Day After Inauguration – Stock Market Outlook Midday Analysis for Thu Jan 21 2021

stock-market-outlook-intraday-midday

The SPX midday made another new high today of 3861.45 and as the lunch hour ends it is down just 0.36% from that high. Support continues to hold around the 3845 level but there are lots of bears coming out the day after the new President’s inauguration warning markets are overvalued.

VIX Index Strategy

The VIX continues to stay above $20. It dipped to $21.15 this morning but moved back to $22 as the lunch hour ends.

Market Breadth Indicator

On New York a full 63% of all volume is being traded to the downside and 59% of all stocks are falling.

On the NASDAQ 68% of al volume heading out of the lunch hour is to the downside and 60% of all stocks are falling.

Closing Outlook

For today the close is looking more negative as stocks falling are outweighing stocks gaining. As well, those stocks leading today such as Apple (AAPL) and Home Depot Stock (HD) to mention just two are drawing in higher volumes which shows that the stocks rising after yesterday’s rally are concentrated in fewer hands which is resulting in more stocks falling.

The close still has a chance for a positive end but the outlook is slanted to the negative. Despite all the opinions to the market tumbling shortly, these remain primarily predictions and the technical indicators still point to strength in New York and the NASDAQ.

  The rest of the Stock Market Outlook Midday Intraday Chart Analysis is for FullyInformed Members.

Stock Market Outlook Midday for Jan 21 2021



List all intraday chart articles from most recent to oldest



Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.

Stay FullyInformed With Email Updates

    Your First Name (required)

    Your Email (required)

    Anti-Spam: Please Answer This Math Question

    I will send you a reply to confirm that you want to subscribe before sending any emails.


    Market Direction Internal Links

    Profiting From Understanding Market Direction (Articles Index)

    How I Use Market Timing

    How I Use Market Timing

    Understanding Short-Term Signals

    Various Market Timing Systems

    Market Direction Portfolio Trades (Members)

    Market Direction External Links

    Market Direction

    IWM ETF Russell 2000 Fund Info

    Market Direction SPY ETF 500 Fund Info