The Lurking Bear Spotted In the Open! As clearly mentioned in our forecast for Monday – published Sunday night: The bulls seem weakened with the action last week, but still the bearish territory is not in sight yet. The index is approaching the key level of 2740, which could bring in climactic reactions in either (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tue 06/26” – please check back later (usually published around 10:30pm EDT on Monday). S&P 500 TODAY – MON 06/25 THE GIST (“THE WHAT”) In the biggest one day decline in two months, the S&P 500 index opened with significant losses as trade war concerns (more…)
Both Medium-term and Short-term models have adjusted their stops to 2712 on the currently profitable short positions. This would lock in 17 points profit for the medium-term models and 47 points profit for the short-term models, if hit (or, ride down for more profits if not hit and if the market continues to drop)! This (more…)
Both Medium-term and Short-term models have adjusted their stops to 2724 on the currently profitable short positions. This would lock in 5 points profit for the medium-term models and 25+ points profit for the short-term models. This is done with the indication that the session’s move lower could be overextended and there might be a (more…)
Both Short-Term and Medium-Term Models Locking in Profits with Stops Our forecast published last night came true in terms of the lurking bear coming out in the open right at the opening of the session, and stayed that way throughout the session so far (as of 11am EDT, Monday, 06/25). As per the trading plans (more…)
Tug-of-War – Advantage the Lurking Bear? As indicated in our Models’ Weekend Positioning report published last Friday around 3:30pm (click here for details), our short term/intraday/aggressive models ended the week with a short (sell) position with a stop-loss at 2766. As forecast in that report: “Models are flashing a little weaker bulls and speculate another (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Mon 06/25” – please check back later (usually published around 10:30pm EDT on Sunday). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened the Friday’s session with significant gains fueled by optimism after the OPEC members signed a deal to boost oil (more…)
MODELS LIKELY TO CARRY THE OPEN SHORT POSITION INTO THE WEEKEND You read in our Intraday Alert published this afternoon (click here for the full report) that our models opened a short position, after closing one with profit, and placed a stop-loss at 2766.It looks like this 2766 stop-loss (on the S&P 500 Index level) (more…)
MODELS BOOKED PROFITS AND OPENED ANOTHER PROFITABLE POSITION You read in our forecast published last night (click here for the full report): “For Friday, the aggressive/intraday models indicate letting the currently open short ride or let hit by the trailing stop of 6 points (currently anchored at 2756). If that is hit, no long bias (more…)
Tug-of-War – Week-2, Day-5…Climactic Friday? As indicated in our Intraday Alert Thursday morning (click here for details), the market broke through the 2760 level in the first hour of the session, triggering a Short position by our intraday models, according to the trading plan given in our forecast published Wednesday night (click here for details). Yes, again profitable (more…)
