A Breather from Last Week’s Bear Attack? Our models point to potential breather today from the beating the markets took so far in December. However, models indicate caution against establishing any new, medium-term long positions as the bias is firmly bearish. Any spikes up could be followed by swift moves down, trapping any bulls that (more…)
S&P 500 OUTLOOK for MON 12/03
US-China Meeting Weekend Preliminary Results Driving Wild Moves – Let the Noise Settle! As written in our Friday’s forecast, the US-China meeting has proved to be a big market mover over the weekend. All the markets (Stocks, Oil, Gold, Commodities, Currencies) have gapped significantly. Our models continue to sport the “indeterminate” bias and point to (more…)
S&P 500 OUTLOOK for THU 11/29
Today, It’s About the FOMC and the Interest Rate Outlook! It’s the FOMC meeting minutes release day today, Thursday 11/29. In all probability, it would not be way too far out from what Powell spoke on Wednesday, so there may not be much fireworks in the market. Unless there are any surprises in the FOMC (more…)
S&P 500 OUTLOOK for WED 11/28
Critical Headlines-driven Week In Progress – Don’t Jump the Gun! Our models have opened the post-Thanksgiving trading week with the prior two week’s aggregate profits of 154.75 points from the pre-defined trading levels on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions of sell-off. (more…)
S&P 500 OUTLOOK for TUE 11/27
Fed Speak, GDP, FOMC, China…Busy Headlines-driven Week Ahead Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
S&P 500 OUTLOOK for MON 11/26
Bouncy Market Days Do Not Make A Trend! Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
S&P 500 OUTLOOK for WED 11/21
It’s a Bear Territory – Do Not Get Into Bulltraps with Deadcat Bounce Moves Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge. Our models (more…)
S&P 500 OUTLOOK for TUE 11/20
Bears Testing the Key Support Level at 2685 – Watch out for Volatility Spurt/Squeeze in The Dog Fight likely to Ensue Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! Yes, not bad for (more…)
S&P 500 OUTLOOK for MON 11/19
Be Cautious When Trading this Market – It’s a Chopping Board! Over the last week’s five trading days, our models have booked an aggregate profits of 137.75 points on the S&P 500 Index! Not bad for forecasts that publish clear entry and exit points before the market opens! Thank you for all the readers who (more…)
S&P 500 OUTLOOK for FRI 11/16
Whipsaw, Choppy, Sideways…this Market Is Anything But Directional! Do not Get Trapped on Either Side! While most of the financial media was predicting the usual “post mid-term” rally in the markets due to the potential Washington gridlock due to the split congress, we issued a “Not So Fast” caution last week and reiterated that “indeterminate” (more…)