In the trading plan for today – published last night – you read: “If the current long is intact and if the index rises above 2770, put a trailing stop for 12 points and let the position ride or the stop get hit for a profit.” (click here for the full report)Within less than an hour (more…)
Bulls Got Bolder and Prevailed into the Last Weekend! Bears only Hope is a Geopolitical Event? On Friday, the S&P 500 Index broke out of the 2735-45 range that we referred to in the forecasts for the last four days and triggered long (bought) positions by both our Medium-term and Intraday/Aggressive models, as alerted to (more…)
Bulls Got Bolder! Bears to Bank on Tradewar Fears? 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 (more…)
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…)
