Testing the Next Peak? In the overnight futures market, the S&P 500 Index appears poised to test the key levels we published in the forecast from Tue 02/26: “The S&P 500 Index failed to follow through on the break above the key 2813.62 level (78.6 Fibonacci retracement of the July highs to January lows move). The (more…)
Results of Published Model Entries and Exits for Friday 03/01 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 Monday, 03/04” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Logging a fifth consecutive weekly gain the S&P 500 index closed Friday’s session higher for the first time in four days. Opening higher on renewed trade optimism, the index was pulled (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 02/04” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Powered by better-than-expected earnings and a dovish Fed, the S&P 500 index closed the week with a decent 1.57% gain over previous week’s close. A surprise jump in NFP (Non-Farm Payroll) (more…)
Results of Published Model Entries and Exits for Friday 02/01 Per the plans published in the morning today, our medium-term models kicked off the new trading month with a yield of 3.54 index points in gains on four long trades, and our aggressive models netted 8.67 index points in losses on four long trades.The increased (more…)
NFP Exuberance Adding to the Earnings Euphoria! Markets Feeling Giddy, Yet? NonFarm Payrolls just crushed the estimates and the index futures are flirting with overnight highs, albeit not pierced them yet. The headlines could add to the exuberance (irrational, yet? Need to ask Greenspan) already pervading the markets based on this week’s earnings beats (on (more…)
Results of Published Model Entries and Exits for Thursday 01/31 Per the plans published in the morning today, our medium-term models yielded 6.95 index points in gains on one long trade, and our aggressive models resulted in 19.95 index points in gains on one long trade.With this, our models are closing out the month of (more…)
Earnings Euphoria to Power the Markets Ahead! Is It Sustainable? Facebook and Boeing are just a couple of names to beat the estimates. Couple with this the dovish Fed, and lack of any major geopolitical news (notwithstanding Venezuela), and we can see why the markets are acting giddy with euphoria! Unless something totally unexpected pops (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/31” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Buoyed by strong earnings from Boeing Co and Apple Inc., the S&P 500 jumped higher at the open. Maintaining gains ahead of the keenly awaited news conference of Fed Chairman Jerome (more…)
