The Whipsaw Moves to Continue 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 for yesterday. True to our models’ cautions, the much (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/14” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index erased its early session’s attempt to rebound as Energy sector fell for the fourth straight session with oil prices falling to December lows. Technology stocks also attempted (more…)
Wounded Bull, Dancing Bear – No Dominance For Anyone, Yet! How would you like a forecast that gave you clear entry and exit points BEFORE the markets opened yesterday, and booked you profits of 56.50 points in spite of the market rout that ensued? Hard to find such forecasts/newsletters! Well, our readers just witnessed such (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/13” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) A dramatic sell-off in Technology stocks led the broader S&P 500 index lower for the third session in a row after. Apple Inc. and its suppliers fell sharply after one of (more…)
NO BULL, NO BEAR – Markets Waiting for A Directional Bias to Emerge post-Midterm! 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 continue to reiterate that (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/12” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Mirroring global equity markets sell-off, the S&P 500 index extended its slide falling sharply at the open as oil prices fell further into the bear market. China’s weaker-than-expected Producer Price Index (more…)
Not So Fast! Our forecast published yetserday still applicable today. The key words to emphasize: “… and, hence everyone is predicting the usual “post mid-term” rally in the markets. But…given the key technical levels the markets have been testing, and the confluence of multiple cyclical things at play, our models are waving caution against declaring a bull (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/09” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Pulling back from the previous session’s strong post-election relief rally, the S&P 500 index ended its three-day winning streak as investors turned their attention to FOMC policy statement release looking for (more…)
Imminent Washington Dysfunction – Freedom or Chaos for Businesses? With the legislature now split between the Republicans and the Democrats, the certain thing is that there is going to be legislative gridlock and dysfunction in Washington, DC. Lack of forceful and clear legislation has always been a good thing for businesses – generally speaking – (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/08” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The closely watched midterm elections concluded with the Democrats taking control of the U.S. House of Representations and Republicans retaining control of the Senate. While the result was highly expected, a (more…)
