Tenth Consecutive Positive Close / Green Candle (On a Daily Open to Close Basis)? If the S&P 500 index closes higher today, it would mark the the tenth consecutive positive close on a daily open to close basis. The index is looking at some strong resistance levels in the 2635-2645 band which, if broken, could (more…)
Results of Published Model Entries and Exits for Wednesday 01/16 Per the plans published in the morning, our medium-term models’ plans lead to 7.80 index points in gains on one long trade today. Our aggressive intraday models’ plans saw a loss of 2.20 index points on one long. Below, you will find the detailed tracking (more…)
Earnings Earnings Everywhere With earnings season picking up, the markets are likely to focus on the basics – the economic fundamentals of the companies underlying the stocks, barring any major surprises on the geopolitical front. While the move up is encouraging to the bulls, below average volume is a concern still. Since Wed, 01/09, our (more…)
Results of Published Model Entries and Exits for Tuesday 01/15 Our medium-term models booked 4.92 index points in losses on one long trade. A second long trade (opened at 2606) is carried to tomorrow with the 12-point trailing stop sitting at 2599.74. Our aggressive intraday models realized a net profit of 1.47 index points on (more…)
Brexit Chaos and Draghi Speech Potentially to Eclipse Earnings Headlines today Geopolitical events (not involving China, for a change) today likely to cause chaos in the currency markets which would spill over into the equity markets today – UK parliament to vote on Theresa Mayer’s Brexit Plan. Added to that, ECB chair Draghi is slated (more…)
