Any Major Surprises to the Market Bull this Earnings Season? As the earnings to start to trickle down, all indications in our models point to the probability that the markets are going to consolidate the recent bullish leg and then extend it to new highs in the coming weeks – barring any major negative surprises (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 04/15” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Robust results posted by JP Morgan Chase & Co set a positive tone for the corporate earnings season, lifting the S&P 500 index above the consolidation range it was confined to and closing (more…)
Results of Published Model Entries and Exits for Friday 04/12 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 any (more…)
A Positive Start for the Earnings Season! The positive earnings from JP Morgan kicking off the season bodes well for the next bull leg on the horizon! Nothing more needs to be said here.As been advising here for the last many days, extreme caution should be exercised if shorting this market while the SPX is (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 04/12” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index was unchanged for the day as investors brace for the first quarterly earnings season to be officially kick started by major banks tomorrow. Price action and trading volume remains (more…)
Results of Published Model Entries and Exits for Thursday 04/11 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 any (more…)
Traders Waiting for a Catalyst to Push the Markets Up/Down With the major economic releases for the week and the FOMC meeting minutes out of the way, markets are listless and looking for a thrust to move out of the consolidation range of the last few days. Once the earnings releases start pouring in, there (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 04/11” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Resuming its rally after a brief pause in the previous session, the S&P 500 index closed higher, moving 1.82% closer to September’s record all-time highs. Trading on a muted volume ahead of the (more…)
Results of Published Model Entries and Exits for Wednesday 04/10 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 trade any (more…)
Can Fed Minutes Cause Concern to the Relaxing Bulls? The CPI came in higher than expected, the Fed has been vowing to take it easy on the interest rates. What does the Fed know that the markets don’t, yet? Is it something that can upset the current bull run? That’s the economic story line for (more…)
