The Outlook The PPI (Producer Price Index) numbers are released before the open today at 8:30. These will influence the market direction and action on Tuesday especially in the morning. The afternoon though could see the technical indicators having more influence. I am not expecting a large sell-off today but if there is a dip, I will be watching...
The Outlook The SPX remains overbought to start the week. There is not much change from Friday's outlook. Monday still has a good chance for a lower close but overall the index remains bullish. There are a number of companies that report earnings this week which could see some larger moves. Home Depot Stock (HD) is one of them. It reports...
The Outlook The SPX is overbought and for Friday there is a chance for a lower close. If the index does close lower it will be simply profit-taking ahead of the weekend. Next week should be higher. The index is at the point where it may push higher and retest the 52 week high of the SPX next week. Morgan Stanley Stock (MS) Bank stocks are...
The Outlook The stock market technical indicators are advising that many stocks are overbought once again. On Thursday there are signals that the day could end lower. The overall outlook though remains bullish. On Thursday watch for dips to see if they are bought into. A drop down to the 50 day moving average might occur today but as long as the...
The Outlook For Wednesday we should see some selling and dips but overall the outlook is still bullish. Wynn Resorts Stock (WYNN) They reported excellent earnings yesterday after the close. The stock rose after hours but it could give back the after hours rally today. If the stock rallies I plan to sell the $95 put strike for either May 17 or May...
The Outlook On Monday the MACD up signal was confirmed and the SPX closed back above the 50 day moving average. This signals that the current correction is over. Apple Stock (AAPL) On Monday Apple Stock dipped only slightly. I am hoping for more downside before placing the next trade in the Million Dollar Challenge Portfolio. Berkshire Hathaway...