Bull Consolidation or Bear Emergence? 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 read/verify this claim). Friday, the index closed at (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Mon, 07/30” will be posted Sun, 07/29 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Technology stocks extended their slide, weighing down on the S&P 500 index for the second straight day, overshadowing optimism following strong GDP data. Twitter released (more…)
Model Positions – Friday, 07/27/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Friday – published Thursday 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 Friday, the medium term models (more…)
The Market Bull Stood Its Ground Even With the Facebook Fiasco! Any Fight Still Left for Friday? Our S&P 500 Index forecast for Thursday (07/26/18) – published Wednesday night – stated: “For Thursday, 07/26, if the index closes above 2835, it would indicate accelerating bullishness in the market and the index would likely be testing (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/27” will be posted Thursday, 07/26 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened sharply lower after the disappointing quarterly result of closely watched Facebook Inc. dented investor confidence at the open. A dramatic (more…)
Model Positions – Thursday, 07/26/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Thursday – published Wednesday 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 Thursday’s regular session, medium-term models (more…)
Earnings to Further Feed or Trip The Bulls on Thursday? Our S&P 500 Index forecast for Wednesday (07/25/18) – published Tuesday night – stated: “Indications are for continued bullishness in the markets while the index is above 2810. For Wednesday 07/25, if the index closes above 2830, it would indicate accelerating bullishness in the market.” (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 07/26” will be posted Wed, 07/25 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Gaining solidly for the third straight day and driven primarily by strong quarterly earnings, the index closed near January 25 highs at 2846.07, up 25.67 (more…)
Model Positions – Wednesday, 07/25/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Wednesday – published Tuesday 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 Wednesday, medium-term models indicate (more…)
Earnings to Continue to Feed the Bulls to Further Strength? Out S&P 500 Index forecast for Tuesday (07/23/18) – published Monday night – stated: “For Tuesday 07/24, if the index closes above 2816, it would indicate recovering bullishness in the market” (click here to read/verify this statement). The index closed at 2820.40 – above the (more…)
