This Bull Keeps Running Further and Farther! Investors Seem to Have No Choice but to Run With It Until It Drops! Our S&P 500 Index intraday models’ forecast and trading plan for Monday, 08/27, stated: “For today, Monday, the models would go long above 2878 and go short below 2750 – both with a tight, (more…)
This Bull Keeps Running Further and Further – No Stop in Sight? Our S&P 500 Index forecast for Friday, 08/24, stated: “A daily close above 2870 is needed – and, needed fast – for the current bull run to maintain momentum.” (click here for the full text of the forecast) The index did close comfortably above (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/27” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) The S&P 500 Index registered a record high once again, buoyed by strong earnings by Tech stocks and a relief rally in metal prices that edged up Materials stocks. Breaking through (more…)
This Friday: Crescendo of the Bulls or the Harbinger of the Bears? Our forecast of imminent new record highs this week has come true on Day 2 – on Tuesday – with the S&P 500 Index registering a new high of 2873.23. The financial markets have digested all the political headlines with poise and the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/24” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index extended losses for the second day in row as trade tensions took center stage once again after the U.S. and China slapped each other with tit-for-tat tariffs. (more…)
The Bull Run Not Really Dented Much – Just Bull Consolidation? Our forecast of imminent new record highs has come true on Day 2 – on Tuesday – with the S&P 500 Index registering a new high of 2873.23. The financial markets have digested all the political headlines with poise and the bulls have barely (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/23” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The U.S. stock market has registered its longest bullish run on record. The S&P 500 index however ended its four days streak of gains that had lifted the index higher to (more…)
Court Verdict, Guilty Plea and Implication, Raucous Rally, Fed Minutes…Enough to Spook the Markets? Our forecast of imminent new record highs has come true on Day 2 – yesterday – with the S&P 500 Index registering a new high of 2873.23. But, with the domestic political temperatures weathering(?), what otherwise could be a tsunami, with (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/22” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) With no major news headlines to dampen investors’ optimism, the S&P 500 index moved solidly higher to register new all-time highs for the first time since January 26, 2018. Strong economic (more…)
Imminent New Record Highs – Day 2? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines continue to be the US-China trade talks this week. S&P 500 Index seems poised to take (more…)
