Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 01/15” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Fears of a slowing global economy were revived following a surprise drop in China’s exports and imports for the month of December. China’s trade surplus with the U.S. hit a multi-year (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 01/09” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Closing the session higher for the third straight session, the S&P 500 extended gains as investors remain cautiously optimistic about a potential trade deal between the U.S. and China. Opening higher, (more…)
As mentioned in our forecast published last night, and reiterated in our alert this morning, 2790 is the key level for the S&P 500 Index to clear for traders to engage in intraday buying. So far (as of 11:20am EDT), the index registered a high of 2789.06 – just shy of one point from our (more…)
