Prior Trading Day Summary
On Wednesday stocks started the down lower but then rallied for most of the day and closed higher ahead of earnings from NVIDIA Stock (NVDA).
Earnings were better than estimated but the stock sold lower after hours. I am expecting some weakness intraday for the stock but a flat to higher close is likely.
The S&P closed up 15 points to 6481 marking the 18th new closing high this year for the eindex.
The NASDAQ closed up 45 points to 21,590 on 8.4 billion shares traded. 60% of volume was being traded higher and 55% of stocks were rising by the close.
Lets review the closing technical indicators from Wed Aug 27 2025 to see what they advise for Thu Aug 28 2025.
Stock Market Outlook: SPX Closing Chart For Wed Aug 27 2025
The index closed above the 21 day moving average and below the Upper Bollinger Band. This is bearish but the index is climbing.
The closing candlestick is bullish for Thursday.
The 21 day moving average is rising and closed at 6396 which is bullish.
The 50 day moving average is rising and closed at 6296 which is bullish.
The 100 day moving average is rising and closed at 6127 which is bullish.
The 200 day moving average is rising and closed at 5941 which is bullish.
The Lower Bollinger Band is falling below the 50 day moving average. This is negative for stocks at present.
The Upper Bollinger Band is rising which is bullish.
The SPX chart is more bullish than bearish for Thursday.
SPX Stock Market Outlook review of Wed Aug 27 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Aug 19 2025. On Wed Aug 27 2025 the down signal lost more strength and could issue an up signal on Thursday.
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Ultimate Oscillator: The Ultimate Oscillator is neutral which at present is bullish.
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Slow Stochastic: The Slow Stochastic has an up signal in place.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change signal is rising, signaling a higher close for Thu Aug 28 2025. 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 |
| 6470 is resistance |
| 6450 is resistance |
| 6425 is resistance |
| 6400 is resistance |
| 6390 is resistance |
| 6365 is resistance |
| 6350 is resistance |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is resistance |
| 6200 is resistance |
| 6175 is support |
| 6150 is support |
| 6125 is support |
| 6100 is support |
| 6075 is support |
| 6050 is support |
| 6025 is support |
| 6000 is support |
Stock Market Outlook for Thu Aug 28 2025
For Thursday the technical indicators are overwhelmingly bullish. Even the MACD signal which is still bearish, is holding a bullish bias and could issue an up signal today. Momentum is expected to turn back higher on Thursday.
The technical indicators are signaling a higher day for Thursday by the close.
Potential Economic and Political Market Moving Events
Tuesday:
8:30 Durable goods orders rose more than estimated to -2.8% from 9.4% prior
9:00 S&P Case-Shiller home price index for June dipped more than expected to 2.1%
10:00 Consumer confidence rose to 97.4, higher than estimated
Wednesday:
No reports are being released
Thursday:
8:30 Weekly Initial Unemployment Insurance Claims is estimated to fall to 230,000
8:30 GDP 1st revision is estimated to rise to 3.1% from 3.0% prior
10:00 Pending home sales is estimated to rise to 0.3% from -0.8% prior