Stock Market Outlook for Tue Nov 12 2019 – Weakness and Higher Close

Stock Market Outlook weakness but higher close

Mon Nov 11 2019 saw the indexes open lower but then spend the day in a slow climb back to almost end the day flat. The Dow ended the day positive as Boeing Stock continued its advance.


Stock Market Outlook Chart Comments At The Close on Mon Nov 11 2019 

The SPX chart is bullish except for the closing candlestick which is bearish for Tuesday.

A new light support level is at the 3030 level.

All the major moving averages are climbing including the 50 and 21 day moving averages. The 21 day moving average is moving quickly and is now above the 3030 valuation.

The two buy signals from September are still in place.

The Lower Bollinger Band is now nearing the 100 day moving average which if it crosses above it will be another bullish signal.

Stock Market Outlook review of Mon Nov 11 2019


Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is positive and falling.

  • Settings: For momentum I use a 10 period when studying market direction.

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Tue Oct 15 2019. The up signal was weaker on Monday.

  • Settings: For MACD Histogram, I am using the Fast Points set at 13, Slow Points at 26 and Smoothing at 9. 

Ultimate Oscillator: The Ultimate Oscillator signal is positive and falling.

  • Settings: The Ultimate Oscillator settings are: Period 1 is 5, Period 2 is 10, Period 3 is 15, Factor 1 is 4, Factor 2 is 2 and Factor 3 is 1. These are not the default settings but are the settings I use with the S&P 500 chart set for 1 to 3 months.

Slow Stochastic: The Slow Stochastic is extremely overbought but with a neutral signal.

  • Settings: For the Slow Stochastic I use the K period of 14 and D period of 3. The Slow Stochastic tries to predict the market direction further out than just one day.

Relative Strength Index: The RSI signal is falling and still overbought.

  • Settings: The relative strength index is set for a period of 5 which gives it 5 days of market movement to monitor.  It is often the first indicator to show an overbought or oversold signal.

Rate of Change: The rate of change signal is falling indicating lower prices should be expected 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.





Support and Resistance Levels To Be Aware Of:

3100 is resistance

3030 in light support

3000 is support

2960 is light support

2950 was light support

2900 is light support

2860 is light support

2840 is support

2800 is strong support

2795 is light support

2745 to 2750 is light support

2725 is light support

2700 is light support


 Stock Market Outlook for Tomorrow – Tue Nov 12 2019 

The technical indicators are losing momentum and strength after two days of some weakness. However there are no indications the weakness will last long.

Tuesday should start higher and investors will try to push the index higher. Any positive news on China will send the index higher on Tuesday. Any negative news will keep the index locked below 3100.

The outlook for Tuesday is for a higher close.


Stock Market Outlook Archives

Morning Investing Strategy Notes

Morning Investing Strategy Notes for Jan 24 2020

For FullyInformed Members here are my morning investing strategy notes for Fri Jan 24 2020. Today’s notes focus on a large number of trades that ....... Read More
Morning Investing Strategy Notes

Morning Investing Strategy Notes for Jan 23 2020

For FullyInformed Members here are my morning investing strategy notes for Thu Jan 23 2020. Today’s notes discuss a few topics and look at a ....... Read More
Stock Market Outlook - sideways slight bias up

Stock Market Outlook for Jan 23 2020 – Overbought, Choppy, Sideways With Bias Up

Wednesday Jan 22 saw new highs again in the index by mid-morning but from there the index slipped lower. By the close the index was ....... Read More
Morning Investing Strategy Notes

Morning Investing Strategy Notes for Jan 22 2020

For FullyInformed Members here are my morning investing strategy notes for Wed Jan 22 2020. Today’s notes touch on a couple of topics but are ....... Read More
Stock Market Outlook Overbought Bias Up

Stock Market Outlook for Wed Jan 22 2020 – Overbought But Bias Is Up

Despite the weakness on Tuesday to start the week, the index is still overbought. Tonight’s market direction outlook is shortened as I am spending my ....... Read More
Morning Investing Strategy Notes

Morning Investing Strategy Notes for Jan 21 2020

For FullyInformed Members here are my morning investing strategy notes for Tue Jan 21 2020. Today’s notes cover a number of topics and a few ....... Read More
Weakness Dips Likely

Stock Market Outlook for Tue Jan 21 2020 – Overbought With Dips Likely

Markets are very overbought heading into the new week. My day was spent with tech support and the developers as new features are nearing unveiling ....... Read More
Morning Investing Strategy Notes

Morning Investing Strategy Notes for Jan 17 2020

For FullyInformed Members here are my morning investing strategy notes for Jan 17 2020. Today’s notes cover a number of topics and a few trade ....... Read More
Loading...