Today’s ISM Data to Help The Restless Bull Break Out? Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on Monday, 10/01! (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/03” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Lacking any major catalyst and weighed down by lingering U.S. – China trade policy uncertainties, the S&P 500 index extended its choppy and range-bound trading, closing the session flat at 2923.43, (more…)
Bulls Waiting for a Catalyst to Break Out of the Range-bound Trading! Despite the news headlines including the “new-NAFTA”, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and into the morning session, the S&P 500 Index could not break out of the range our models indicated on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 10/02” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) In an unexpected move, the U.S. and Canada announced a new revised deal late Sunday to replace NAFTA, renamed as United States-Mexico-Canada Agreement (USMCA). Opening the month and the quarter higher (more…)
New-NAFTA, Tesla Settlement, GE New CEO…Caution to Bulls Until the Range Is Broken Out of! Despite the news headlines including new-NAFTA, Tesla’s settlement with the SEC, new CEO at GE lifting the markets in the overnight futures and likely into the morning session, our models indicate caution to bulls until the recent range is broken (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 10/01” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Mirroring the European market sell-off, the S&P 500 index opened lower, but soon gained an upward momentum following a bag of mixed economic data and a rally in chip stocks. The (more…)
Until a Major Catalyst Shakes It Up, Market Is Stuck in Range-bound Trading S&P 500 Index trading plans of our aggressive, intraday models – published before market open yesterday – stated: “The trigger of the trailing stop is currently anchored at 2909.28, which would lock in a profit of about 4 points if filled” (on (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/28” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) With no major news headline on trade front, the index rebounded from its 4-day losing streak on the back of rising tech stocks, albeit remaining range bound with no major catalyst (more…)
Mostly Geopolitical Headlines’ Noise to Drive the Markets until Next Major Catalyst! Our Models Entering Into a Neutral Bias. Our S&P 500 Index aggressive, intraday models’ Trading Plans for Wed, 09/26 – published before the markets opened – stated: “For today’s regular session, aggressive intraday models are indicating going long above 2936 or going short (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/27” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Opening on a positive note, the S&P 500 index held on to modest gains ahead of the keenly awaited FOMC policy decision. The gains were erased after the Federal Reserve increased (more…)
