Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Monday, 08/06” will be posted by 7:30am/8:00am EDT, Monday. THE GIST (“THE WHAT”) Upbeat earnings took center stage once again, as investors largely ignored escalating trade tensions in the background. The S&P 500 index opened higher as investors found refuge in modest jobs data (more…)
Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Thursday stated: “For Thursday, the medium term models indicate a broad range of 2835-2795 band as the pivot for any trades” (click here to read/verify this claim). The index reached a low of 2796.34 (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Friday, 08/03” will be posted by 7:30am/8:00am EDT, Friday. THE GIST (“THE WHAT”) With the U.S. – China trade spat back to the fore, the S&P 500 index opened the session significantly lower. Opening below the 20 DMA (now at 2806.53) and registering (more…)
Avoid Getting Whipsawed by Range-bound, Choppy Trading! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision came and went causing a lot of volatility but no real sustainable move in either direction! The S&P 500 Index essentially closed right in the middle of the trading range that our medium term models forecast, published Tuesday (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/02” will be posted by 7:30am/8:00am EDT, Thursday. THE GIST (“THE WHAT”) Powered by Apple Inc.’s strong earnings, the S&P 500 index was lifted higher at the open. Registering the day’s high at 2825.83 (flirting with the upper bound of a choppy trading (more…)
On Wednesday, It’s All About the Interest Rates, Trader! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision is due on Wednesday at 2pm EDT. This release is expected to drive the major market moves for the day and the rest of this week. Caution is advised when opening positions in either direction, (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wed, 08/01” will be posted Tue, 07/31 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 rebounded from a three-day streak of a Technology-led slump, supported by a rally in the Industrials as trade war concerns eased. Opening (more…)
Three Aggressive Intraday Trades So Far – Tuesday, 07/31/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Tuesday – published Monday night – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details) Medium-term/long-term Models Published Trading Plan: “For Tuesday, (more…)
The Bull-Bear Battle In the Shadows of The Economic Releases this Whole Week Our S&P 500 Index forecast for Friday (07/27/18) – published Thursday night – stated: “…If the index closes between 2840 and 2820, it would indicate consolidation of the bullishness. A close below 2810 would negate the current bullish strength” (click here to (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tue, 07/31” will be posted Mon, 07/30 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Falling for the third straight day as big cap FANG stocks extend their Facebook and Twitter induced sell-off, the S&P 500 index closed near session (more…)
