THE DETAILS -The How, Where and Why As investors digested the developments in Italy’s political situation, markets stabilized during Wednesday. The gains however came under assault on Thursday as trade war concerns were back on investors’ plate after the Trump administration announced its decision to impose strict import duties on Canada, Mexico and the European (more…)
The trailing stop mentioned in earlier Intraday Alert is now hit on the long, and profits are booked at 2030.50. That’s a ten point profit on a long trade set up based on yesterday’s bearish market action. Not bad for our models’ performance! If you have been following the forecasts and trading based off of (more…)
A grateful reader reached out pointing out to these words from our forecast published last night: “Bulls have to push the index into the 2730-35 region and clear above 2740 to keep the bullish move going, failing which would weaken the bulls again.”And, pointing to the fact that the market has actually penetrated exactly that (more…)
Short term traders who followed our trading plan for today – published last night – would have bought the market (e-mini Futures #ES or the ETF #SPY) on SPX crossing above 2720. If so, they are sitting on decent profits within a couple of hours. Models indicate placing a trailing stop of 5 points at (more…)
It’s a dogfight between the bull and the bear! No bear territory yet! If all the headline news and the market buzz have you feel that the markets are tanking and you wish you sold all your holdings, you are probably not alone! Nor are you particularly to be blamed for feeling overwhelmingly negative, since (more…)
S&P 500 THE GIST (The “What”): The index failed to hold on to its key support level of 100 DMA (now at 2710.25) for the second time this week,reaching the day’s low at 2700.68. Led by Industrials and Consumer Staples, the index closed a volatile trading day near session lows at 2705.27 (down 18.74 points), losing (more…)
S&P 500 INTRADAY ALERT – Position Update – PROFIT TARGET HIT: As mentioned in our INTRADY update just an hour back: “– Intraday, aggressive Models are currently short at 2714, with a stop at 2718 and a target of 2708.”The profit tartget is just filled a few minutes back (on e-mini futures, ES) at 2708 and (more…)
From our trading plan for today – published last night: (1) “Aggressive, intraday models indicate trading from the long side while above 2725 and from the short side while below 2715 with tight stops (as small as 5 to 10 points). Stay flat between 2725 and 2715 (if not already long from this morning).” – Intraday, aggressive Models are currently short at 2714, with a stop at 2718 (more…)
This tug-of-war, we witnessed just a couple of weeks ago! The market action today has been almost the flipped version of it from yesterday (especially so if you consider the e-mini futures market as well). The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more (more…)
(1) You read it here, in our outlook published last night: – “Stay flat between 2683 and 2705.” (aggressive, short term traders)– “Models indicate no short bias until below 2675.” (medium term investors)So, whether you consider yourself a medium term investor or an aggressive, short term trader, you would NOT have sold short the market today, and hopefully avoided losses on any such (more…)
