The Outlook Wednesday saw another day of pressure on stocks and the index did fall below 5900 but closed above this important support level. Everything on Friday to start the day will depend on the December jobs numbers. Analysts are expected a large drop to 155,000 jobs versus 227,000 jobs prior. Analysts though have been wrong by a wide margin...
The Outlook The decline on Tuesday was sparked by rising bond yields which are reaching levels that often compete with stocks. The 30 year bond for example, is nearing 5%. For many pension funds, this becomes an attractive alternative. However as explained in the stock market outlook for today, the index since the Nov 5 elections has actually...
The Outlook The afternoon slide in stocks on Monday saw relentless selling. The selling started once the SPX reached 6020. The close was below the open and often that signals a second bounce attempt on the following day and then a lower or a flat close. That said, the technical indicators are more bullish. We could see a bounce for a third day...
The Outlook Friday was an excellent day for stocks and on good volume. The question now is whether investors are still in the buying mood heading into Monday. The rally had the largest point gain since November 5 on the SPX which is a good sign. However a number of stocks are overbought and that could lead to profit-taking Monday morning at or...
The Outlook The outlook has not changed despite Thursday giving back the early morning rally. A second bounce attempt is likely today or Monday. Remember to keep trade sizes small while waiting for confirmation that stocks are going to recover from the end of year profit-taking and not move lower. While I believe the selling has been...
The Outlook The past few trading days have seen profit-taking into the year-end. Even Tuesday Dec 31 saw a loss on the markets as investors continued to take profits. However if you looked at the Stock Market Outlook for today you can see that as of Tuesday, the SPX is almost at the same level as Dec 18 when the market collapsed following Fed...