Stock Market Outlook For Fri May 15 2026 – New Highs Expected To End The Week

Prior Trading Day Summary

On Thu May 14 2026 earnings from Cisco helped to propel stocks to above the 7500 level on the S&P for another new all-time closing high.

The S&P rose 57 points to close at 7501. Volume was lower at 5.4 billion with 58% of all stocks rising into the close.

The NASDAQ rose 232 points to close at 26,635, another new closing high for the index. Volume rose on the NASDAQ to 10.3 billion.

Let’s review the closing technical indicators from Thu May 14 2026 to see what they predict for Fri May 15 2026.

Stock Market Outlook: SPX Closing Chart For Thu May 14 2026 

The index closed above all major moving averages and at the Upper Bollinger Band. This is bullish.

The closing candlestick is bullish for Friday.

The 21 day moving average is rising and closed at 7236. This is bullish.

The 50 day moving average is rising and closed at 6909. This is bullish but still below the 100 day moving average.

The 100 day moving average is rising and closed at 6918. Each day that the 100 day is above the 50 day is a sign of underlying weakness to the uptrend.

The 200 day moving average is rising and closed at 6726. This is bullish.

The Lower Bollinger Band had stopped climbing which is bearish. The Upper Bollinger Band is moving higher which is bullish.

The SPX chart is more bullish than bearish for Friday. A new high is expected on Friday.

SPX Stock Market Outlook review of Thu May 14 2026

Stock Market Outlook: Technical Indicators Review

Stock Market Outlook for Fri May 15 2026 

For Fri May 15 2026 the outlook is for a choppy morning but a new high is expected either intraday or at the close.

The support levels have moved to the 7150 level while the resistance level is up to the 7500 level. You can see from the support – resistance table that the rally has been strong up to the 7500 level. That also means any dips could end up being deeper than expected as support is light due to the rapid rise in the SPX. On Thursday the retails sales showed some weakness and the Weekly Initial Unemployment Insurance Claims rose. Both of these are signaling the rapid rise in oil prices may be having more of an impact than the government thinks.

Potential Economic and Political Market Moving Events

Monday:

10:00 Existing home sales for April came in lower than estimated at 4.02 million.

Tuesday:

8:30 The Consumer Price Index is revealed. Estimates are for a drop to 0.6% versus 0.9% prior

830: CPI year-over-year is estimated to rise to 3.8% from 3.3% prior – this will be bearish for stocks

8:30 Core CPI is estimated at 0.3% versus 0.2% prior

8:30 Core CPI year-over-year is estimated at 2.7% versus 2.6% prior

Wednesday:

8:30 Producer Price Index is released for April. Estimates are for a rate of 0.5%, unchanged from the prior month.

8:30 Core PPI is estimated at 0.3% up from 0.2% prior

8:30 PPI year-over-year is estimated to rise to 4%

8:30 Core PPI year-over-year is estimated to rise to 3.8%

Thursday:

8:30 Retail sales came in as estimated at 0.5%, a decline from 1.6% prior

8:30 Weekly Initial Unemployment Insurance Claims rose to 211,000, well above estimates and above last week’s 199,000

8:30 Import price index jumped 1.9% for April, well ahead of estimates of 0.9%

Friday:

8:30 Empire State manufacturing survey is expected to drop to 7.0 from 11.0 prior

9:15 Industrial production is estimated to rise 0.2% from -0.5% prior

9:15 Capacity Utilization for April is estimated at 75.8% up slightly from 75.7% prior