’s China front-center-left-and-right…For Now While US-China trade talks have been at the center of the market moving headlines for the last week, it may as quickly be replaced by something else on a whim (FOMC meeting minutes this Wednesday). But, until then, expect China headlines to dominate the market sentiment “explanations”. Caution (more…)
Results of Published Model Entries and Exits for Friday 05/17 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 05/20” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Snapping a 3-day winning streak, the S&P 500 index closed lower, albeit mostly recovering from the early week’s slump on escalating fears of a fully blown trade war between U.S. and China. Opening (more…)
Markets Running Out of the Benefit-of-doubt Bandwidth? Most of the supporters have been affording this administration a lot of benefit of doubt for every “strategic move” unveiled through Twitter on trade policy. But, when people’s wallets are hurting, their patience and willingness to forgive the roller coaster rides that ensue twitter tantrums will run out (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 05/17” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Building on Wednesday’s rally, the S&P 500 index closed higher for the third straight session buoyed by better-than-expected economic data, coupled with strong earnings by Walmart Inc. and Cisco Systems Inc. Brushing aside (more…)
Results of Published Model Entries and Exits for Thursday 05/16 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to (more…)
Bull-Bear Dog Fight to Continue With the bears out in the open and the bulls trying to defend their territory, expect a dog fight between the two sides until the market falls in one-side’s territory decisively. As of now, the market has gotten out of the bull’s territory but is not in the bear territory, (more…)
Results of Published Model Entries and Exits for Wednesday 05/15 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 05/16” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Weaker-than-expected retail and industrial data out of the U.S. and China reignited fears of a global recession in the wake of escalating trade tensions, eroding confidence at the open. However, reports that the (more…)
The Lurking Bear is Now Out In the Open The economic numbers today have brought the lurking bear finally out in the open. Yet, the path ahead for the bears is not necessarily smooth and our models are still “cautious” about the bearish bias until a daily close below 2895 is registered. Extreme caution is (more…)
