Day 6: The Main Story Driving The US Equity Markets this Morning – Geopolitical Events and Currency Markets! In our forecast for yesterday, Thursday, we wrote: “The only thing that can thwart this journey to another all-time high is potential geopolitical news which may prove highly negative for the markets. Barring any such developments, the (more…)
S&P 500 OUTLOOK for THU 08/09
Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal! The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)
S&P 500 OUTLOOK for TUE 08/07
Day 3: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Decide! Our forecast for the S&P 500 Index for yesterday, Monday, stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within (more…)
S&P 500 OUTLOOK for MON 08/06
Day 2: Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Friday stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within the broader 2840-2795 range (more…)
INTRADAY UPDATE – TUE – MODEL POSITIONS
Three Aggressive Intraday Trades So Far – Tuesday, 07/31/18 Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Tuesday – published Monday night – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details) Medium-term/long-term Models Published Trading Plan: “For Tuesday, (more…)
S&P 500 OUTLOOK for TUE 07/31
The Bull-Bear Battle In the Shadows of The Economic Releases this Whole Week Our S&P 500 Index forecast for Friday (07/27/18) – published Thursday night – stated: “…If the index closes between 2840 and 2820, it would indicate consolidation of the bullishness. A close below 2810 would negate the current bullish strength” (click here to (more…)
S&P 500 OUTLOOK for MON 07/30
Bull Consolidation or Bear Emergence? Our S&P 500 Index forecast for Friday (07/27/18) – published Thursday night – stated: “…If the index closes between 2840 and 2820, it would indicate consolidation of the bullishness. A close below 2810 would negate the current bullish strength” (click here to read/verify this claim). Friday, the index closed at (more…)
S&P 500 OUTLOOK for FRI 07/27
The Market Bull Stood Its Ground Even With the Facebook Fiasco! Any Fight Still Left for Friday? Our S&P 500 Index forecast for Thursday (07/26/18) – published Wednesday night – stated: “For Thursday, 07/26, if the index closes above 2835, it would indicate accelerating bullishness in the market and the index would likely be testing (more…)
S&P 500 OUTLOOK for THU 07/26
Earnings to Further Feed or Trip The Bulls on Thursday? Our S&P 500 Index forecast for Wednesday (07/25/18) – published Tuesday night – stated: “Indications are for continued bullishness in the markets while the index is above 2810. For Wednesday 07/25, if the index closes above 2830, it would indicate accelerating bullishness in the market.” (more…)
S&P 500 OUTLOOK for WED 07/25
Earnings to Continue to Feed the Bulls to Further Strength? Out S&P 500 Index forecast for Tuesday (07/23/18) – published Monday night – stated: “For Tuesday 07/24, if the index closes above 2816, it would indicate recovering bullishness in the market” (click here to read/verify this statement). The index closed at 2820.40 – above the (more…)