Tonight’s Stock Market Outlook is shortened to allow more time for “stocking stuffer trades” to be posted.
For the third day on Thursday, stock indexes ended the day slightly lower.
S&P Index Close
The S&P index ended the day down 4.22 to close at 2260.96
Dow Jones Index
The Dow Jones ended the day higher down 23.08 to close at 19,918.88.
NASDAQ Index Close
The NASDAQ closed down 24.01 points to 5,447.42.
Stock Market Outlook for Tomorrow – Dec 23 2016
Markets are still facing low holiday volume and Friday will probably be the lowest volume day of the year. I would anticipate another day of weakness but losses should again be slight to neutral on the day.
MACD technical indicator was basically neutral at the close so on Friday we could see a sell signal if the markets move lower.
On Thursday the outlook was for markets to move sideways and keep a slight downside bias. There should not be much change on Friday from that outlook, but Tuesday should see the market pick up the pace and move higher. Monday is a holiday.
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