The Outlook The CPI numbers were on the low side of estimates and that cheered on investors who bought into stocks on Wednesday sending the indexes to new all-time highs. The NASDAQ saw over 9 billion shares traded, a strong signal to the upside as investors now expect the Fed to begin rate cuts by July. Whether that happens is anyone's guess....
The Outlook The PPI numbers were higher than expected but the afternoon saw buyers pushing the indexes still higher. Today the CPI numbers are going to have to be a lot worse for stocks to fall by much. The outlook remains positive at present and that means further new highs this week for the indexes. Intel Stock (INTC) Semiconductor stocks are...
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...