Wednesday saw new all-time highs again the both the S&P and the NASDAQ. With news overnight on further advances by Moderna for vaccine development, markets may try to still push higher on Thursday.
As the evening was again spent on the work being done on the members site, there is no full stock market outlook for tonight. Instead there is a short write-up below.
Support and Resistance Levels To Be Aware Of:
3500 is major resistance
3450 is resistance
3400 is resistance
3375 is resistance
3300 is resistance
3275 is support
3200 is support
3150 is support
3050 is support
3000 is support
2975 is light support
2950 is light support
2900 is light support
Stock Market Outlook for Tomorrow – Thu Aug 27 2020
For Thursday all eyes will be on Powell’s speech, although it is expected to be a “non-event” as far as surprises are concerned. Nonetheless we will see some nervousness during the day. As well the index is extremely overbought as it approaches 3500 which is major resistance.
There is weakness expected for the morning on Thursday but no large dips are expected. The outlook remains unchanged at still higher by the close.
Stock Market Outlook Archives
Friday saw stocks continue their advance with the S&P making another new all-time high and closing just below it at 3824 for a 20 point
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For FullyInformed Members here are the morning investing strategy notes for Fri Jan 8 2021 as we end the first week of 2021. There are
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Thu Jan 7 2021 saw stock indexes recover the earlier moves from Wednesday morning. The S&P rose 55 points closing at another new all-time high
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For FullyInformed Members here are the morning investing strategy notes for Thu Jan 7 2021. There are a number of topics discussed this morning as
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Wed Jan 6 2021 saw the markets soar higher defying analysts who believed a Democrat win out of Georgia would send stocks lower. Instead investors
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For FullyInformed Members here are the morning investing strategy notes for Wed Jan 6 2021. There are a number of topics discussed this morning as
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Tue Jan 5 2021 saw markets stage a rebound which recovered slightly more than half of the losses sustained on Monday. By the close, the
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For FullyInformed Members here are the morning investing strategy notes for Tue Jan 5 2021. There are a number of topics discussed this morning as
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