FullyInformed.com

Stock Market Outlook for Mon Oct 25 2021 – Dips To Start But Higher Close

Oct 24, 2021 | Stock Market Outlook

Dips To Start Week But Higher Close

Friday saw a choppy day of trading. The morning saw the market make a new intraday high of 4559 and then fall 35 points to 4524 late morning. That was the deepest dip in 3 days and it brought in buyers who pushed the index back to close down just 4.88 points at 4544.

The NASDAQ closed down 125 points but still closed above 15,000 at 15090.

Let’s review the closing technical readings from Friday Oct 22 to see what is in-store for Monday Oct 25, the start of the final week of October.


Stock Market Outlook Chart Comments At The Close on Fri Oct 22 2021

The index closed just below the Upper Bollinger Band which signals an overbought market again for the start of the week.

Friday’s closing candlestick is signaling a neutral start for Monday.

The Upper Bollinger Band is still rising and the Lower Bollinger Band is still falling, both of which is bullish.

The 21 day moving average which fell below the 50 day last week, is still turning higher and could cross above the 50 day shortly. This is bullish.

The 50 day is also turning higher as is the 100 and 200 day moving averages. This is bullish.

For Monday only the overbought signal and neutral candlestick are bearish.

Stock Market Outlook review of Fri Oct 22 2021

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is unchanged and 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 Wed Oct 13 2021 . On Fri Oct 22 the up signal was still strong indicated more upside ahead.

  • 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 falling and signaling overbought.

  • 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 a down signal in place and still very overbought..

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 falling and still overbought.

  • 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 for a second day.

  • 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:

4550 is resistance

4525 is resistance

4500 is support

4490 is support

4475 is support

4450 is support

4400 is support

4370 is light support

4350 is light support

4300 is light support

4290 is light support

4270 is light support

4250 is good support

4225 is light support

4200 is good support

4175 is light support

4150 is light support

4100 is good support


 Stock Market Outlook for Tomorrow – Mon Oct 25 2021 

For the start of the week, Monday may start with a dip. If not at the open, watch for it in the morning. The technical signals are showing stocks are still overbought but MACD and momentum are indicating continued strength to the rally. That means any dip on Monday is an opportunity for setting up more trades.

The end of the day should be higher but even a small loss won’t break the strength of the uptrend at this point. We will see new highs in the S&P this week. On any dip on Monday I will be buying SPY calls to sell in an anticipated spike higher later in the day.

 

Stock Market Outlook Archives

Stock Market Outlook for Thu Mar 28 2024 – Choppy – Dips Likely – But Higher

Stock Market Outlook Choppy Dips Higher
Prior Trading Day Summary: On Wednesday investors returned and snapped up stocks that had drifted lower. The SPX bounced at the open and by the close it was up 45 ....... Read More

Morning Investing Strategy Notes for Wed Mar 27 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Wed Mar 27 2024 discuss the outlook for Wednesday and comments on a possible correction and what it might entail. There ....... Read More

Stock Market Outlook for Wed Mar 27 2024 – Unconfirmed MACD Down Signal

Stock Market Outlook Unconfirmed MACD Down Signal
Prior Trading Day Summary: I lost my power shortly after the markets closed. Articles this evening will be shorter if I can post any. On Tuesday trading volume picked up ....... Read More

Morning Investing Strategy Notes for Tue Mar 26 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Tue Mar 26 2024 discuss the outlook for Tuesday. As well there are comments on support levels to watch in the ....... Read More

Stock Market Outlook for Tue Mar 26 2024 – Still Bullish

Stock Market Outlook still bullish
Prior Trading Day Summary: On Monday low trading volumes hindered the chance of a positive close. The SPX saw just 3.4 billion shares traded. This matches the volume on last ....... Read More

Morning Investing Strategy Notes for Mon Mar 25 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Mon Mar 25 2024 discuss the outlook for Monday and the shortened week ahead of the Easter holiday. There are a ....... Read More

Stock Market Outlook for Mon Mar 25 2024 – Dip Likely But Higher Close

Stock Market Outlook - Higher
Prior Trading Day Summary: On Friday investors took profits ahead of the upcoming shortened Easter week with indexes sitting at all-time highs. On Friday the SPX closed down just 7 ....... Read More

Morning Investing Strategy Notes for Fri Mar 22 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Fri Mar 22 2024 discuss the outlook for Friday. There are a large number of trade ideas outlined including FedEx Stock ....... Read More

Stock Market Outlook for Fri Mar 22 2024 – Choppy – Dips Possible But Still Up

Stock Market Outlook Dip Likely But Still Up
Prior Trading Day Summary: On Thursday all 3 indexes closed at new all-time highs for a second straight day. Volumes remained decent but stocks are seeing some selling as investors ....... Read More

Morning Investing Strategy Notes for Thu Mar 21 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Thu Mar 21 2024 discuss the outlook for Thursday following Wednesday's FOMC interest rate decision and Fed Chair Powell's news conference. ....... Read More

Stock Market Outlook for Thu Mar 21 2024 – Higher Still

Stock Market Outlook Higher Still
Prior Trading Day Summary: On Wednesday the SPX, Dow Jones and NASDAQ indexes all closed at new all-time highs. Comments from Fed Chair Powell reaffirming 3 rate cuts in 2024 ....... Read More

