S&P 500 OUTLOOK for THU 01/31

Earnings Euphoria to Power the Markets Ahead! Is It Sustainable? Facebook and Boeing are just a couple of names to beat the estimates. Couple with this the dovish Fed, and lack of any major geopolitical news (notwithstanding Venezuela), and we can see why the markets are acting giddy with euphoria! Unless something totally unexpected pops (more…)

S&P 500 OUTLOOK for WED 01/30

Apple and FOMC – Main Drivers of Today’s Market Sentiment Apple’s earnings last night (“the worst is over”?), FOMC Interest Rates decision this afternoon, and the key technical levels to be the main drivers of the market action today. As we have been indicating since 01/09, the index is looking at strong resistance level around (more…)

S&P 500 OUTLOOK for TUE 01/29

Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)

S&P 500 OUTLOOK for MON 01/28

Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)

S&P 500 OUTLOOK for FRI 01/25

The Drift Higher To Continue? Since Wed, 01/09, our models have been sporting a bullish bias which will be invalidated if the index registers a daily close below 2623. While above 2633, our models continue reiterating the bullish bias. The index is looking at strong resistance level around 2665-75, and if it closes above 2675 on (more…)

S&P 500 OUTLOOK for THU 01/24

Earnings, Economic Releases, Geopolitics…A Packed Day for Headline Risk today Major earnings releases (Intel, Starbucks, American Airlines, Southwest, Union Pacific, Discover Financial etc), key economic releases (initial jobless claims, PMI, regional fed survey), and geopolitical events (European Central Bank, Venezuela, China)…today’s market calendar is packed with headlines-driven event risk. The index is facing the big (more…)

TODAY IN THE MARKET – THU 01/17

Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/18” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Extending gains for the third straight session, the S&P 500 index closed today’s wild session higher as investors weighed mixed earnings results against better-than-expected economic data that eased recession jitters. Disappointing (more…)