Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 03/21” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index closed lower for the second straight day led by a dramatic sell-off in banking and financial stocks. Trade concerns were further stroked after President Trump commented that (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 03/14” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Latest signs of subdued inflation boosted the S&P 500 index higher for the third straight session. Breaching the psychologically important 2800 level after several failed attempts to regain this closely watched (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 03/13” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) A softer-than-expected Consumer Price Index signaled at a muted inflation and reaffirmed the Federal Reserve’s decision to be patient with rate hikes, sending Treasury yields lower and benefiting riskier equity assets. (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 03/12” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Rebounding from a five day losing streak, a strong Tech-led rally lifted the S&P 500 index to regain the key technical support of 200 DMA (now at 2751.15) once again after (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 03/06” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Struggling for direction, the S&P 500 index continued consolidating within key technical levels looking for a catalyst to break out as investors keenly await any fresh news around U.S. – China (more…)
Results of Published Model Entries and Exits for Friday 02/01 Per the plans published in the morning today, our medium-term models kicked off the new trading month with a yield of 3.54 index points in gains on four long trades, and our aggressive models netted 8.67 index points in losses on four long trades.The increased (more…)
NFP Exuberance Adding to the Earnings Euphoria! Markets Feeling Giddy, Yet? NonFarm Payrolls just crushed the estimates and the index futures are flirting with overnight highs, albeit not pierced them yet. The headlines could add to the exuberance (irrational, yet? Need to ask Greenspan) already pervading the markets based on this week’s earnings beats (on (more…)
