The Outlook In the Stock Market Outlook I explained that while we got a confirmation of Tuesday's down signal from the MACD technical indicator, I think there are signs we will see this period of weakness draw to a close if NVIDIA earnings meet or beat estimates today after the close. I am staying cautious today which was the plan for yesterday...
The Outlook Tuesday will really depend on Walmart and Lowes earnings. I expect Walmart will beat estimates but not Lowes. If Lowes does beat estimates they may lower their outlook for the year. If that happens we will have a choppy day of trading and we might see a confirmation of Monday's MACD down signal. Overall I am not expecting a huge move...
The Outlook The outlook for Friday had been for a lower close but I had not expected the close to be so deep, thanks in large part to semiconductor stocks tumbling. A large part of the selling was caused by Applied Materials whose stock fell 9% or $17.12 after reporting disappointing forward revisions. The SMH ETF fell 3.32% or $8.32 to close at...
The Outlook I had expected a higher close on Thursday but Fed Chair Powell comments, mixed with hotter PPI numbers sunk any chance of a higher close. For Friday investors have a lot of economic reports including retails sales, to wade through. I am expecting another higher open but lower close with choppy trading. Shopping on Friday On Friday two...
The Outlook Stocks remain overbought but are consolidating as many investors are taking profits. The markets remained uneven in trading but overall they are hanging onto most of the gains from the recent rally despite many analysts who are calling for a correction of 3% to 5%. That's a hard call to make as this tends to be a strong two months for...
The Outlook Stocks are still overbought for the start of the day despite a fair amount of selling on Tuesday. While the indexes did not fall very much, volumes were high on both exchanges. The SPX saw 78% of all stocks falling and the NASDAQ had 67% of all stocks turning lower. For today I am expecting further dips and a lower close. There will...