Start of a New Trading Month After Three Consecutive Losing Weeks! Will the Bulls Show Up on Monday? S&P 500 Index has seen three consecutive losing weeks, with lower lows and lower highs. The action on last Thursday showed potential bull reaction, followed by consolidation on Friday. The bulls are weak while the bears are (more…)
INTRADAY ALERT – FRI – MODEL POSITIONS PROFIT UPDATE In our S&P 500 OUTLOOK for FRI, published last night, you read: “For Friday, the aggressive/intraday models indicate indeterminate bias between 2720-2700 – stay flat between these levels. Above 2720, long bias with very tight stops/trailing stops (5 to 8 points, to make sure the models (more…)
Bulls Weak But Not Out! Can Bears Step Up Their Attack? S&P 500 Index witnessing a dog-fight between the bulls and the bears with alternate losses to each side in the last two days. The action today was almost a mirror image of the action yesterday – the index broke through strong support levels to (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Friday, 06/29” – please check back later (usually published around 9:30pm/10:00pm EDT on Thursday). S&P 500 TODAY – THURSDAY 06/28 THE GIST (“THE WHAT”) The S&P 500 index rebounded from Wednesday’s broad-based sell-off as Technology and Financials stocks gained lost ground in the afternoon session. (more…)
The Dancing Bear – How Long Can It Celebrate Before the Bulls Attack? S&P 500 Index witnessed a dog-fight between the bulls and the bears today, Wed 06/27. The index was up some 23+ points by midday, only to give it all up and close at 2699.63, down 23.43 points! Our Intraday Alert published at (more…)
In our S&P 500 Index forecast for Wednesday – published last night – you read: “The aggressive, intraday models are currently flat. For Wednesday, the aggressive/intraday models indicate indeterminate bias between 2710-2735 – stay flat between these levels. Above 2735, long bias with very tight stops/trailing stops (5-10 points, depending on your trading style and (more…)
The Bear To Consolidate Its Position or Retreat? S&P 500 Index tried to approach and test the key level of 2735 on Tuesday – the index registered the session’s high at 2732.91 as of our Intraday Alert published at 2:10pm (click here for details). Tuesday’s modest gains look more like bear consolidation rather than like (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Wed 06/27” – please check back later (usually published around 10:30pm EDT on Tuesday). S&P 500 TODAY – TUE 06/26 THE GIST (“THE WHAT”) Led by Energy stocks, the S&P 500 index attempted to rebound from its steepest one-day decline in two months, registering the (more…)
The Lurking Bear Spotted In the Open! As clearly mentioned in our forecast for Monday – published Sunday night: The bulls seem weakened with the action last week, but still the bearish territory is not in sight yet. The index is approaching the key level of 2740, which could bring in climactic reactions in either (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tue 06/26” – please check back later (usually published around 10:30pm EDT on Monday). S&P 500 TODAY – MON 06/25 THE GIST (“THE WHAT”) In the biggest one day decline in two months, the S&P 500 index opened with significant losses as trade war concerns (more…)
