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…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/21” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Opening the week on a positive note, the S&P 500 index extended gains for the third straight day. Announcement of a couple of billion dollar deals and rising commodities and oil (more…)
Imminent New Record Highs? 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 is going to be the US-China trade talks this week. S&P 500 Index seems poised to take advantage of (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/20” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Opening the session flat, weakness in the Technology sector led the index lower following disappointing guidance by Nvidia Corp. and Applied Materials Inc. Rebounding on registering the day’s low at 2833.73 (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – FRI 08/17: Medium-term/long-term Investors Forecast/Trading Plan: The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point trailing stop. No bearish bias until all (more…)
Race to New Highs or YoYo Day-3? The overnight S&P 500 Index e-mini futures market is not doing much, other than showing some “profit taking” (?) on yesterday’s strong move. No major news headlines seem to be swirling the markets (at least, not yet, as of 8:30am EDT). No major economic releases scheduled other than (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/17” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Rebounding from Wednesday’s sharp sell-off, the S&P 500 index bounced back following overnight news of U.S. and China’s plans to resume their stalled trade talks next week. The Emerging Markets currency (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – THU 08/16: Medium-term/long-term Investors Forecast/Trading Plan: The trading plan published this morning stated: “For today’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point trailing stop. No bearish bias until all (more…)
Is the Retail Money Chasing the YoYo Up-and-Down and Getting Whipsawed? In the overnight S&P 500 Index futures market, the geopolitical events involving Turkey’s Lira seems to have faded into the background, the US-China trade war seems to see some “truce” potential (can you count how many times you have read this in the news (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/16” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Plunging oil prices, coupled with a sharp decline in metal prices dragged the S&P 500 index sharply lower at the open. Disappointing earnings from Macy’s Inc. and Chinese tech-giant Tencent Holdings (more…)
