S&P 500 Index registered a low of 2757.12 – just about 3 points below the proprietary level of 2760 that we mentioned in our forecast published last night – before rising above that level (currently at 2769.11, as of 11:58am EDT). Our models indicate this as potential low for the rest of the session. Intraday (more…)
Tug of War Along Our Proprietary Key Levels In spite of the major geopolitical news headlines (North Korea-US Summit, Fed Interest Rates decision, European Central Bank Interest Rates decision), last week has NOT seen much movement in the S&P 500 Index at all – despite what occasional peek at financial media headlines might have you (more…)
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…)
