Prior Trading Day Summary:
Mon Apr 14 2025 was choppy for stocks but comments from President Trump on dropping tariffs on some products, including processor chips helped boost stocks for much of the day.
The SPX rose 42 points to end the day at 5405. Intraday the index moved near last Wednesday’s (April 9) close of 5456 near 11:00 AM, but failed to hold it. Trading volume was down 600 million shares at 5.1 billion, which is nearing the usual average day’s volume. 78% of all volume was to the upside and 77% of stocks were rising on New York.
The NASDAQ rose 107 points on 9.9 billion shares traded, 200 million more shares than we saw n Friday. 79% of all volume was to the upside and 71% of all stocks were rising. New lows fell to 103 which is significant considering that on Thursday last week, new lows were 1491.
Let’s review the technical indicators at the close on Mon Apr 14 2025 to see what they predict for stocks for Tue Apr 15 2025.
Stock Market Outlook: SPX Closing Chart For Mon Apr 14 2025
The index closed below the 200 day moving average and below Wednesday’s (Feb 9) high which is bearish.
The closing candlestick is bullish but with a long shadow it is signaling a good chance for deeper than expected dips today.
The 21 day moving average is falling and closed at 5512. The 21 day moving average fell below the 50 day on Friday Mar 7/ It fell below the 100 day on Thursday Mar 13 for a second down signal and on Friday Mar 28 it fell below the 200 day for a third down signal.
The 50 day moving average is falling and closed at 5748 which is bearish. The 50 days is at the 100 day. It should move below it today which is another down signal.
The 100 day moving average is falling and closed at 5744 which is bearish.
The 200 day moving average is falling and closed at 5612 which is bearish.
All the moving averages are continuing their decline and the 50 day should fall below the 100 day today which is bearish.
The Lower Bollinger Band is falling. The Upper Bollinger Band is starting to fall which is bearish.
For Tuesday the SPX chart is still very bearish but the candlestick is signaling a chance for a higher close. The Bollinger Bands are a growing concern and may be on the verge of signaling a down move.
1spx Stock Market Outlook review of Mon Apr 14 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and negative.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Thu Apr 3 2025. On Mon Apr 14 2025 the down signal is almost gone.
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Ultimate Oscillator: The Ultimate Oscillator is falling and positive. It is not oversold.
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Slow Stochastic: The Slow Stochastic has an up signal in place that could turn to a down signal today.
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Relative Strength Index: The RSI signal is rising and not oversold.
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| Rate of Change: The rate of change signal is falling and signaling a lower close for Tuesday. 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 |
| 5800 is resistance |
| 5775 is resistance |
| 5750 is resistance |
| 5730 is resistance |
| 5700 is resistance |
| 5650 is resistance |
| 5630 is resistance |
| 5600 is resistance |
| 5550 is resistance |
| 5500 is resistance |
| 5450 is support |
| 5400 is support |
| 5230 is support |
| 5000 is support |
| 4770 is support |
| 4680 is support |
| 4500 is support |
| 4365 is support |
| 4150 is support |
| 4000 is support |
Stock Market Outlook for Tue Apr 15 2025
For Tuesday the technical indicators are a bit mixed but the bias is still signaling weakness and bearishness. There are some up signals but down signals are almost 2 to 1.
The Bollinger Bands may be on the verge of also signaling a move lower. We will know more on Tuesday by the close. Today starts with earnings from Citigroup (C) and, Bank Of America (BAC) and Johnson and Johnson (JNJ). If they beat estimates and beat last year’s earnings for the same quarter, this will help the bulls try to close higher again today. Stay cautious though until signals are clearer for a bullish move as right now there are many signals advising a lower day or days, are coming soon.
Potential Economic and Political Market Moving Events
Monday:
No reports
Tuesday:
8:30 Import price index is expected to fall to 0.1% from 0.4% prior
8:30 Empire State manufacturing survey is estimated to rise to -10.0 from -20.0 prior