Bulls Getting Bolder? Bears to Re-charge? The S&P 500 Index Outlook for Tuesday – published Monday night – stated: “For Tuesday, the models continue to indicate the risk tilted towards a move up to test the 2735-45 region before further directional bias could pull the index in either direction”. (click here for the full report) (more…)
Tired Bear and a Weak Bull – Who Will Gain Strength Tuesday? As speculated in our forecast for Monday – published Sunday afternoon – the S&P 500 Index has started the fourth week, after three of consecutive losing weeks – with some stoppage in the bleeding and a modest rise of 8.34 points (0.31%). The report (more…)
INTRADAY ALERT – MON – MODEL POSITIONS UPDATE NOTE: The trading plans mentioned are all based on the published numbers – published earlier and can be verified on the blog with the timestamp. Our forecast and trading plans for Monday – published Sunday afternoon – stated: “Above 2737, long bias with very tight stops/trailing stops (more…)
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…)
