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…)
Both Short-Term and Medium-Term Models Locking in Profits with Stops Our forecast published last night came true in terms of the lurking bear coming out in the open right at the opening of the session, and stayed that way throughout the session so far (as of 11am EDT, Monday, 06/25). As per the trading plans (more…)
Tug-of-War – Advantage the Lurking Bear? As indicated in our Models’ Weekend Positioning report published last Friday around 3:30pm (click here for details), our short term/intraday/aggressive models ended the week with a short (sell) position with a stop-loss at 2766. As forecast in that report: “Models are flashing a little weaker bulls and speculate another (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Mon 06/25” – please check back later (usually published around 10:30pm EDT on Sunday). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened the Friday’s session with significant gains fueled by optimism after the OPEC members signed a deal to boost oil (more…)
MODELS LIKELY TO CARRY THE OPEN SHORT POSITION INTO THE WEEKEND You read in our Intraday Alert published this afternoon (click here for the full report) that our models opened a short position, after closing one with profit, and placed a stop-loss at 2766.It looks like this 2766 stop-loss (on the S&P 500 Index level) (more…)