Morning Investing Strategy Notes for Wed Mar 20 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Wed Mar 20 2024 discuss the outlook for Wednesday and the latest FOMC interest rate decision. There are also a number ....... Read More

Stock Market Outlook for Wed Mar 20 2024 – All About The Fed – Bullish

All About The Fed
Prior Trading Day Summary: On Tuesday the morning started with a dip down to 5131 but buyers were waiting for the dip and volumes picked up. Deep dips in a ....... Read More

Morning Investing Strategy Notes for Tue Mar 19 2024

Morning Investing Strategy Notes
For FullyInformed Members the morning Investing Strategy Notes for Tue Mar 19 2024 discuss the outlook for Tuesday following Monday's rally and before Wednesday's latest FOMC interest rate decision. There ....... Read More

Stock Market Outlook for Tue Mar 19 2024 – Choppy Dips Likely But Still Up

Stock Market Outlook choppy dips like but up
Prior Trading Day Summary: On Monday investors took advantage of the past two weeks of weakness to jump back into stocks. By the close the S&P was up 32 points ....... 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 Thu Mar 28 2024 – Choppy – Dips Likely – But Higher

Prior Trading Day Summary: On Wednesday investors returned and snapped up stocks that had drifted lower. The SPX bounced at the open and by the close it was up 45 points to close at 5248. The NASDAQ rose 83 points …

Morning Investing Strategy Notes for Wed Mar 27 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Mar 27 2024 discuss the outlook for Wednesday and comments on a possible correction and what it might entail. There are a number of trade ideas outlined including FedEx Stock …

Stock Market Outlook for Wed Mar 27 2024 – Unconfirmed MACD Down Signal

Prior Trading Day Summary: I lost my power shortly after the markets closed. Articles this evening will be shorter if I can post any. On Tuesday trading volume picked up as stocks fell for another day. The SPX closed near …

Morning Investing Strategy Notes for Tue Mar 26 2024

For FullyInformed Members the morning Investing Strategy Notes for Tue Mar 26 2024 discuss the outlook for Tuesday. As well there are comments on support levels to watch in the SPX for the week. There are a number of trade …

Stock Market Outlook for Tue Mar 26 2024 – Still Bullish

Prior Trading Day Summary: On Monday low trading volumes hindered the chance of a positive close. The SPX saw just 3.4 billion shares traded. This matches the volume on last Friday. While poor , it is also bullish as it …

Morning Investing Strategy Notes for Mon Mar 25 2024

For FullyInformed Members the morning Investing Strategy Notes for Mon Mar 25 2024 discuss the outlook for Monday and the shortened week ahead of the Easter holiday. There are a number of trade ideas outlined including FedEx Stock (FDX), Nike …

Stock Market Outlook for Mon Mar 25 2024 – Dip Likely But Higher Close

Prior Trading Day Summary: On Friday investors took profits ahead of the upcoming shortened Easter week with indexes sitting at all-time highs. On Friday the SPX closed down just 7 points to 5234. For the week the index was up …

Morning Investing Strategy Notes for Fri Mar 22 2024

For FullyInformed Members the morning Investing Strategy Notes for Fri Mar 22 2024 discuss the outlook for Friday. There are a large number of trade ideas outlined including FedEx Stock (FDX), Nike Stock (NKE), Lululemon Athletica Stock (LULU),  and more …

Stock Market Outlook for Fri Mar 22 2024 – Choppy – Dips Possible But Still Up

Prior Trading Day Summary: On Thursday all 3 indexes closed at new all-time highs for a second straight day. Volumes remained decent but stocks are seeing some selling as investors are taking a few profits with the indexes at new …

Morning Investing Strategy Notes for Thu Mar 21 2024

For FullyInformed Members the morning Investing Strategy Notes for Thu Mar 21 2024 discuss the outlook for Thursday following Wednesday’s FOMC interest rate decision and Fed Chair Powell’s news conference. There are a large number of trade ideas outlined including …

Stock Market Outlook for Thu Mar 21 2024 – Higher Still

Prior Trading Day Summary: On Wednesday the SPX, Dow Jones and NASDAQ indexes all closed at new all-time highs. Comments from Fed Chair Powell reaffirming 3 rate cuts in 2024 were still “on the table” was all that investors needed …

Morning Investing Strategy Notes for Wed Mar 20 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Mar 20 2024 discuss the outlook for Wednesday and the latest FOMC interest rate decision. There are also a number of trade ideas outlined including Chewy Stock (CHWY), SPY ETF, …

Stock Market Outlook for Wed Mar 20 2024 – All About The Fed – Bullish

Prior Trading Day Summary: On Tuesday the morning started with a dip down to 5131 but buyers were waiting for the dip and volumes picked up. Deep dips in a number of big caps like NVIDIA Stock (NVDA) found ready …

Morning Investing Strategy Notes for Tue Mar 19 2024

For FullyInformed Members the morning Investing Strategy Notes for Tue Mar 19 2024 discuss the outlook for Tuesday following Monday’s rally and before Wednesday’s latest FOMC interest rate decision. There are also a number of trade ideas outlined including Chevron …