Tenth Consecutive Positive Close / Green Candle (On a Daily Open to Close Basis)? If the S&P 500 index closes higher today, it would mark the the tenth consecutive positive close on a daily open to close basis. The index is looking at some strong resistance levels in the 2635-2645 band which, if broken, could (more…)
Earnings Earnings Everywhere With earnings season picking up, the markets are likely to focus on the basics – the economic fundamentals of the companies underlying the stocks, barring any major surprises on the geopolitical front. While the move up is encouraging to the bulls, below average volume is a concern still. Since Wed, 01/09, our (more…)
Results of Published Model Entries and Exits for Tuesday 01/15 Our medium-term models booked 4.92 index points in losses on one long trade. A second long trade (opened at 2606) is carried to tomorrow with the 12-point trailing stop sitting at 2599.74. Our aggressive intraday models realized a net profit of 1.47 index points on (more…)
Brexit Chaos and Draghi Speech Potentially to Eclipse Earnings Headlines today Geopolitical events (not involving China, for a change) today likely to cause chaos in the currency markets which would spill over into the equity markets today – UK parliament to vote on Theresa Mayer’s Brexit Plan. Added to that, ECB chair Draghi is slated (more…)
Results of Published Model Entries and Exits for Mon 01/14 Our medium-term models stayed out of the market today with no trades triggered. Our aggressive intraday models realized a net loss of 11.68 index points on one short and one long trade. Below, you will find the detailed tracking of our models’ trading plans for (more…)
Earnings Kickoff! Key earnings season kicks off today, most likely moving the focus back to basics. The news from China about its economy slowing down is drawing increasing attention from investors. And, headlines about China’s record trade surplus with the US keeps the trade war jitters from fading anytime soon. Since Wed, 01/09, our models (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/14” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Taking a breather from its longest winning streak since September 2018, the S&P 500 index closed today’s session mostly flat as investors keenly await the start of the earnings season next (more…)
Results of Published Model Entries and Exits for Fri 01/11 Our medium-term models as well as the aggressive intraday models stayed out of the market today with no trades triggered. Below, you will find the detailed tracking of our models’ trading plans for today, as well as the results for the last month: Performance Results (more…)
Back to Basics Day? It’s About Time! Consumer Price Index and Hourly Wages releases this morning, and increasing talk about earnings (shortfall) likely to make the markets focus on the “financial” aspects of the financial markets today. The weekly options expiration would add its own push-and-pull around key levels today, resulting in sudden spikes in (more…)
Results of Published Model Entries and Exits for Thu 01/10 Our medium-term models stayed out of the market today with no trades triggered. Our aggressive intraday models booked a net profit of 10.89 index points. All this, simply by following mechanical entries and exits using the pre-defined levels as given in our trading plan published (more…)
