Market Direction Outlook and Investing Strategy Notes for Nov 4 2015

Both Monday and Tuesday the S&P closed above 2100. On Tuesday the S&P broke through 2110 which for a lot of traders was a “sell point” where many had discussed moving out of positions they had bought earlier in October. Whether this happens right away is anyone’s guess, but at some point the S&P will retest the 2100 level, in my opinion, and it could be as soon as Wednesday. If not Wednesday it could be Friday when the non-farm payroll numbers come out. If the employment numbers  show strength which is what analysts expect, this could mean a December rate hike will be far more likely. That will depress stocks.

Market Direction Closings

Markets moved higher again on Tuesday but closed off their mid-afternoon highs. The S&P closed at 2,109.79 just below 2110 and well off the intraday high of 2116.48. The DOW closed at 17,918.15 up 89.39 and well off the intraday high of 17,977.85 . The NASDAQ closed at 5,145.13 up 17.98

Members Only Market Direction Outlook for Nov 4 2015

The rest of the Market Direction Outlook  is for members as I lay out the market direction I am expecting for Wednesday through Friday and discuss my trading outlook.  FullyInformed Members can read the latest Market Direction Outlook and review my trading outlook directly through this link. Members can also sign in to the Members’ site here. Non-members can join here or read about the benefits of a membership.

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