With the Bear Beaten Down, the Resting Bull Ready to Run Again? Our S&P 500 Forecast and Trading Plans for Tue, 09/18 stated: “The models would go long on a break above 2903, and go short below 2885 – both with a 6-point trailing stop” (to verify this claim click here for the full forecast published) Accordingly, our (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/19” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Shrugging off the escalating trade rhetoric, the S&P 500 index rebounded from yesterday’s pull back. Technology stocks bounced back to lead the index higher. However, lacking any major catalyst, the all-time (more…)
The GapUp from Thursday (the focus of our models’ forecasts since the gapup) Is Filled – Now, What? Our S&P 500 Forecast and Trading Plans for Fri, 09/14 as well as Mon, 09/17 repeatedly headlined the gapup on Thursday and emphasized that it needed to be filled before any directional bias would emerge in the (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/18” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Weighed down by trade tensions, the S&P 500 index pulled back from its 5-day winning streak, falling back within the trading range it was confined to for a while. Opening lower (more…)
GapUp of Thursday – Bulls’ Score or Bull Trap? Our intraday models’ trading plan for Thu, 09/14, published before the markets opened, stated: “The index yesterday started the regular session with a gap up much above this 2895 level with a close of 2904.18, but our models are not embracing a bullish bias on this (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 09/17” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Technology rebound led the S&P 500 index higher to register its best week in two months, further fueled by trade optimism. A five-day winning streak lifted the index to near a (more…)
GapUp of Yesterday – Bulls’ Score or Bull Trap? Our intraday models’ trading plan for Thu, 09/13, published before the markets opened, stated: “For today’s regular session, the medium term models indicate an “indeterminate” bias and waiting for a daily close above 2893 or below 2863 to take any directional trades” (click here to read the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 09/14” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Gapping higher at the open on the back of falling yields, the S&P 500 index managed to maintain the day’s gains as Technology stocks rebounded from the previous session’s slump. Gains, (more…)
The New Battle for Territory Continues – Day 4 Our intraday models’ trading plan for Wed, 09/12, published before the markets opened, stated: “For today’s regular session, the medium term models indicate an “indeterminate” bias and waiting for a daily close above 2893 or below 2863 to take any directional trades” (click here to read the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 09/13” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) With no major catalyst to catapult it above the all-time highs registered in the last week of August, the S&P 500 index continues to be range bound, finding a strong support (more…)
