A Breather from Last Week’s Bear Attack? Our models point to potential breather today from the beating the markets took so far in December. However, models indicate caution against establishing any new, medium-term long positions as the bias is firmly bearish. Any spikes up could be followed by swift moves down, trapping any bulls that (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 12/7” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index resumed its intense selling, after news of the arrest of Meng Wanzhou, CFO of a Chinese telecom giant Huawei in Canada, at the behest of the U.S., (more…)
When You Can’t Explain What’s Going On…Stay On The Sidelines Until Clarity Emerges! The overnight volatility in the markets that led to a halt in the futures still remains inexplicable in the absence of any clear news that drove it! As our models forecast on Monday, 12/03, when the financial media headlines was touting hundreds (more…)
National Day of Mourning in Honor of Bush the 41 – U.S. Markets are Closed! The U.S. stock markets and treasury markets are closed on Wednesday to observe National Day of Mourning in Honor of George H.W. Bush, the 41st President of the nation. The markets will re-open tomorrow, Thursday, as per the regular schedule (9:30am (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 12/6” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Concerns of a slowing economic growth, coupled with skepticism over the temporary cease-fire between the U.S. and China spooked nervous investors, sparking a dramatic sell-off across most of the primary sectors (more…)
Let the Noise Settle! As mentioned in our yesterday’s forecast, our models are sporting an indeterminate bias and indicate staying out of the market today as well. They are looking for a daily close above 2804 for a bullish bias or a close below 2785 for the resumption of a mildly bearish bias. The key levels (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 12/4” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weekend news of a temporary trade truce between the U.S. and China at the closely watched G-20 Summit in Argentina lifted sentiment at the open. De-escalation of trade tensions boosted trade-dependent (more…)
US-China Meeting Weekend Preliminary Results Driving Wild Moves – Let the Noise Settle! As written in our Friday’s forecast, the US-China meeting has proved to be a big market mover over the weekend. All the markets (Stocks, Oil, Gold, Commodities, Currencies) have gapped significantly. Our models continue to sport the “indeterminate” bias and point to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 12/3” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Fueled by Federal Reserve Chairman Jerome Powell’s dovish comments and optimism ahead of the critical meeting between President Trump and his Chinese counterpart Xi Jinping, the S&P 500 logged its best (more…)
Month-end and Friday Options Expiration, US-China Meeting Weekend – Expect Heightened Volatility Today! It’s the month-end and Friday options expiration day, coupled with the highly anticipated US-China meeting over the weekend. Expect increased volumes and volatility today, especially during the “witching hour” (3pm-4pm EST). Our models continue to sport the “indeterminate” bias and point to standing (more…)
