top of page

S&P 500 Forecast for Tuesday, April 27, 2021

Updated: Aug 8, 2022

***********

100% (10 correct statements out of 10 statements.)


A stalemate in negotiations and deadlock are the theme for today. In the premarket the S&P moves sideways bumping along an established support line. Around the open [a partnership] AND/OR [the strengthening of a relationship] AND/OR [a merger and acquisition] is highlighted. Right around the open a quick break through a resistance line followed by a decline back through the same line. From the open through approximately 10:30am there is mixed sideways decline with a notable move lower. Around 10:30am a moment the Street has been waiting for arrives when [economic initiatives are taken] AND/OR [legislation or policy decisions come to completion} and a sudden big move higher commences before 11am. From around 11am through 12pm policy changes continue to be the highlight as a bearish rotation increases significantly in volatility as the S&P 500 moves towards noon time. Around approximately 12pm while investors are still fearful I am presented with an opportunity to open bullish positions with the intention to close them as a day trade. Between roughly 12pm and 2pm a significant rally to a high/crest out of a period of volatility is exhibited. An opportunity to close out of my bullish day trades is presented before the rally ends. Between approximately 2pm and 3pm overly negative investors rotate from growth into safety and a decline to a support level transpires. What was cause for bullish sentiment is abandoned due to disillusionment and doubt; this is reflected In the last hour of trading as the S&P 500 breaks down through a support line. Right around the close mixed sideways bullish behavior [confirms new support] AND/OR [confirms a breakout.] In the post market there is a move higher breaking out through a resistance level.





#PlutoRetorgrade @4:04pm est.


 


Narrowing the racial wealth gap Bet founder's new tax proposal; DXY, Lieber: challenge here is the house
Pfizer CEO speaks out leading through a pandemic; Hooper: 10% of GDP waiting to be spent
(PFE)
Defining a "fairer" tax system Sen. Elizabeth Warren live
Warren vs. Wall St. Sen. Elizabeth Warren on Squawk Box; The tax brackets of the 1960s
(TSLA), Tesla shares fall despite record Q1 results; Earnings show supply squeeze, demand boom
Solid April gains for stocks S&P 500 up 54%, Nasdaq up 6.7%; Futures fluctuating after record close
Nasdaq up for 6th straight month, best month since November; Riskiest junk bonds breach 2008 level
(AAL), (UAL), (DAL), (LUV), (JBLU), Solid April gains for stocks S&P 500 up 5.4%, Nasdaq up 6.7%
(TSLA), (MMM), (LLY), (GE), (UPS), Record high for Dow transports; Stocks to watch at the open
(MAT), (HAS), S&P 500, Nasdaq up for third straight day; Energy & industrials lead early gains
Tesla beats the street
NDX, Investors digest earnings, await FED
GE CEO Culp: supply chain constraints are evident; GE jet-engine unit drags on 1Q results
(FSR), (NKLA), (RIDE), (QS), (RMO), Tesla tumbles; European executives upbeat on earnings
(ADBE), (FDX), Adobe CEO on Fedex partnership; UBS shares fall on Archegos hit
ESPN chairman on new deal with the NFL; Biden aims for trump voters
Important 72 hours for earnings the trade on Microsoft
Biden seeks $80 billion to beef up I.R.S. audits of high-earners
(AAPL), Important 72 hours for earnings the trade on Apple
Fully vaccinated can skip masks for outdoor exercise, dining
(PFE), (JNJ), (MRNA), (AZN), CDC lossens outdoor mask restrictions for fully vaccinated
Josh buys Leslie's (LESL); Fully vaccinated can socialize indoors with each other maskless
Price hikes ahead will consumers accept it?; Biden approaches 100 days in office
Alphabet earning on deck, Google's great expectations; Gundlach: FED is guessing that inflation will be transitory
Pres. Biden speaks on CDC's new COVID-19 recommendations; Awaiting Pres. Biden remarks on COVID-19
Consumer confidence jumps hits 14-month high; Biden urges Americans to get vaccinated
ALbert Bourla, Pfizer Chairman & CEO; Malik: be more selective, favor cos. that can meet earnings expectations
(PII), Power of Polaris up 100+% over 1 year
(GOOGL), (PINS), (MSFT), Microsoft shares drop; Microsoft 3Q EPS $2.03, est. $1.78
Mondelez pops on earnings; Trudeau defends canada's climate record
(SBUX), (V); AMD sees 2Q adj gross margin about 47%, est. 46.5%
Microsoft beats, stock falls; ALphabet 1Q eps $26.29, est. $15.64
Market pullback warning DWYER predicts 5-10% drop
Countdown to FED decision; LYFT to sell self-driving unit in $550M toyota deal
UPS soared over 10% today; Nomura shakeup
Trudeau defends Canada's climate record
Japan mulls raising COVID subsidies for store closures: TV Asahi
As a major week of earnings continues, Cramer's touching on WallStreetBets & its impact to your portfolio

#100%Accuracy




Related Posts

See All

Comments


bottom of page