Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Mon 06/18” S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened with a bearish sentiment as trade war concerns between the world’s two largest economic powers escalated after the Trump administration imposed tariffs on Chinese imports worth $50 billion, with China vowing (more…)
S&P 500 Index Trading Position Alert As per our forecast and trading plans published last night, here are our model positions: Medium-term investing Models: Flat (no positions) – no trades entered or exited today. Intraday, Aggressive, Short-term Models: Went short on the break below of 2775, and covered for profit on the rebound from the (more…)
Continuation of Back To Basics? With all the major known geopolitical risks and events out of the way, including Thursday morning’s ECB interest rate decision, it is likely that investors would begin to focus on the BASICS – Profit, Loss, and Risk. Friday morning, there is one important economic release – University of Michigan Consumer (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – please check back later (usually published around 10pm-1030pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened with significant gains as investors cheered at the stronger-than-expected economic data. ECB’s policy decision announcement on Thursday to keep their interest rates (more…)
As mentioned in our forecast published last night, and reiterated in our alert this morning, 2790 is the key level for the S&P 500 Index to clear for traders to engage in intraday buying. So far (as of 11:20am EDT), the index registered a high of 2789.06 – just shy of one point from our (more…)
Reiteration of our models’ trading plans for today, THU 06/14: The gist of the trading plans for today. For full details, click here for the outlook/forecast published last night. Note that the levels mentioned in these reports refer to the S&P 500 Index levels. An investor/trader may trade their choice of instrument tied to the index (more…)
Most Known Geopolitical Risks Out-of-the-way – Back To Basics? The much awaited North Korea summit, and the much feared FOMC rate decision are out of the way now with no decisive dominance by either the bulls or the bears! Tomorrow morning, before the markets open for the regular session, even the ECB (European Central Bank) (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – please check back later, after 1:00am EDT. S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index held steady ahead of the much awaited FOMC (Federal Open Market Committee) rate hike announcement, trading in a tight 4 point range and registering the (more…)
S&P 500 Post-FOMC Early Trade Indications As per the forecast published last night, the medium term “models indicate no short bias until at least a daily close below 2740 (slightly bearish) or below 2735 (outright bearish). Models indicate staying flat (no positions) between 2760-35″. Early action following the FOMC decision and statements indicate no significant change in the medium term outlook. However, short term/intraday/aggressive models indicate a slightly bearish outlook (more…)
This 13th is All About The Interest Rates, Trader! The much awaited North Korea summit has come and gone with not much to show or move the markets! There is not decisive dominance by either the bulls or the bears! Everybody seems to be waiting for the FOMC decision on the interest rates tomorrow – (more…)
