Stock Market Outlook for Thu Mar 30 2023 – Higher Still

On Wednesday stocks opened higher and built on the morning buying pressure. By the close the S&P was up 56 points for a 1.4% gain to close at 4027. The NASDAQ rose 210 points for a 1.8% gain to close at 11,926.

It was a much stronger day than expected with solid gains in the indexes as investors focus shifted away from the banking “crisis”.

Let’s review the closing technical indicators from Wed Mar 29 2023 to see what we should expect for Thu Mar 30 2023.

Stock Market Outlook Chart Comments At The Close on Wed Mar 29 2023 

The index closed with a bullish candlestick for Thursday and back above all major moving averages.

The Upper Bollinger Band is starting to turn up and the Lower Bollinger Band is turning down. Both are bullish signals as the Bollinger Bands Squeeze looks set to send indexes higher.

The 200 day moving average is falling which is bearish. The 21 day is turning back up and may cross above the 100 day moving average shortly. That will be a new bullish signal.

The 50 day continues above the 200 day which is bullish. The 100 day is moving sideways above the 21 day. This is bearish.

At present there are 4 down signals in place since April 24 and 3 up signals since Jan 13.

The chart is more bullish than bearish for Thursday. A higher day is expected.

Stock Market Outlook review of Wed Mar 29 2023

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is rising and positive.

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

MACD Histogram: MACD (Moving Averages Convergence / Divergence) up signal from Mar 21 gained more strength. The histogram is also positive.

• 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 is rising and positive.

• 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.

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 positive.

• 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 and back positive.

• 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 and Resistance Levels To Be Aware Of:

4100 is resistance

4090 is resistance

4075 is resistance

4050 is resistance

4030 is resistance

4025 is resistance

4000 is support

3975 is light support

3965 is light support

3950 is good support

3930 is light support

3900 is good support

3870 is light support

3850 is good support

3825 is light support

3810 is light support

3800 is good support

3775 is good support

Stock Market Outlook for Thu Mar 30 2023 

The technical indicators have swung back to positive and bullish. In the Support and Resistance section, the 4000 valuation turned to support from resistance.

All the technical indicators gains strength and are positioned to move higher on Thursday. Dips are once again opportunities to setup trades.

I will be buying SPY call options in the Market Direction Portfolio on Thursday.

Potential Economic and Political Market Moving Events

Thursday:

8:30 GDP is expected to come in at 2.7%

8:30 Weekly Initial Unemployment Insurance Claims is expected to come in at 195,000

4:15 Fed H 4.1 report on bank lending is released

Three Fed officials speak on Thursday afternoon. None are expected to swing markets lower.

Stock Market Outlook Archives

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

Morning Investing Strategy Notes for Tue Jan 7 2025

For FullyInformed Members the morning Investing Strategy Notes for Tue Jan 7 2025 review Monday's rally and the afternoon selling which saw the SPX drop 43 points from the intraday high. Stocks discussed include Nike Stock (NKE), Walt Disney Stock (DIS), Apple ....... Read More

Stock Market Outlook for Tue Jan 7 2025 – Morning Bounce Likely But Lower Close

Prior Trading Day Summary: On Monday I had expected a bit of a dip in the morning and then a push higher. Instead the SPX opened above 5990, raced to 6020 and then fell back to close below the morning open at ....... Read More

Morning Investing Strategy Notes for Mon Jan 6 2025

For FullyInformed Members the morning Investing Strategy Notes for Mon Jan 6 2025 review Friday's strong rally and discusses the outlook for January. Stocks discussed include NVIDIA Stock (NVDA), Apple Stock (AAPL), Crowdstrike Stock (CRWD), Starbucks Stock (SBUX), SPY ETF and more. ....... Read More

Stock Market Outlook for Mon Jan 6 2025 – Morning Dip Likely But Higher Close

Prior Trading Day Summary: On Friday stocks finally bounced on good volume to end the week on a positive note. The S&P closed up 74 points for the best one day gain since Nov 6. Volume jumped to 3.8 billion shares with ....... Read More

• 1
• 2
• 3
• …
• 313
• ›