The stock market outlook for the first week of May lived up to its historic pattern of weakness. In fact this week the S&P performed right on cue with its past. The first trading day of May has historically been strong. That’s exactly what we saw as the S&P moved to its highest level of the week, reached 2082.94 intraday.
Tuesday, Wednesday and Thursday have historically been poor for the markets, which again is exactly what we saw. The trading day before Mother’s Day is historically higher, which again is what we saw on Friday with the S&P climbing back from dropping just below 2040 at 2039.45, to close at 2057.14. Historically then this past week is another page in the record book that continues to support the stock market outlook for the month of May.
S&P chart – First Week Of May 2016
The one minute chart below shows the action for the week. Monday started the week off at 2067 on the S&P. It was also the best day. Tuesday, Wednesday and Thursday stocks moved lower. Friday stocks fell to the important 2040 level and then bounced ending the week back at 2057. Overall the S&P was down 0.48% for the first week of May. Historically, this has been what investors have witnessed for the past 3 decades for the first week of May.
SPX 1 Minute Chart First Week of May 2016
The stock market outlook for the second week of May looks at a variety of topics including the trading valuation guides to use, trading tips, a variety of charts, volume analysis and investor sentiment to forecast the Stock Market Outlook for the week ahead. Being prepared for the week ahead is an excellent way to not only profit in the week ahead but be prepared emotionally for any kind of roller coaster ride the market might throw at investors….. the rest of The Week Ahead article is for FullyInformed Members.
Stock Market Outlook – The Week Ahead For The Second Week of May 2016
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