Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Wed, 07/04” – please check back later. S&P 500 TODAY – TUE 07/03 THE GIST (“THE WHAT”) The S&P 500 index extended Monday’s optimism as Energy stocks bounced back from Monday’s sell-off during the opening session on news of a decline in U.S. crude stockpiles. (more…)
The S&P 500 Index Outlook for today (Tue) – published last night – stated: “For Tuesday, the models continue to indicate the risk tilted towards a move up to test the 2735-45 region before further directional bias could pull the index in either direction”. The overnight futures market already (as of now, 9:00am EDT, the e-mini futures (more…)
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…)
