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…)
Wild Whipsaw Moves to Continue…Dont’ Engage in Kneejerk Trading! Last week’s wild moves in the market point to the onset of potential regime change in the markets from the long bullish regime to a bearish one! Our models advise caution against getting into the markets on false spikes up. One needs to confirm the moves against (more…)
Deep Correction – to Continue or Reverse? The S&P 500 Index breached the key support level of the 200-DMA (currently around 2768) and has broken below on Monday and closed below it for a second day on Tuesday, 10/23. With the sharp drop to below 2700 and then a fast recovery on Tuesday, followed by Wednesday’s (more…)
Continued Whipsaw Action Forecast – Day 3! The busiest earnings week of the season has started off yesterday, Monday 10/22, with no positive momentum. The growing geopolitical tension around the Saudi journalist Khashoggi’s killing and the trickling impact on the key Saudi investor conference seems to be denting the investor sentiment. The S&P 500 (more…)
Continued Whipsaw Action Forecast In the Markets! The busiest earnings week of the season has started off yesterday, Monday 10/22, with no positive momentum. The growing geopolitical tension around the Saudi journalist Khashoggi’s killing and the trickling impact on the key Saudi investor conference seems to be denting the investor sentiment. The S&P 500 (more…)
How Much did the S&P 500 Index Move Last Week? +0.65 points!! Despite the headline grabbing market moves throughout last week, the S&P 500 Index moved just +0.65 points all of last week – from the close at 2767.13 on Friday, 10/12 to the close at 2767.78 on Friday, 10/19! This is in spite of (more…)
So Much Noise and No Real Movement In the Markets?! Stay Patient and Stay Safe In this Whipsaw Trading Environment! Despite the headline grabbing market moves all this week, the S&P 500 Index closed yesterday – Thursday, 10/18 – just where it closed last Friday! To be exact, the index closed last Friday at 2767.13, (more…)
Yesterday’s price action in S&P 500 tested both the upper and lower trading levels indicated by our models’ forecast – published before the markets’ open. The index registered the day’s low under 2 points away from our medium-term model’s lower bound and the day’s high was registered under 1 point above the level indicated by (more…)
Do NOT Turn Complacent with The Recent Big Wins! Our S&P 500 Forecast trading plans published before the markets opened on Monday, 10/15 stated: “models are sporting caution to the bears regarding a potential corrective spike up in a whipsaw manner” (click here to read the full report and/or to verify this claim). This has come (more…)
