Stock Market Outlook for Fri Apr 5 2019 – All About The Jobs Numbers

Thursday market was basically marking time as it awaits the March non-farm payroll numbers due out Friday at 8:30 AM.

Despite the lower volume there were signs of investors still purchasing and adjusting trades with the belief stocks are going to continue their advance.

Stock Market Outlook Chart Comments At The Close on Thu Apr 4 2019 

The S&P closed above the 21 day moving average again on Wednesday and at the Upper Bollinger Band. It left behind a neutral candlestick for the final day of the week. This is fitting, as Friday brings the pivotal March jobs numbers.

The Bollinger Bands Squeeze has ended with the index moving higher.

All major moving averages are back where they belong and the 50 day and 100 day are both moving away from the 200 day.

The SPX is stronger again tonight ahead of the jobs numbers.

Stock Market Outlook review of Thu Apr 4 2019

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is positive and dipping back,

• Settings: For momentum I use a 10 period when studying market direction.

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Tuesday April 2. It was gaining strength on Thursday.

• Settings: For MACD Histogram, I am using the Fast Points set at 13, Slow Points at 26 and Smoothing at 9. 

Ultimate Oscillator: The Ultimate Oscillator signal is positive and rising.

• Settings: The Ultimate Oscillator settings are: Period 1 is 5, Period 2 is 10, Period 3 is 15, Factor 1 is 4, Factor 2 is 2 and Factor 3 is 1. These are not the default settings but are the settings I use with the S&P 500 chart set for 1 to 3 months.

Slow Stochastic: The Slow Stochastic has an up signal in place and is overbought.

• Settings: For the Slow Stochastic I use the K period of 14 and D period of 3. The Slow Stochastic tries to predict the market direction further out than just one day.

Relative Strength Index: The RSI signal is rising and is also overbought.

• Settings: The relative strength index is set for a period of 5 which gives it 5 days of market movement to monitor.  It is often the first indicator to show an overbought or oversold signal.

Rate of Change: The rate of change signal is rising indicating higher prices are coming for equities.

• Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline.

Support Resistance Levels To Be Aware Of:

2900 is strong resistance

2860 is light support

2830 is light support

2800 is strong support

2795 is light support

2745 to 2750 is light support

2725 is light support

2700 is light support

2675 is light support

2650 is support

2625 is light support

2600 is support.

There was good support at the 2550 level which is back to being support.

The 2500 level is support.

The S&P has light support at 2480 and better support at 2450.

There is good support at 2425.

Below that there is some support at 2400, 2380, 2350.

2300 has the most support at present but would represent a full correction of 641 points as a drop to this level would be 21% and just 5% away from a full bear market signal ending the bull market from 2009.

 Stock Market Outlook for Tomorrow – Fri Apr 5 2019 

There is very little change in the technical indicators and in the chart ahead of the jobs numbers.

Thursday was primarily a choppy sideways day as investors waited for the jobs numbers.

Even if the numbers disappoint and the market falls back for a day or even two, the underlying strength is still to the upside. That means a dip back on Friday and/or Monday will bring in buyers who will see any dip at present as an opportunity.

On the other hand, a better than expected jobs numbers will push the S&P to 2900 on Friday.

Stock Market Outlook Archives

Morning Investing Strategy Notes for Fri Feb 7 2025

For FullyInformed Members the morning Investing Strategy Notes for Fri Feb 7 2025 review the outlook for Friday and the January payroll numbers. Stocks discussed include VIX ETF, Amazon.com Stock (AMZN), Cloudflare Stock (NET), McDonalds Stock (MCD) and more. The morning Investing ....... Read More

Stock Market Outlook for Fri Feb 7 2025 – All About The January Jobs Report

Prior Trading Day Summary: On Thursday stocks rose to close modestly higher ahead of Friday's non-farm payroll report. The SPX ended up 22 points at 6083 on 4.9 billion shares traded. only 48% of stocks were rising by the close. The NASDAQ ....... Read More

Morning Investing Strategy Notes for Thu Feb 6 2025

For FullyInformed Members the morning Investing Strategy Notes for Thu Feb 6 2025 review the outlook as we head into the January employment report on Friday before the open. There are a large number of trades outlined today. Stocks discussed include ARM ....... Read More

Stock Market Outlook for Thu Feb 6 2025 – Choppy Dips Possible But Still Up

Prior Trading Day Summary: On Wednesday stocks had a choppy day but kept a bullish bias. By the close the majority of the SPX and NASDAQ were moving higher despite a plunge in Alphabet Stock (GOOGL) and Advanced Micro Devices Stock (AMD). ....... Read More

Stock Market Outlook for Wed Feb 5 2025 – Choppy With A Lower Close

Prior Trading Day Summary: On Tuesday stocks staged a rebound bounce as investors cheered the tariffs with Mexico and China being delayed 30 days. The SPX rose 43 points wiping out yesterday's 45 point loss. The NASDAQ rose 262 points, also wiping ....... Read More

Morning Investing Strategy Notes for Wed Feb 5 2025

For FullyInformed Members the morning Investing Strategy Notes for Wed Feb 5 2025 review Tuesday's bounce. Stocks discussed include Clorox Stock (CLX), Alphabet Stock (GOOGL), Chipotle Mexican Grill Stock (CMG), ARM Stock (ARM), Eli Lilly Stock (LLY) and more. The morning Investing ....... Read More

