Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wed, 07/25” will be posted Tue, 07/24 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened the session with significant gains as Technology and Financial stocks rallied at the open on the back of upbeat quarterly (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The forecast mentioned using the daily close for any new positions by the medium-term models. Hence, there would be no positions initiated (more…)
Consecutive Three Days of Tug-of-War! Advantage Bulls! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tue, 07/24” will be posted Mon, 07/23 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening lower following a war of words between President Trump and the Iranian counterpart Hassan Rouhani on Sunday evening, the S&P 500 index gained a (more…)
A Weakening/Tired Bull? Monday’s Close to Confirm! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Mon, 07/23” will be posted Sunday, 07/22 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening flat in Friday’s session, the S&P 500 was pulled back following an early morning tweet by President Trump criticizing the European Union and China (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The forecast mentioned: “Medium-term models indicate a bullish bias while the index is above 2804. No short trade indicated until all (more…)
Market Reaching an Imminent Inflection Point – Day 3 Our S&P 500 Index forecast for today (Thursday) – published on Wednesday night – stated: “The index has to close below 2804 to cause any slowdown of the bulls!”. Staying true to the story of the last many days, the index did indeed track this – (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/20” will be posted Thursday, 07/19 night – please check back around 10:30pm/11pm EDT.THE GIST (“THE WHAT”) The S&P 500 index fell lower at the open on renewed trade war concerns after President Trump reiterated his commitment to raise tariffs if the European (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The trailing stop triggered at 2808 and the long position was sold for a 2.5 point loss (entered at 2810.50). Currently (more…)
