Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/07” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Easing of recession jitters following a surprise big jump in December jobs data, lifted sectors across the board with a wild price action. The worst performing sectors last week were the (more…)
It’s Non-Farm Payrolls Friday! Add Fed speeches, US-China Trade Talk Headlines – Wild Moves Ahead! Our medium-term models continued the winning streak yesterday by booking 47.53 S&P 500 index points in profits, and our aggressive intraday models booked 33.50 points in profits, simply by following mechanical trading using the pre-defined entry and exit points as (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/04” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Reaffirming fears of a global recession, Apple Inc. slashed its revenue outlook citing slowing Chinese demand and sparking a dramatic sell-off within the Technology sector. Panicked investors continued pilling up on (more…)
Apple, Soured In China! Our medium-term models rang the 2019 trading year by booking 13.75 S&P 500 index points in profits, and our aggressive intraday models booked 14.75 points in profits, simply by following mechanical trading using the pre-defined entry and exit points as published in our trading plan before the markets opened. We wrote (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/03” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Following the worst trading year since Financial Crisis of 2008 and the worst December since the Great Depression, S&P 500 index opened the new trading year on a bearish note with (more…)
The Bear Feeding on China’s Economy (hurt by U.S. tariffs) and Getting Stronger Our models (both the medium-term as well as the aggressive intraday models) closed the year 2018 by booking +112 points in profits on the last day, Monday 12/31, simply by following mechanical trading using the pre-defined entry and exit points as published (more…)
Market Volatility to Continue Into the New Year As pointed to in our Friday’s forecast: the year-end window dressing, tax-loss harvesting, dollar cost averaging, and fresh month/year systematic investing flows…there are many structural twists and turns that are going to make the markets continue the roller coaster ride into the next couple of weeks. (more…)
If Your Stomach Churns, You Should Avoid Rollercoaster Rides! As pointed to in our yesterday’s forecast, our models indicated a broad range of 2350-2485 as the trading range to monitor. The S&P 500 Index closed just under four points above the upper bound of this range in a wild spike up in the last (more…)
Do You Call a 0.28 Point Gain A Santa “Rally”?! Check the numbers before you believe the (expected) hype/emotion that yesterday’s historic intraday rally instigated all around about the “Santa rally” coming to the markets albeit a bit late! The S&P 500 Index closed at 2467.42 exactly one week back – last Thursday, 12/20. (more…)
Will the Story of 2019 be called “The Grinch Who Stole the New Year”? The Grinch who stole the 2018 Christmas is likely to keep dancing his way into the New Year. Our Models indicate NOT to trust the deadcat bounces likely to appear on the markets over the next few sessions remaining in 2018. (more…)
