Bull Consolidation Week? Day 2 Our S&P 500 Index forecast for yesterday, Tue 09/04, stated: “Models indicate that there is no risk to the current bull run while the index is above 2885″ (click here to read the full text to verify this claim). The index indeed followed this with the session’s low registered at (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 09/05” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) The S&P 500 index opened the month of September on a weaker note as investors keep a close watch on the latest developments on trade negotiations between the U.S. and Canada. (more…)
Bull Consolidation Week? Day 1 Our S&P 500 Index intraday models’ indicated on Friday, 08/31, that they see bull consolidation ahead. And, the index indeed did not have much movement that day, and it closed just 0.39 points above previous day’s close. Considering the runaway bullish action in the last couple of weeks, trade-tensions notwithstanding, the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 09/04” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Primarily driven by trade news, the S&P 500 index closed yet another week with strong gains. Economic strength and strong quarterly corporate performance helped the S&P 500 index to recover from (more…)
Bull Consolidation ahead, as the NAFTA Drama Climaxes and New Trade Tensions get Stoked? Our intraday models have closed our second profitable trade (out of the two trades taken) this week, on top of a double digit point profit trade this week, which was preceded by a double digit point profit trade closed last week! (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/31” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Taking a breather from a historical rally that lifted it to record highs, the S&P 500 index pulled back after trade war concerns were revived following news that President Trump intends (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/30” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Riding on trade optimism and strong economic data, the S&P 500 closed at record highs for the fourth day in a row. In an attempt to resolve the long ongoing trade (more…)
It’s the Bulls’ Territory with No Bear in Sight (Note: Due to some technical issues with our algo servers, this forecast for Wednesday’s market session is being published late – around 10:10am, about 40 minutes AFTER the market open. We will continue to publish the forecasts BEFORE the market opens as has been the norm (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/29” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Charting new highs for the third straight session, the S&P 500 index crossed the 2900 mark for the first time, buoyed by Jerome Powell’s positive economic outlook last week coupled with (more…)
