It’s a Bear Territory – Do Not Get Into Bulltraps with Deadcat Bounce Moves Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge. Our models (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/21” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Extending losses, the index gave up its year-to-date gains amid a major technology sell-off. Disappointing earnings and gloomier outlook by Target Corp., Kohl’s Corp. and L Brands Inc. renewed concerns of (more…)
Bears Testing the Key Support Level at 2685 – Watch out for Volatility Spurt/Squeeze in The Dog Fight likely to Ensue Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! Yes, not bad for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/20” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Intense selling in Technology, Communication Services and Consumer Discretionary sectors led by the once beloved FAANG stocks dragged the S&P 500 index sharply lower to close below the psychologically important 2700 (more…)
Be Cautious When Trading this Market – It’s a Chopping Board! Over the last week’s five trading days, our models have booked an aggregate profits of 137.75 points on the S&P 500 Index! Not bad for forecasts that publish clear entry and exit points before the market opens! Thank you for all the readers who (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/19” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Primarily driven by trade optimism, the S&P 500 index extended gains for the second day in a row, albeit ending the week sharply lower amid intense sell-off in Technology and Energy (more…)
Whipsaw, Choppy, Sideways…this Market Is Anything But Directional! Do not Get Trapped on Either Side! While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/16” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a five-day losing streak, the S&P 500 index bounced back alongside a recovery in Technology stocks. Oil prices extended their gains, further supporting the day’s gains. Opening (more…)
No Bullish Strength – Be Cautious About False Spikes Up While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” bias immediately after the midterms. (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/15” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) A wild price action led the S&P 500 index to register five straight days of declines as Apple Inc., the largest stock by market cap remains under pressure amid stock downgrades (more…)
