Stock Market Outlook for Fri Mar 29 2019 – An Up Day

The biggest event for Thursday wasn’t the positive close. It was the index tumbling once again back to the 2800 level mid-morning. However this time the index held and sellers stopped refusing to dump shares and push the index lower. This signal advises that Friday will be higher.

Stock Market Outlook Chart Comments At The Close on Thu Mar 28 2019 

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 50 day moved above the Lower Bollinger Band today another indication that the market intends to move higher.

The closing candlestick was bullish for Friday and once again the SPX dipped to the 2800 level which is the 21 day moving average at present and then moved back up. The market looks ready to move higher. We should see the Bollinger Bands Squeeze end next week with the index moving higher.

Stock Market Outlook review of Thu Mar 28 2019

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is positive and rising.

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

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Friday March 22 2019. The down signal was unchanged today.

• 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 negative and falling.

• 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 ready to move higher.

• 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.

• 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 unchanged which is usually a signal that stock prices are not expected to climb or fall much on Friday.

• 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 resistance

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 Mar 29 2019 

Friday could see some weakness in the morning and even a move down to 2810 or 2805 wouldn’t be concerning. However the indicators are pointing to what could be the start of a move to retake the 2850 level next week.

Friday looks set to try to recover back to the 2825 or even 2835 valuations. There may not be a big move higher on Friday, but even a small move higher such as we saw today will setup the index for a push higher next week.

All week the index failed to breakdown and with billions of shares traded daily, many stocks have changed hands. Many concerned investors have sold out and that could set the stage for the next move up for the index as next week we start into April.

Stock Market Outlook Archives

Morning Investing Strategy Notes for Thu Jan 23 2025

For FullyInformed Members the morning Investing Strategy Notes for Thu Jan 23 2025 review the outlook for Thursday following another higher close on Wednesday.. Stocks discussed include Abbott Labs Stock (ABT), GE Vernova Stock (GEV), Texas Instruments Stock (TXN), American Express Company ....... Read More

Stock Market Outlook for Thu Jan 23 2025 – Overbought – Possible Flat to Lower Close

Prior Trading Day Summary: Wednesday saw another positive day and the SPX moved above the 6100 intraday, for the first time in history. The index closed at 6086.37, a new closing high.  Volume dipped by 400 million shares to 4.4 billion. New ....... Read More

Morning Investing Strategy Notes for Wed Jan 22 2025

For FullyInformed Members the morning Investing Strategy Notes for Wed Jan 22 2025 review the outlook for Wednesday. Stocks discussed include Netflix Stock (NFLX), United Airlines Stock (UAL), Discover Financial Stock (DFS), American Airlines Stock (AAL), GE Aerospace (GE)  and more. The ....... Read More

Stock Market Outlook for Wed Jan 22 2025 – MACD Up Signal Confirmed

Prior Trading Day Summary: Tuesday's rally was stronger than expected with the SPX rallying 52 points ending the day above 6000 at 6049. Volume rose 400 million shares to 4.8 billion with 74% of volume advancing and 79% of all stocks rising. ....... Read More

Morning Investing Strategy Notes for Tue Jan 21 2025

For FullyInformed Members the morning Investing Strategy Notes for Tue Jan 21 2025 review the outlook for the third week of January. Stocks discussed include JP Morgan Chase Stock (JPM), Goldman Sachs Stock (GS), Apple Stock (AAPL),  Netflix Stock (NFLX), United Airlines ....... Read More

Stock Market Outlook for Tue Jan 21 2025 – Unconfirmed MACD Up Signal

Prior Trading Day Summary: Friday's rally was ended with the second best rally of the week. The SPX rallied 59 points to end the week at 5996 but intraday it moved back 6000. Volume was higher than usual for the day before ....... Read More

Morning Investing Strategy Notes for Fri Jan 17 2025

For FullyInformed Members the morning Investing Strategy Notes for Fri Jan 17 2025 review the choppy trading on Thursday and outlook for Friday. Stocks discussed include UnitedHealth Group Stock (UNH), 3M Company Stock (MMM), Charles Schwab Stock (SCHW) and more. The morning ....... Read More

Stock Market Outlook for Fri Jan 17 2025 – A Little Weakness But Still Higher

Prior Trading Day Summary: Thursday saw investors taking profits after Wednesday's huge rally. In the final hour of trading the SPX was positive until sellers pushed back, taking profits and sending the SPX lower by 12 points to end the day at ....... Read More

