Stock Market Outlook for Fri Sep 14 2018 – Higher

Stock Market Outlook - Higher

Thursday saw stocks open higher following a rally in Apple Stock. That combined with news of potential talks with China on trade, plus consumer prices showing little to no inflation concerns, were enough to keep stocks higher on Thursday for the best day of the week for gains in the indexes.


Stock Market Outlook Chart Comments At The Close on Thu Sep 13 2018 

The S&P rose on Thursday and never moved back to the 21 day moving average.

The closing candlestick on Thursday was bullish for Friday.

All the other major moving averages are still climbing which is bullish and the 50 day is rising away from the Lower Bollinger Band which is bullish.

Stock Market Outlook review of Thu Sep 13 2018


Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is negative but is unchanged from Tuesday’s close.

  • Settings: For momentum I use a 10 period when studying market direction.

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Thu Sep 6 2018. The down signal was weaker on Thursday.

  • Settings: For MACD Histogram, I am using the Fast Points set at 13, Slow Points at 26 and Smoothing at 9. 

Ultimate Oscillator: The Ultimate Oscillator signal is positive and rising.

  • Settings: The Ultimate Oscillator settings are: Period 1 is 5, Period 2 is 10, Period 3 is 15, Factor 1 is 4, Factor 2 is 2 and Factor 3 is 1. These are not the default settings but are the settings I use with the S&P 500 chart set for 1 to 3 months.

Slow Stochastic: The Slow Stochastic has an up signal in place for a second day.

  • Settings: For the Slow Stochastic I use the K period of 14 and D period of 3. The Slow Stochastic tries to predict the market direction further out than just one day.

Relative Strength Index: The RSI signal is rising.

  • Settings: The relative strength index is set for a period of 5 which gives it 5 days of market movement to monitor.  It is often the first indicator to show an overbought or oversold signal.

Rate of Change: The rate of change signal is unchanged.

  • 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.





Support Levels To Be Aware Of:

2830 is light support

2795 is light support

2745 to 2750 is light support

2725 is light support.

2700 is support.

2675 is light support.

2650 is light support

2620 is light support

2600 is strong support.

There is good support at the 2550 level from where the market bounced back from the recent correction low on Feb 9.

The S&P has light support at 2480. It also has light support at 2450 and good support at 2425. Below that there is some support at 2400, 2380, 2350. 2300 has the most support at present but would represent a full correction as a drop to this level would be 20% and just 5% away from a potential bear market signal.


 Stock Market Outlook for Tomorrow – Fri Sep 14 2018 

For Fri Sep 14 2018, stocks are set to continue the advance from Thursday.

The close will see the S&P and NASDAQ higher on Friday.


Stock Market Outlook Archives

Morning Investing Strategy Notes
For FullyInformed Members here are my morning investing strategy notes for Thu Jan 17 2019. Today’s notes a rather extensive as I discuss a number ....... Read More
Stock Market Outlook - choppy bias higher
Wednesday saw the S&P push to the 50 day moving average at the 2625 level. Sellers met the buyers and pushed back resulting in profit-taking. ....... Read More
Morning Investing Strategy Notes
For FullyInformed Members here are my morning investing strategy notes for Wed Jan 16 2019. Here are my trade plans for today including the trades ....... Read More
Stock Market Outlook for Wed Jan 16 2019 - Choppy, Dips Likely But Still Higher
Tuesday saw equities push higher as the S&P rose above 6000 since it fell below it on Dec 17. The NASDAQ rose to above 7000 ....... Read More
Morning Investing Strategy Notes
For FullyInformed Members here are my morning investing strategy notes for Tuesday Jan 15 2019. Here are my trade plans for today along quite a ....... Read More
Stock Market Outlook Back To Up
Monday’s market saw a lower open which immediately was snapped up by investors. Most of the day the S&P was in a tight trading range. ....... Read More
Morning Investing Strategy Notes
For FullyInformed Members here are my morning investing strategy notes for MThat will probably change as the market reaches 9:30 AM. Here are my trade ....... Read More
Stock Market Outlook sideways bias lower
Thursday’s market was dominated by two large dips. Each dip was quickly bought into by investors. This shows there is more upside still to come. ....... Read More
Loading...