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S&P 500 Forecast for Tuesday, August 25, 2020

Updated: Aug 1, 2022

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100% (3 correct statements out of 3 statement)



Day's Theme - Indecision. Sideways movement AND/OR price swings.

1-Day High - Senate is highlighted

1-Day Low -Between the premarket and 10am est. AND/OR between 1:30pm through the close. Potentially the August Low.

Planned Trades -




 

"U.S. July new home sales at 901,000; est. 790,000"
"U.S., China 'see phase one progress'"
"Apple has driven the DOW this year." AAPL, HD, MSFT, JPM, RTN, BA
"American Airlines plans 19.000 job cuts when federal aid lapses." AAL
"Buckley: FED's actions have impact on ECB"
"Wizz Air CEO on outlook for airlines." WZZAF
"Disney leads old media giants in streaming." DIS
"RNC focuses on law, order amid Wis. protests"

"SPX Index"
"Positioning for election volatility"
"Bond drop as stocks fluctuate." "USGG10YR"
"U.S. bankruptcies on record pace"
"Smucker sees pandemic-fueled demand in 1Q"
"10-year yield highest since August 14." "USGG10YR"
"Best Buy warns growth is slowing" BBY


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