Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 03/29” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Whipsaw price action continues with the S&P 500 index consolidating between key technical levels, as markets search for a major catalyst to break out in either direction. Trading higher during the early hour, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 03/22” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) A strong Technology-led rally boosted the S&P 500 index to close at a five-month high. The index rebounded from last two session’s losses as investors digested the latest monetary policy statement (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 03/13” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) A softer-than-expected Consumer Price Index signaled at a muted inflation and reaffirmed the Federal Reserve’s decision to be patient with rate hikes, sending Treasury yields lower and benefiting riskier equity assets. (more…)
