Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 05/01” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index managed to eke out slight gains to close at fresh all-time high for the third consecutive session as strong gains in defensive sectors helped offset major declines in Communication (more…)
With the all-time Intraday High Broken, Bulls to Take a Breather? CPI, ISM, and FOMC coming up ahead this week, and with the all-time intraday highs already broken yesterday, the markets might have risen too high too fast. As we pondered yesterday, “When (not if) the new highs are established, would the markets pause or (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 04/29” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The busiest week of earnings and economic data opened on a positive note with the S&P 500 index logging a new record high daily close. Stronger-than-expected U.S. consumer spending data coupled with a (more…)
Results of Published Model Entries and Exits for Monday 04/29 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…)
PCE Core this Morning Points to No Inflation – FOMC Rate Decision a Given and Irrelevant This Week? The USD PCE Core released this morning points to no traces of inflation, potentially rendering the FOMC Rate Decision this Wednesday almost a given. With two record closes last week on the S&P 500 Index, the chances (more…)
Results of Published Model Entries and Exits for Friday 04/26 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…)
Strong GDP Numbers to Help the Markets Scale New Highs Today? We wrote yesterday’s morning “Only some unexpectedly bullish earnings headlines can make this possible”. This morning’s (much) stronger than expected GDP numbers could play that role opening the all time intraday high of 2940.91 for an attack today. If we indeed break the all-time (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 04/26” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 struggled to break above the all-time highs, closing mostly flat at 2926.17, down only 1.08 points over previous session’s close. Today’s choppy price action was primarily driven by earnings hits (more…)
Results of Published Model Entries and Exits for Thursday 04/25 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…)
Still Trying for New Highs? While the S&P 500 Index has registered a record daily close this week, the intra-day high record is yet to be broken. Only some unexpectedly bullish earnings headlines can make this possible. Based on the post-daily-record action so far, our models are not betting on it but are taking a (more…)
