Prior Trading Day Summary
On Thu Aug 13 2026 the July PPI numbers came in more “tame” than many analysts were predicting. Stocks moved higher as a result.
The SPX ended the day up 50 points to close at 7798, a new closing high. Intraday the SPX made a new all-time high of 7816.70. Volume was lighter at 4.9 billion shares with 66% of all trading volume advancing and 62% of stocks rising by the close.
The NASDAQ rose 214 points ending the day at 26,803. The index is just 387 points from its old 52 week high. Volume was at 8.6 billion shares traded. By the close 64% of all volume was advancing along with 58% of stocks.
Let’s review the technical indicators from the close of Thu Aug 13 2026 to see what they predict for Fri Aug 14 2026.
Stock Market Outlook: SPX Closing Chart For Thu Aug 13 2026
The index ended the day below the Upper Bollinger Band for a fourth day which is bearish.
The closing candlestick is bullish for Friday with a short shadow indicating dips today will be quick.
The 21 day moving average is rising and closed at 7566. This is bullish.
The 50 day moving average is rising and closed at 7507. This is bullish.
The 100 day moving average is rising and closed at 7351. This is bullish.
The 200 day moving average is rising and closed at 7095. This is bullish.
The Lower Bollinger Band is falling which is bullish. The Upper Bollinger Band is rising. The signal is bullish for stocks.
The SPX chart is still more bullish than bearish for Friday.
SPX Stock Market Outlook review of Thu Aug 13 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive. It is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Mon Aug 3 2026. The up signal was unchanged on Thu Aug 13 2026.
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Ultimate Oscillator: The Ultimate Oscillator is rising which is bullish.
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Slow Stochastic: The Slow Stochastic has an up signal in place. It is overbought.
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Relative Strength Index: The RSI signal is rising and overbought. This is bullish.
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| Rate of Change: The rate of change is rising. It is signaling Friday will end higher. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 7825 is resistance |
| 7800 is resistance |
| 7780 is resistance |
| 7750 is resistance |
| 7700 is resistance |
| 7650 is resistance |
| 7600 is resistance |
| 7590 is resistance |
| 7570 is resistance |
| 7550 is resistance |
| 7500 is resistance |
| 7450 is support |
| 7425 is support |
| 7400 is support |
| 7370 is support |
| 7350 is support |
| 7300 is support |
Stock Market Outlook for Fri Aug 14 2026
For Fri Aug 14 2026 the two principal inflation readings from Wednesday and Thursday were both indicating that inflation is not increasing. The PPI numbers on Thursday were lower than estimated.This adds support for stocks to continue to move higher as interest rates are unlikely to rise in September. This is bullish for stocks. On Friday the outlook is higher for the indexes by the close of trading.
Potential Economic and Political Market Moving Events
Monday:
No events
Tuesday:
10:00 Existing Home Sales for June estimated to slip to 4.0 million from 4.1 million prior
Wednesday:
8:30 CPI for Jul met estimates at 0.1%
8:30 Core CPI Month over month for July met estimates at 0.2%
8:30 CPI Year-over-year for July came in at 3.4% from 3.5% prior
8:30 CPI Core year-over-year for July met estimates at 2.5% from 2.6% prior
Thursday:
8:30 Weekly Initial Unemployment Insurance Claims were higher than estimated at 209,000
8:30 Producer Price Index for July was lower than estimated at 0.0%
8:30 PPI Year-over-year for July came in below estimates at 4.7% down from 5.5%
Friday:
8:30 Retails sales for July are estimated as unchanged at 0.1%