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…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – (usually published between 8:30pm EDT and 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index traded within a very tight range for most part of the Tuesday’s session, registering the day’s high at 2789.80 as investors shifted their (more…)
The much hyped North Korea summit came and gone with not much “real news” to move the markets. The markets just yawned at it and are now focused on the next big news event – tomorrow’s FOMC Rate Decision and Chair Powell’s press conference, which is sure to bring some fireworks. S&P 500 Index is (more…)
A Dogfight to Ensue Between the Bulls and the Bears? Friday’s action in S&P 500 stayed above our often-mentioned key level of 2760 and confirmed the dominance of the bulls on the market – or, the lack of dominance of the bears on the market. Considering the North Korea summit tomorrow, it might be prudent (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for tomorrow” – please click here (usually published between 8:30pm EDT and 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened a politically charged week by extending last week’s strong gains. Reaching the day’s high at 2790.21 in early session, the (more…)
Markets coming to the crossroads tomorrow? Friday’s action in S&P 500 stayed above our often-mentioned key level of 2760 and confirmed the dominance of the bulls on the market – or, the lack of dominance of the bears on the market. Considering the North Korea summit tomorrow, it might be prudent to wait to establish (more…)
As stated in our forecast published last night, the medium-term longs had a stop based on the S&P 500 index hitting 2765 (index low registered today so far is at 2763.59), which got hit sometime back and the models are out of the long position with some decent profits (entered at 2754 as you can (more…)
Looks Like the Bulls – While Still Strong – are Feeling Tired… Thursday’s action in S&P 500 is noteworthy since it approached but failed to pierce two important levels – the day’s high at 2779.90 just fell short of taking out our proprietary key level of 2780, and the day’s low at 2760.16 just fell (more…)
