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…)
Results of Published Model Entries and Exits for Tuesday 05/14 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 Wednesday, 05/15” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Optimism over a possible resolution of the long-drawn-out U.S. – China tariff spat following positive comments from both disputing side helped the S&P 500 index to partially erase Monday’s steep losses. Investors bought (more…)
The Bulls are Down Exhausted and the Bears are Celebrating – for Now The damage to the market bulls from the trade war’s backfiring leaves the bears emerging out into the open. Yet, the path ahead for the markets is not necessarily clear in the directional bias – both sides have to tread cautiously and (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 05/14” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) China’s retaliatory move of raising tariffs on $60 billion worth of U.S. imports by as much as 25% sent the S&P 500 index tumbling in its worst day in 2019. Investors sold-off riskier (more…)
Results of Published Model Entries and Exits for Monday 05/13 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…)
The Potential Trade War Fiasco Emboldening the Bears The tightly wound-up markets looks to be beginning to unravel today. Nevertheless, be on the high alert for swift and violent moves in both directions – unless you are a professional or veteran trader, better to sit on the sidelines for today. Leave enough room to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 05/13” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) A strong late session rebound helped the S&P 500 to snap a 4-day losing streak. Intense selling resumed in the early session after President Trump raised tariffs on $200 billion worth of Chinese (more…)
Results of Published Model Entries and Exits for Friday 05/10 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…)
