Prior Trading Day Summary
On Wed Aug 12 2026 the July CPI numbers came in as estimated but did not show inflation is taking off. Stocks tried to rally off the news but with the latest PPI numbers due of today (Thu Aug 13 2026) investors continued to hold back on capital outlays.
The SPX ended the day up 20 points to close at 7748. Volume was lighter at 4.7 billion shares with 47% of all trading volume advancing and 53% of stocks rising by the close which was better than Tuesday’s numbers.
The NASDAQ rose 143 points ending the day at 26,588. Volume was low at 8.2 billion shares traded. By the close 61% of all volume was advancing along with 56% of stocks. Wednesday was the third day with rising number of stocks joining the rally.
Let’s review the technical indicators from the close of Wed Aug 12 2026 to see what they predict for Thu Aug 13 2026.
Stock Market Outlook: SPX Closing Chart For Wed Aug 12 2026
The index ended the day below the Upper Bollinger Band for a third day which is bearish.
The closing candlestick is bearish for Thursday
The 21 day moving average is rising and closed at 7556. This is bullish.
The 50 day moving average is rising and closed at 7503. This is bullish.
The 100 day moving average is rising and closed at 7342. This is bullish.
The 200 day moving average is rising and closed at 7088. This is bullish.
The Lower Bollinger Band is falling and now below the 100 day moving average 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 Thursday.
SPX Stock Market Outlook review of Wed Aug 12 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive. This 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 weaker on Wed Aug 12 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 unchanged signal in place which is neutral. 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 falling. It is signaling Thursday will end lower. 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 |
| 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 resistance |
| 7425 is resistance |
| 7400 is support |
| 7370 is support |
| 7350 is support |
| 7300 is support |
| 7280 is support |
| 7250 is support |
| 7200 is support |
Stock Market Outlook for Thu Aug 13 2026
For Thu Aug 13 2026 we get the Producer Price Index (PPI) for July which is expected to jump 0.2% from -0.3% prior. If that number is reached or is higher than estimated, we could see a sideways to lower day.
If the PPI numbers come in lower than expected stocks will rally higher.
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 are estimated to rise to 204,000
8:30 Producer Price Index for July is expected to jump 0.2% from -0.3%
8:30 PPI Year-over-year is expected to rise to 5.6% from 5.5%
Friday:
8:30 Retails sales for July are estimated as unchanged at 0.1%