FullyInformed.com

Stock Market Outlook for Mon Nov 14 2022 – Choppy With Dips But Higher Close

Nov 13, 2022 | Stock Market Outlook

Stock Market Outlook - Early Morning Dip But Higher Close

Despite bond markets being closed on Friday trading volume was above average as more investors placed capital back into stocks.

The day ended with the all 3 indexes modestly higher.

The S&P jumped 36 points to end the day at 3992 but did move above 4000 twice during the later afternoon. The index has added 306 points between Thursday and Friday.

The NASDAQ climbed 209 points closing the day at 11,323. For the past two days the index added 969 points.

Technically there were a number of interesting changes to report.

Let’s review the closing SPX technical indicators from Friday to see what to expect for Mon Nov 14 2022, the start of the third week of November and the week after the Mid-Term Elections.


Stock Market Outlook Chart Comments At The Close on Fri Nov 11 2022 

On Friday the S&P closing candlestick was above all moving averages and just below the 200 day. The index closed once again above the Upper Bollinger Band which is bullish. The closing candlestick advises a lower open or selling in the morning is likely as the candle signals overbought. However the close still looks positive.

The Upper Bollinger Band has turned back up and is above all the major moving averages except the 200 day. This is bullish.

The Lower Bollinger Band turned sideways which gives a neutral signal to start the third week.

A new up signal was generated on Friday by the close as the 21 day moving average is back above the 50 day. This is bullish and if it moves higher on Monday it will negate the Sep 16 down signal when the 21 day fell below the 50 day.

The 50, 100 and 200 day moving averages are still falling. This is bearish.

There are 7 down signals in place since April and one new up signal.

The chart rose to 75% bullish for Monday thanks to the new up signal.

Stock Market Outlook review of Fri Nov 11 2022

 

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is falling but still positive.

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

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Thursday Oct 16. On Friday the up signal gained more strength. The histogram also gained strength.

  • 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 turned sideways to start the week.

  • 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.

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 and into overbought signals.

  • 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 falling but still positive.

  • 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 and Resistance Levels To Be Aware Of:

4100 is resistance

4090 is resistance

4070 is resistance

4050 is resistance

4030 is resistance

4025 is resistance

4000 is resistance

3975 is resistance

3965 is resistance

3950 is resistance

3925 is light support

3900 is light support

3875 is light support

3850 is light support

3825 is light support

3800 is good support


 Stock Market Outlook for Tomorrow – Mon Nov 14 2022 

A new up signal on Friday is also a sign of the market being overbought after two strong days of gains. There is though room to the upside.

For Monday November 14 the morning will see some selling and it could be as deep as 3950 but the close should be above 4000.  The 1 year and 5 year inflation expectations reports are released at 11:00 AM and could impact the markets. See comments below.

Potential Economic and Political Market Moving Events

On Monday investors get the inflation expectations from the NY Fed. Only the 1 year is of importance for stocks. A number above 5.7% will be negative for the index.

Monday:

11:00 NY Fed 1 year inflation expectations is expected to come in below 5.7%

11:00 NY Fed 5 year inflation expectations is expected to come in at 2.2%

Stock Market Outlook Archives

Stock Market Outlook for Mon Jul 15 2024 – Choppy – Dips Possible But Still Up

Stock Market Outlook choppy dips like but up
Prior Trading Day Summary: On Friday investors got the latest Producer Price Index numbers which were slightly higher than estimated but the core PPI year-over-year was slightly lower and that ....... Read More

Morning Investing Strategy Notes for Fri Jul 12 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Fri Jul 12 2024 are expanded to cover a number of topics following Thursday's lower close. There are also a large ....... Read More

Stock Market Outlook for Fri Jul 12 2024 – Potential Bounce But Lower Close

Potential Bounce But Lower
Prior Trading Day Summary: On Thursday investors shifted out of many large tech names who have been leading the index higher and shifted into other sectors not related to AI ....... Read More

Morning Investing Strategy Notes for Thu Jul 11 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Thu Jul 11 2024 discuss the outlook for Thursday along with trade ideas in IWM ETF,  VIX Index, SPY ETF, Wells ....... Read More

Stock Market Outlook for Thu Jul 11 2024 – Overbought – Dips Likely But Bullish

Overbought But Bullish
Prior Trading Day Summary: On Wednesday comments from Fed Chair Powell sent stocks soaring and the indexes to new all-time highs. Powell seemed to indicate that interest rate cuts would ....... Read More

Morning Investing Strategy Notes for Wed Jul 10 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Wed Jul 10 2024 discuss the outlook for Wednesday along with trades in Delta Air Lines Stock (DAL) and PepsiCo Stock ....... Read More

Stock Market Outlook for Wed Jul 10 2024 – Dips Likely Possible Lower Close

Stock Market Outlook - Dips Likely - Lower CLose
Prior Trading Day Summary: On Tuesday the S&P closed higher once again and on average volume of 3.3 billion shares. The number of stocks falling though was high at 54% ....... Read More

Morning Investing Strategy Notes for Tue Jul 9 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Tue Jul 9 2024 discuss the outlook for the start of the second week of July. There are a few trades ....... Read More

Stock Market Outlook for Tue Jul 9 2024 – Confirmed MACD Up Signal But Bearish Day

Stock Market Outlook for Tue Jul 9 2024 - Confirmed MACD Up Signal But Bearish Day
Prior Trading Day Summary: On Monday the S&P faced a see-saw day with stocks ending slightly higher by the close. The SPX rose 5 points to close at 5572, another ....... Read More

Morning Investing Strategy Notes for Mon Jul 8 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Mon Jul 8 2024 discuss the outlook for the start of the second week of July. There are a few trades ....... Read More

