This Earnings Season’s Busiest Day! With the earnings season picking up full steam, everything else likely to take back seat today (trade war and geopolitical headlines, anyone?). The S&P is back in our models’ key range of 2995-3005 with yesterday’s price action. Expect the main tone of the market action to be set and changed (more…)
…but Not a Cent to Beat? With the rather humdrum and lackluster earnings releases so far, investors seem to be wondering: “Earnings earnings everywhere, but not a cent to beat (the estimates)?!”. With Boeing, Caterpillar, and Tesla earnings in the offing, might we be in for some fireworks? With yesterday’s afternoon price action, the S&P (more…)
Earnings Earnings Everywhere… Aided by the earnings momentum, the S&P 500 Index has cleared our often mentioned 2995-3005 range to the upside yesterday. Expect the main tone of the market action to be set and changed by the continuing releases of earnings by major names. Read below for our models’ trading plans for the day. (more…)
Earnings Release Momentum to Drive the Markets this Week With the earnings releases picking up momentum, the markets are going to be driven by the tone of these releases: whether they are going to highlight stellar results or give lame excuses would determine the direction of the momentum in the markets. This, of course, barring (more…)
China’s Slowdown to Stoke Global Recession Fears Afresh? The economic numbers from China are pointing to the realities of the trade war – a slowing China’s economy. But, would a struggling economy in one of our biggest trade partners – and one of the biggest export markets for many of our products – going to (more…)
Another “Interim” Global Deal that May or May Not Stick? Overnight futures markets are cheering the last minute deal struck between the UK and the EU on Brexit, despite serious doubts whether the UK parliament would approve the deal. Initial jobless claims continue the Goldilocks and the Economy story, adding another reason for the markets (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…)
Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)
Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)
Results of Published Model Entries and Exits for Friday 01/25 Per the plans published in the morning on Friday 01/25, our medium-term models as well as our aggressive intraday models did not trigger any trades as the index opened above the entry level and never traded below it to trigger any trades on the cross (more…)