Morning Investing Strategy Notes for Tue Feb 4 2025

For FullyInformed Members the morning Investing Strategy Notes for Tue Feb 4 2025 review the sell-off on Monday and the outlook for today. Stocks discussed include Palantir Tech Stock (PLTR), NXP Semiconductor Stock (NXPI), Uber Tech Stock (UBER), Walt Disney Stock (DIS) ....... Read More

Stock Market Outlook for Tue Feb 4 2025 – Possible Bounce But Lower Close

Prior Trading Day Summary: On Monday stocks reacted negatively to news of President Trump placing tariffs on Mexico, Canada and China. By the end of the day the news had changed to a 30 day pause for Mexico and Canada in tariffs ....... Read More

Morning Investing Strategy Notes for Mon Feb 3 2025

For FullyInformed Members the morning Investing Strategy Notes for Mon Feb 3 2025 review the outlook for the start of February trading. Stocks discussed include Apple Stock (AAPL), Palantir Tech Stock (PLTR), PayPal Stock (PYPL), PepsiCo Stock (PEP) and more. The morning ....... Read More

Stock Market Outlook for Mon Feb 3 2025 – Lower Close Over Tariff Worries

Prior Trading Day Summary: On Friday Jan 31, stocks ended the day lower in an afternoon tumble that saw the SPX fell from 6112 shortly after 1:00 PM to 6031 before closing at 6040. The tumble was over news of impending tariffs ....... Read More

Morning Investing Strategy Notes for Fri Jan 31 2025

For FullyInformed Members the morning Investing Strategy Notes for Fri Jan 31 2025 review Thursday's choppy day and positive close. Stocks discussed include Apple Stock (AAPL), Microsoft Stock (MSFT), Caterpillar Stock (CAT), United Parcel Service Stock (UPS), VISA Stock (V), Deckers Stock ....... Read More

Stock Market Outlook for Fri Jan 31 2025 – Choppy – Dip Possible But Still Up

Prior Trading Day Summary: On Thursday stocks started the day weak and by 11:00 the SPX had slipped to 6027 but with limited downside pressure, investors bought into stocks and by 3:30 the SPX was up to 6086. The last half hour ....... Read More

Morning Investing Strategy Notes for Thu Jan 30 2025

For FullyInformed Members the morning Investing Strategy Notes for Thu Jan 30 2025 review Wednesday's choppy trading and the outlook for the next few trading days. There are a large number of trades outlined for today. Stocks discussed include Microsoft Stock (MSFT), ....... Read More

Stock Market Outlook for Thu Jan 30 2025 – Higher Open But Lower Close

Prior Trading Day Summary: On Wednesday stocks faced a choppy day with a number of dips including during Fed Chair Powell's press conference. The SPX had a wide range with a intraday low of 6013 and high of 6062. This 49 point ....... Read More

Morning Investing Strategy Notes for Wed Jan 29 2025

For FullyInformed Members the morning Investing Strategy Notes for Wed Jan 29 2025 review Tuesday's bounce and the outlook for today. Stocks discussed include IWM ETF, Tesla Stock (TSLA), Microsoft Stock (MSFT), Meta Stock (META) and more. The morning Investing Strategy Notes ....... Read More

Stock Market Outlook for Wed Jan 29 2025 – Bullish Even With The Fed

Prior Trading Day Summary: On Tuesday stocks staged a rebound with the SPX closing up 55 points, recovering 66% of Monday's loss. The NASDAQ rose 391 points recovering 64% of Monday's loss. Let's review the technical indicators at the close on Tue ....... Read More

Morning Investing Strategy Notes for Tue Jan 28 2025

For FullyInformed Members the morning Investing Strategy Notes for Tue Jan 28 2025 review Monday's tech sell-off. Stocks discussed include IWM ETF, Starbucks Stock (SBUX), F5 Networks Stock (FFIV), Norfolk Southern Corp Stock (NSC) and more. The morning Investing Strategy Notes are ....... Read More

Stock Market Outlook for Tue Jan 28 2025 – Bounce Likely

Prior Trading Day Summary: On Mon Jan 27 2025 stock indexes were lower as tech stocks sold-off following reports of a "cheaper" AI model being released by a Chinese startup, DeepSeek. While information was a bit murky, investors decided it was better ....... Read More

Morning Investing Strategy Notes for Mon Jan 27 2025

For FullyInformed Members the morning Investing Strategy Notes for Mon Jan 27 2025 review the outlook for the start of the final week of January. Stocks discussed include Texas Instruments Stock (TXN), American Express Stock (AXP), Nucor Stock (NUE), General Motors Stock ....... Read More

Stock Market Outlook for Mon Jan 27 2025 – Overbought – Dips Likely – But Bullish Heading Into More Earnings

Prior Trading Day Summary: On Friday Jan 24, markets moved lower as the indexes remain overbought heading into the important week ahead of earnings from some of the biggest corporations. The SPX closed down 17 points for a modest loss and a ....... Read More

• 1
• 2
• 3
• …
• 315
• ›