Stock Market Outlook for Mon Jul 8 2024 – Overbought But Unconfirmed Up Signal

Stock Market Outlook Unconfirmed Up Signal
Prior Trading Day Summary: On Friday the June Non-Farm Payroll came in at 206,000, well below last month's 218,000 but slightly above estimates of 200,000. The unemployment rate rose to ....... Read More

Morning Investing Strategy Notes for Fri Jul 5 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Fri Jul 5 2024 discuss the outlook for the June employment report. There are trades planned in the SPY Market Direction ....... Read More

Stock Market Outlook for Fri Jul 5 2024 – All About The June Non-Farm Payroll Report

All About The Non-Farm Payroll Report
Prior Trading Day Summary: On Wednesday investors sent the SPX and NASDAQ to new highs. The S&P rose 28 points to close at 5537. The NASDAQ rose 159 points ending ....... Read More

Morning Investing Strategy Notes for Wed Jul 3 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Wed Jul 3 2024 discuss the outlook following Tuesday's record closes on both the S&P and NASDAQ indexes. There are a ....... Read More

Stock Market Outlook for Wed Jul 3 2024 – Dip Likely But Still Up

Stock Market Outlook Dip Likely But Still Up
Prior Trading Day Summary: On Tuesday stocks started the day with low volume and a lower early morning. However when investors saw the 5450 level not break, they moved back ....... Read More

Search

Select to view all results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Recent Outlooks

Stock Market Outlook for Mon Jul 15 2024 – Choppy – Dips Possible But Still Up

Prior Trading Day Summary: On Friday investors got the latest Producer Price Index numbers which were slightly higher than estimated but the core PPI year-over-year was slightly lower and that was enough to send stocks higher. By the close the …

Morning Investing Strategy Notes for Fri Jul 12 2024

For FullyInformed Members the morning Investing Strategy Notes for Fri Jul 12 2024 are expanded to cover a number of topics following Thursday’s lower close. There are also a large number of trades discussed including in Wells Fargo Stock (WFC), …

Stock Market Outlook for Fri Jul 12 2024 – Potential Bounce But Lower Close

Prior Trading Day Summary: On Thursday investors shifted out of many large tech names who have been leading the index higher and shifted into other sectors not related to AI and tech. But while the close looked bearish, the number …

Morning Investing Strategy Notes for Thu Jul 11 2024

For FullyInformed Members the morning Investing Strategy Notes for Thu Jul 11 2024 discuss the outlook for Thursday along with trade ideas in IWM ETF,  VIX Index, SPY ETF, Wells Fargo Stock (WFC), Citigroup Stock (C) and JP Morgan Chase …

Stock Market Outlook for Thu Jul 11 2024 – Overbought – Dips Likely But Bullish

Prior Trading Day Summary: On Wednesday comments from Fed Chair Powell sent stocks soaring and the indexes to new all-time highs. Powell seemed to indicate that interest rate cuts would be coming shortly, perhaps as early as September. Investors jumped …

Morning Investing Strategy Notes for Wed Jul 10 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Jul 10 2024 discuss the outlook for Wednesday along with trades in Delta Air Lines Stock (DAL) and PepsiCo Stock (PEP). The morning Investing Strategy Notes are for FullyInformed Members …

Stock Market Outlook for Wed Jul 10 2024 – Dips Likely Possible Lower Close

Prior Trading Day Summary: On Tuesday the S&P closed higher once again and on average volume of 3.3 billion shares. The number of stocks falling though was high at 54% and 56% of all volume was moving lower. The index …

Morning Investing Strategy Notes for Tue Jul 9 2024

For FullyInformed Members the morning Investing Strategy Notes for Tue Jul 9 2024 discuss the outlook for the start of the second week of July. There are a few trades planned. The morning Investing Strategy Notes are for FullyInformed Members …

Stock Market Outlook for Tue Jul 9 2024 – Confirmed MACD Up Signal But Bearish Day

Prior Trading Day Summary: On Monday the S&P faced a see-saw day with stocks ending slightly higher by the close. The SPX rose 5 points to close at 5572, another new closing high. The NASDAQ also rose, climbing 51 points …

Morning Investing Strategy Notes for Mon Jul 8 2024

For FullyInformed Members the morning Investing Strategy Notes for Mon Jul 8 2024 discuss the outlook for the start of the second week of July. There are a few trades planned. The morning Investing Strategy Notes are for FullyInformed Members …

Stock Market Outlook for Mon Jul 8 2024 – Overbought But Unconfirmed Up Signal

Prior Trading Day Summary: On Friday the June Non-Farm Payroll came in at 206,000, well below last month’s 218,000 but slightly above estimates of 200,000. The unemployment rate rose to 4.1% from 4.0%. May and April’s employment report was slashed …

Morning Investing Strategy Notes for Fri Jul 5 2024

For FullyInformed Members the morning Investing Strategy Notes for Fri Jul 5 2024 discuss the outlook for the June employment report. There are trades planned in the SPY Market Direction Portfolio, the 40% Goal Portfolio and the Million Dollar Challenge …

Stock Market Outlook for Fri Jul 5 2024 – All About The June Non-Farm Payroll Report

Prior Trading Day Summary: On Wednesday investors sent the SPX and NASDAQ to new highs. The S&P rose 28 points to close at 5537. The NASDAQ rose 159 points ending the day at 18,188. It was a strong day ahead …

Morning Investing Strategy Notes for Wed Jul 3 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Jul 3 2024 discuss the outlook following Tuesday’s record closes on both the S&P and NASDAQ indexes. There are a few trades planned. The morning Investing Strategy Notes are for …

Subscribe For The Latest News