Tired Bear and a Weak Bull – Who Will Gain Strength Tuesday? As speculated in our forecast for Monday – published Sunday afternoon – the S&P 500 Index has started the fourth week, after three of consecutive losing weeks – with some stoppage in the bleeding and a modest rise of 8.34 points (0.31%). The report (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tuesday, 07/03” – please check back later. S&P 500 TODAY – MONDAY 07/02 THE GIST (“THE WHAT”) The S&P 500 index opened the first trading day of the third quarter on a bearish note as trade jitters kept the global equity markets under pressure overnight. (more…)
INTRADAY ALERT – MON – MODEL POSITIONS UPDATE NOTE: The trading plans mentioned are all based on the published numbers – published earlier and can be verified on the blog with the timestamp. Our forecast and trading plans for Monday – published Sunday afternoon – stated: “Above 2737, long bias with very tight stops/trailing stops (more…)
Start of a New Trading Month After Three Consecutive Losing Weeks! Will the Bulls Show Up on Monday? S&P 500 Index has seen three consecutive losing weeks, with lower lows and lower highs. The action on last Thursday showed potential bull reaction, followed by consolidation on Friday. The bulls are weak while the bears are (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Monday, 07/02” – please check back later (usually published around 9:30pm/10:00pm EDT on Sunday). S&P 500 TODAY – FRIDAY 06/29 THE GIST (“THE WHAT”) Brushing aside trade tensions, the S&P 500 index rallied at the open, with Financials sector in the lead following an upbeat (more…)
According to the forecast published last night (click here for the full report), our intraday/aggressive models went long (bought) the index futures overnight (our index models went long on the market open at 2727.13). As indicated in the intraday alert published this morning around 10:15am EDT (click here for the full alert), indications were for a (more…)
INTRADAY ALERT – FRI – MODEL POSITIONS PROFIT UPDATE In our S&P 500 OUTLOOK for FRI, published last night, you read: “For Friday, the aggressive/intraday models indicate indeterminate bias between 2720-2700 – stay flat between these levels. Above 2720, long bias with very tight stops/trailing stops (5 to 8 points, to make sure the models (more…)
Bulls Weak But Not Out! Can Bears Step Up Their Attack? S&P 500 Index witnessing a dog-fight between the bulls and the bears with alternate losses to each side in the last two days. The action today was almost a mirror image of the action yesterday – the index broke through strong support levels to (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Friday, 06/29” – please check back later (usually published around 9:30pm/10:00pm EDT on Thursday). S&P 500 TODAY – THURSDAY 06/28 THE GIST (“THE WHAT”) The S&P 500 index rebounded from Wednesday’s broad-based sell-off as Technology and Financials stocks gained lost ground in the afternoon session. (more…)
INTRADAY ALERT 2 – THU – MODEL POSITIONS UPDATE In the INTRADAY ALERT published this morning at 9:33am EDT, you read: “The range of 2695-2705 could attract the most action, but 2690-2715 should be used to initiate any new positions in either direction.” (click here for the full report of the ALERT)Our Models are now (more…)
