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S&P 500 Forecast for Thursday, May 13, 2021

Updated: Aug 8, 2022

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100% (14 correct statements out of 14 statements.)


The S&P 500’s main highlight for the day is that of a sudden fast move higher transitioning into volatile sideways movement and the notable completion of a rally. A significant change or new situation causes excitement and impulsivity on the street. Pre market behavior is characterized by bearish rotation significantly increasing in volatility. Right around the open the first days [high] AND/OR [crest] forms when investors’ fear and confusion is reflected in [price fluctuations] AND/OR [a temporary decline]. From the open through roughly 10:00 AM there's continued sideways fluctuations. Money taking longer than expected to arrive is also highlighted at this time. A notable reversal is exhibited between the hours of roughly 10:00 AM and 11:00 AM. A strong bullish move transpires between the hours of roughly 11:00 AM and 1:00 PM as the result of [being oversold] AND/OR [a short squeeze]. An intentional shake out takes place between the hours of 12 and 1:00 PM noted by a strong and surprising move higher that proceeds the significant decline. This decline takes place between roughly 12:30 PM and 1:20 PM. A male leader making an impactful decision that transforms a decline into a rally is highlighted between 1:00 PM and 2:00 PM. Investors buy the dip and a significant move higher out of a strong decline transpires at this time also. Between roughly 2:00 PM and 3:00 PM a sharp dip within a period of bullish market rotation is exhibited as investors rebalance and consolidate before expansion. In the last hour of trading a strong rally to reach the day's second [high] AND/OR [crest] which forms at [an important technical level] AND/OR [at the same level as this early morning’s peak]. Skepticism on the street is reflected in profit taking within the post market. The day's high is characterized by a decline after a failed retest to break resistance when revisiting a recent peak or crest. The day's low is highlighted by a critical choice with life altering implications [between 2 entities] AND/OR [between 2 leaders].






 


(CPNG), Coupang CEO on Squawk Box on Q1 results, stock slide; Israel, Hamas fighting intensifies
PPI ex-food & energy up 0.7% vs up 0.4% est; U.S. April producer prices ex-food, energy trade rise 4.6% Y/Y
Producer price index up 0.6% vs up 0.3% est; Sweeney: a while before good wage info
Masa Son on the markets "fundamental is very strong"; FED survey finds jump in house prices expected
Major averages on pace for worst week since October
(AAPL), Futurs erase losses hold ground after PPI data; Markets grappling with volatile data
(AAPL), (MSFT), (GOOGL), (AMZN), Big tech rebounds
Tesla suspends use of Bitcoin as payment over environmental concerns
(XOM), Colonial pipeline resumes operations; Inflation pressures roil markets
Starwook CEO: "tech wrecks" are dominating the market
(BABA), Alibaba sees $1.2B loss in Q4 due to China antitrust fine; U.S. producer prices top forecasts
Beyond the inflation surge rebound or real problem?
Beyond the inflation surge rebound of real problem?; NDX, Stocks bounce back after 3-day slide
Marks: challenged with making a good return in a low-return world
Colonial pipeline restarts operations impact on supply chain, gas prices
(SMH), Semis's recent slide on pace for worst week since March 2020; Global stocks slide to 6-week low
Dow, S&P still on track for worst week since January
Gut check: Bitcoin Tesla halts crypto payments
Game on...for slumping video game stocks?; Israel, Hamas clash fuels street fights
(BMBL), Bumble CEO on earnings stock falls on outlook
Big tech bargain hunting tracking the biggest drops; Bitcoin falls below $50K
Is the sell-off ending? Your next money move; Inflation pressures roil markets
Biden: panic buying will make gasoline issues worse; Biden: colonial pipeline should reach full capacity soon
Valueact takes stake in 7-eleven owner; Houston Methodist employees have until June 7 to get COVID-19 vaccine
(TSLA), (SQ), (MSTR)
Judge delays trial until March for 3 officers in Floyd death; Trulieve acquires harvest health for $2.1B
(ABNB), Sharing economy struggles Airbnb down 9% year-to-date
Meyman: U.S.-Canada relationship is strong
CDC to say fully vaccinated don't need to mask, distance in most cases - SRCS
(FSLY), (FROG), (SNOW), (ZM), Stocks off session highs
CDC: fully vaccinated don't need to mask, physically distance in most cases; Binance holdings probed by U.S.
Airbnb earnings on deck for after the bell; BAC, BOFA's Sheehan to become sole head of investment banking
Rockets fired from Lebanon toward Israel in new attack; Casper CEO: we are actively seeking market share
Tesla suspends vehicle purchases with Bitcoin
Coinbase 1Q net income $771.5M, had seen $730M to $800M
(DIS), (ABN), (DASH), (IBB) Dow, S&P 500 on track for worst week since late-Jan
Airbnb loss: ($1.95); Caroline Hyde
Airbnb falls on results; Carter: can do a lot better when it comes to Bitcoin mining
(COIN); XBT
Fisker surges after hours; Coinbase 1Q EPS $3.05
Disney drops on earnings; Addressing Clover Health concerns
The inflation debate - Cramer's explaining why some think inflation will take care of itself & some say it's too late
Choi: the crypto economy is taking off
In the past two years, DASH has increased Dasher pay by 40%, while consumer fees decreased by 13%
Patrick Spence, Sonos CEO; Chatterjee: this is new to us in the energy industry
Haas: crypto is a universally-appealing asset class; AIA group 1Q new business up 19% Y/Y

#100%Accuracy





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