Morning Investing Strategy Notes for Thu Jan 16 2025

For FullyInformed Members the morning Investing Strategy Notes for Thu Jan 16 2025 review Wednesday's massive rally and outlines the outlook for the rally and handling trades over the next several weeks. Stocks discussed include Taiwan Semiconductor Stock (TSM), UnitedHealth Group Stock ....... Read More

Stock Market Outlook for Thu Jan 16 2025 – Higher Still

Prior Trading Day Summary: On Wednesday everything fell into place as the oversold market staged a strong rally as bond yields dipped on the back of slightly weaker core CPI numbers and exceptional earnings from the first round of bank earnings, released ....... Read More

Morning Investing Strategy Notes for Wed Jan 15 2025

For FullyInformed Members the morning Investing Strategy Notes for Wed Jan 15 2025 review Tuesday's volatile day of trading along with the outlook for Wednesday's trading. Stocks discussed include TQQQ ETF, Taiwan Semiconductor Stock (TSM), UnitedHealth Group Stock (UNH), Bank Of America ....... Read More

Stock Market Outlook for Wed Jan 15 2025 – All About Bank Earnings

Prior Trading Day Summary: On Tue Jan 14 2025 stocks once more gyrated between gains and losses. The S&P was as low as 5805 and as high as 5871 before closing up 6 points to 5842. Volume dipped lower on Tuesday with ....... Read More

Morning Investing Strategy Notes for Tue Jan 14 2025

For FullyInformed Members the morning Investing Strategy Notes for Tue Jan 14 2025 review Monday's market action which ended with a slight gain. Stocks discussed include TQQQ ETF, Citigroup Stock (C), JP Morgan Chase (JPM), Wells Fargo Stock (WFC), Goldman Sachs Stock ....... Read More

Stock Market Outlook for Tue Jan 14 2025 – Second Bounce Likely

Prior Trading Day Summary: On Monday stocks opened lower but all 3 indexes managed to close the day higher. The SPX fell below the 100 day moving average in the morning but managed to find buyers to help push the index back ....... Read More

Morning Investing Strategy Notes for Mon Jan 13 2025

For FullyInformed Members the morning Investing Strategy Notes for Mon Jan 13 2025 review Friday's sell-off, the outlook for today and the week. Stocks discussed include TQQQ ETF, Walt Disney (DIS), JP Morgan Chase (JPM), Wells Fargo Stock (WFC), Citigroup Stock (C) ....... Read More

Stock Market Outlook for Mon Jan 13 2025 – Still Bearish – Bounce Attempt Likely

Prior Trading Day Summary: On Friday investors sold stocks lower following a stronger than anticipated December jobs report which showed over 100,000 more jobs created than estimated. Many investors looked at the jobs numbers as possibility inflationary and a reason for the ....... Read More

Morning Investing Strategy Notes for Fri Jan 10 2025

For FullyInformed Members the morning Investing Strategy Notes for Fri Jan 10 2025 review Wednesday's market action and the outlook for Friday. Stocks discussed include Delta Air Lines Stock (DAL), Broadcom Stock (AVGO), Constellation Brands Stock (STZ), Apple Stock (AAPL) and more. ....... Read More

Stock Market Outlook for Fri Jan 10 2025 – All About The December Employment Numbers

Prior Trading Day Summary: On Wednesday stocks traded between losses and gains but by the close the SPX was up 9 points to 5918. Intraday the index slipped to a low of 5874 which was not as low as Jan 2or Dec ....... Read More

Morning Investing Strategy Notes for Wed Jan 8 2025

For FullyInformed Members the morning Investing Strategy Notes for Wed Jan 8 2025 review Tuesday's sell-off and discuss the outlook and when we may see another rally attempt. Stocks discussed include Walt Disney Stock (DIS), Microsoft Stock (MSFT), Advanced Micro Devices Stock ....... Read More

Stock Market Outlook for Wed Jan 8 2025 – Possible Rally Attempt But Still Lower

Prior Trading Day Summary: On Tuesday the day ended as expected. Monday's close pointed to a bounce attempt to start the day and then more selling and a lower close. The close though was lower than I had expected. The problem with ....... Read More

• 1
• 2
• 3
• …
• 314
• ›