Bear or Bull, the Market Approaching Potential Inflection Point The S&P 500 Index did not confirm a bearish break down on Friday, after closing below the key 2770 level our models have been monitoring since last Tuesday, 02/26. A daily close below 2730 is required to confirm a shift to a bearish bias and a daily (more…)
Is That Bear About to Emerge Fully Today or Monday? With the S&P 500 closing yesterday below the key 2770 level our models have been monitoring since last Tuesday, 02/26, our models have negated the bullish bias today (click here to read the full forecast and/or to cross check the key levels). Yesterday Europe, last night (more…)
The Long-winded China (trade-talks) Road Getting Tiring, yet? The market seems a bit tired of waiting for, what feels like “eternally dragging on”, US-China trade talks’ resolution, and yet can not seem to ignore the potential upside (even if going to be short lived) of any such. For lack of any further catalysts to push upwards (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…)
It’s a Yo-Yo Within the Range! Notwithstanding the attempt to move down, the index is stuck within the key range we forecast on Tue 02/26: “The S&P 500 Index failed to follow through on the break above the key 2813.62 level…the 2815 level is yet to be tested. On the downside, …. are the multi-layered key support (more…)
Results of Published Model Entries and Exits for Monday 03/04 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
Testing the Next Peak? In the overnight futures market, the S&P 500 Index appears poised to test the key levels we published in the forecast from Tue 02/26: “The S&P 500 Index failed to follow through on the break above the key 2813.62 level (78.6 Fibonacci retracement of the July highs to January lows move). The (more…)
Results of Published Model Entries and Exits for Friday 03/01 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (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…)
