Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/15” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Strong earnings came to the rescue once again, boosting optimism at the open and lifting the index higher as the Turkish crisis eased and the Lira gained some of its lost (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – TUE 08/14: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/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 (more…)
With No Catalysts in Sight, Market Likely Stuck and Not Going Anywhere Fast? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/14” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) The S&P 500 index rose modestly higher at the open led by a rally in Nielsen Holdings and tech-giants Apple Inc. and Twitter Inc. The index however reversed early gains as (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – MON 08/13: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “For Monday’s regular session, the medium term models indicate going long on a break above the index level of 2860, with a 10-point (more…)
Day 4 of Geopolitical Events and Currency Markets? Don’t Jump the Gun…Especially if Shorting! In our forecast for Friday, 08/10, we wrote regarding the Turkey’s currency crisis: “How well and how fast this crisis is contained (fully or limited to just Turkey) is going to be the main factor that would determine the probability of (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/13” will be posted by 7:30am/8:00am EDT, Monday. THE GIST (“THE WHAT”) Ending its long winning streak of five weeks, the S&P 500 index plunged at the open mirroring European markets that tumbled alongside a record weakness in Turkish Lira on concerns of (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – FRI 08/10: Medium-term/long-term Investors Forecast/Trading Plan: (click here to read the full report/trading plan) The trading plan published this morning stated: “The models are currently flat (no positions) and are waiting for a break out to go long. For Friday’s regular session, the medium (more…)
Day 6: The Main Story Driving The US Equity Markets this Morning – Geopolitical Events and Currency Markets! In our forecast for yesterday, Thursday, we wrote: “The only thing that can thwart this journey to another all-time high is potential geopolitical news which may prove highly negative for the markets. Barring any such developments, the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/10” will be posted by 7:30am/8:00am EDT, Friday. THE GIST (“THE WHAT”) With the second quarterly earnings season nearing an end, the S&P 500 index struggled to re-test the very strong resistance now found at its all-time high. Trading in a very tight (more…)
