There is no full technical analysis from Wednesday.
The tone of Fed Chair Powell’s speech was dramatically different as the Fed Chair finally seemed to realize that the hawkish path the Fed was on would probably result in ending one of the best economies in decades for the USA.
As many analysts remarked on Wednesday following his speech – “The Fed Blinked”.
There will be dips on Thursday in all 3 indexes, but the outlook has changed from down to up.
There are a lot of short sellers. That means dips are going to be used to try to get out of short positions. Dips will be shorter because of this. It should also mean some dramatic rallies lie ahead.
Stock Market Outlook Archives
Stock Market Outlook for Fri Nov 15 2024 – Choppy With Bias Lower
Prior Trading Day Summary: For Thursday I had expected the index to dip a bit deeper than previous but to recover and close flat to higher. Instead the index slipped ....... Read More
Stock Market Outlook for Thu Nov 14 2024 – Choppy – Dips Possible But Higher Close
Prior Trading Day Summary: On Wednesday stocks tried to climb but found ready sellers who took advantage of each jump higher in individual stocks. By the end of the day ....... Read More
Morning Investing Strategy Notes for Thu Nov 14 2024
For FullyInformed Members the morning Investing Strategy Notes for Thu Nov 14 2024 review the outlook for stocks as weakness continues to dominate trading. There are a number of stocks ....... Read More
Morning Investing Strategy Notes for Wed Nov 13 2024
For FullyInformed Members the morning Investing Strategy Notes for Wed Nov 13 2024 review the outlook for stocks following a lower close on Tuesday. There are a number of stocks ....... Read More
Stock Market Outlook for Wed Nov 13 2024 – Choppy Trading Bias Lower
Prior Trading Day Summary: On Tuesday the week long rally finally ran into too many sellers and stocks slipped lower. The SPX fell 17 points and closed at 5984. Volume ....... Read More
Morning Investing Strategy Notes for Tue Nov 12 2024
For FullyInformed Members the morning Investing Strategy Notes for Tue Nov 12 2024 review the outlook for the rally as signs of it slowing are being reflected by the technical ....... Read More
Stock Market Outlook for Tue Nov 12 2024 – Overbought – Dips Likely But Bullish
Prior Trading Day Summary: On Monday investors continued the rally but while the closes were slightly higher, selling is taking place more often as some investors are scaling back on ....... Read More
Morning Investing Strategy Notes for Mon Nov 11 2024
For FullyInformed Members the morning Investing Strategy Notes for Mon Nov 11 2024 review the outlook for the start of the second week of November. There are a number of ....... Read More
Stock Market Outlook for Mon Nov 11 2024 – Overbought – Higher Still
Prior Trading Day Summary: On Friday investors continued the rally and pushed above 6000 before closing just below it at 6995 for a 22 point gain. For the week the ....... Read More
Morning Investing Strategy Notes for Fri Nov 8 2024
For FullyInformed Members the morning Investing Strategy Notes for Fri Nov 8 2024 review the outlook for the final trading day of what has been an incredible week for stocks.. ....... Read More
Stock Market Outlook for Fri Nov 8 2024 – Overbought – Dips Likely But Higher Close
Prior Trading Day Summary: On Thu Nov 7 2024 investors continued to pour capital into stocks as the Fed cut interest rates a quarter point as expected. The S&P rose ....... Read More
Morning Investing Strategy Notes for Thu Nov 7 2024
For FullyInformed Members the morning Investing Strategy Notes for Thu Nov 7 2024 review the outlook after Wednesday's massive post election rally. There are a large number of stocks discussed ....... Read More
Stock Market Outlook for Thu Nov 7 2024 – All About The Fed – Higher
Prior Trading Day Summary: On Wed Nov 6 2024 investors poured money into stocks that had been sitting on the sidelines waiting for a resolution to the Presidential election. The ....... Read More
Morning Investing Strategy Notes for Wed Nov 6 2024
For FullyInformed Members the morning Investing Strategy Notes for Wed Nov 6 2024 review the outlook after Tuesday's election results. There are a number of stocks discussed including Supermicro Stock ....... Read More
Stock Market Outlook for Wed Nov 6 2024 – Election Rally Continues
Prior Trading Day Summary: On Tuesday the outlook was for weakness and another bounce attempt ahead of the elections. Instead, investors jumped into stocks in a big way with a ....... Read More