Stock Market Outlook for Thu Aug 27 2020 – Extremely Overbought, Dips Likely But Still Higher

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

Morning Investing Strategy Notes for Wed Apr 17 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Apr 17 2024 discuss the outlook for a potential bounce on Wednesday. There are trade ideas outlined in Las Vegas ....... Read More

Stock Market Outlook for Wed Apr 17 2024 – Another Bounce Attempt

Prior Trading Day Summary: Tuesday found stocks stuck in a fairly tight trading range as investors remain worried about a potential Israeli retaliatory strike against Iran and what might be ....... Read More

Morning Investing Strategy Notes for Tue Apr 16 2024

For FullyInformed Members the morning Investing Strategy Notes for Tue Apr 16 2024 discuss the outlook for stocks for Tuesday and the chance of a bounce. There are trade ideas ....... Read More

Stock Market Outlook for Tue Apr 16 2024 – Deeply Oversold

Prior Trading Day Summary: Monday started the day as expected with a massive rally at the open and a push higher especially when retail sales came in stronger than expected. ....... Read More

Morning Investing Strategy Notes for Mon Apr 15 2024

For FullyInformed Members the morning Investing Strategy Notes for Mon Apr 15 2024 discuss the outlook for stocks for Monday as well as the third week as a whole. There ....... Read More

Stock Market Outlook for Mon Apr 15 2024 – Expect A Bounce

Prior Trading Day Summary: On Friday investors got better than expected bank earnings but sold bank stocks lower. The selling extended into other sectors until by the close the indexes ....... Read More

Morning Investing Strategy Notes for Fri Apr 12 2024

For FullyInformed Members the morning Investing Strategy Notes for Fri Apr 12 2024 discuss the CPI numbers released on Thursday and the outlook for stocks for the remainder of the ....... Read More

Stock Market Outlook for Fri Apr 12 2024 – All About Bank Earnings

Prior Trading Day Summary: On Thursday investors got a bit of good news. First the Weekly Initial Unemployment Insurance Claims came in lower than expected at 211,000. If the weekly ....... Read More

Morning Investing Strategy Notes for Thu Apr 11 2024

For FullyInformed Members the morning Investing Strategy Notes for Thu Apr 11 2024 discuss the PPI numbers due out today before markets open. There are trade ideas outlined in Wells ....... Read More

Stock Market Outlook for Thu Apr 11 2024 – Weakness and Lower

Prior Trading Day Summary: On Wednesday the CPI number was higher than estimates. For many analysts it meant that the Fed would probably delay any rate cut longer than expected. ....... Read More

Morning Investing Strategy Notes for Wed Apr 10 2024

For FullyInformed Members the morning Investing Strategy Notes for Wed Apr 10 2024 discuss the CPI numbers due out today at 8:30 and the 2:00 PM FOMC minutes.. There are ....... Read More

Stock Market Outlook for Wed Apr 10 2024 – All About The CPI Numbers

Prior Trading Day Summary: On Tuesday the morning saw stocks plunge but not as deep as on Thursday. That brought in the dip buyers who picked through the stocks and ....... Read More

Morning Investing Strategy Notes for Tue Apr 9 2024

For FullyInformed Members the morning Investing Strategy Notes for Tue Apr 9 2024 discuss Monday's sideways day. There are trade ideas outlined in some portfolios. The morning Investing Strategy Notes ....... Read More

Stock Market Outlook for Tue Apr 9 2024 – Morning Weakness Possible But Higher Close

Prior Trading Day Summary: On Monday low volume and lack of buying interest kept the market trading in a tight range. Some of the decline in volume can be attributed ....... Read More

Morning Investing Strategy Notes for Mon Apr 8 2024

For FullyInformed Members the morning Investing Strategy Notes for Mon Apr 8 2024 discuss Friday's rally. There are trade ideas outlined in some portfolios. The morning Investing Strategy Notes are ....... Read More