Results of Published Model Entries and Exits for Wednesday 01/30 Per the plans published in the morning today, our medium-term models yielded 24.44 index points in gains on one long trade, and our aggressive models resulted in 0.67 index points in gains on two long trades.Below, you will find the detailed tracking of our models’ (more…)
Apple and FOMC – Main Drivers of Today’s Market Sentiment Apple’s earnings last night (“the worst is over”?), FOMC Interest Rates decision this afternoon, and the key technical levels to be the main drivers of the market action today. As we have been indicating since 01/09, the index is looking at strong resistance level around (more…)
Results of Published Model Entries and Exits for Tuesday 01/29 Per the plans published in the morning today, our medium-term models did not trigger any trades as the index traded within the bounds published. Our aggressive models triggered two short positions with 5.34 index points in losses.Below, you will find the detailed tracking of our (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/30” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With the earnings season kicking off in full swing, today’s market action was primarily driven by the latest batch of mixed earnings reports. Confidence remained capped ahead of Fed Chairman Jerome (more…)
Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/29” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) As investors brace for the busiest week of the earnings season, disappointing earnings by NVIDIA Corp and Caterpillar Inc. eroded confidence at the open after these two blue-chip companies warned of (more…)
Results of Published Model Entries and Exits for Monday 01/28 Per the plans published in the morning today, our medium-term models did not trigger any trades as the index traded within the bounds published. Our aggressive models triggered two short positions with 4.94 index points in profits. Below, you will find the detailed tracking of (more…)
Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)
Results of Published Model Entries and Exits for Friday 01/25 Per the plans published in the morning on Friday 01/25, our medium-term models as well as our aggressive intraday models did not trigger any trades as the index opened above the entry level and never traded below it to trigger any trades on the cross (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/28” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Stream of strong earnings continued throughout the week lifting the index higher and to recover from the slump experienced earlier in the week. Shrugging aside the trade concerns and fears of (more…)
