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…)
Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal! The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 08/09” will be posted by 7:30am/8:00am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index took a pause after reaching a striking distance from its all-time highs, pulling back at the open as China retaliated with threats of new round of tariffs (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – WED 08/08: 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 long – bought at 2862.25 – with the 10-point trailing stop’s trigger set at 2853.43. For Wednesday’s regular session, (more…)
Day 4: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Reveal! As per our Intraday Update yesterday, Tuesday 08/07, our medium-term models are sitting on a long position entered at 2862.25, with a 10-point trailing stop with the stop trigger anchored at 2853.43; our intraday aggressive models (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 08/08” will be posted by 7:30am/8:00am EDT, Wednesday. THE GIST (“THE WHAT”) Grinding towards its all-time peak, the S&P 500 index moved solidly higher for the fourth straight session. With no big story on trade war front, strong earnings took center stage at (more…)
Model Positions Based on The Forecast/Trading Plan Published Before the Market Open – TUE 08/07: 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 Tuesday’s regular session, the medium term models indicate going long on a break above of 2852 from below. If the market opens (more…)
Day 3: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Decide! Our forecast for the S&P 500 Index for yesterday, Monday, stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/07” will be posted by 7:30am/8:00am EDT, Tuesday. THE GIST (“THE WHAT”) Trading lower at the open as investors digested the intensified trade spat between the U.S. and China during the weekend, the S&P 500 index rebounded on registering the day’s low at (more…)
Aggressive Intraday Models Entered Long – Mon 08/06 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Monday, 08/06- published Monday morning, before the regular open – 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 (more…)
