Stock Market Outlook for Wed Apr 15 2020 – Weakness But Still Higher

With more financial earnings on tap for today we could see some further weakness depending on how poor the numbers are to start the day.

Tuesday was a strong day with further good gains and the NASDAQ back above the 200 day moving average. The S&P ended the day at 2846.

Stock Market Outlook Chart Comments At The Close on Tue Apr 14 2020 

The SPX chart continues to be bearish with 6 sell signals in the chart. However on Tuesday the index closed at the Upper Bollinger Band and just below the 200, 100 and 50 day moving averages.

The 200 day moving average is now leading the market, which is typical in a bear market. It is followed by the 50 day and the 100 day. The 21 day is turning back up.

The closing candlestick on Tuesday is bullish for Wednesday but a close at the Upper Bollinger Band will normally see a bit of weakness intraday.

Stock Market Outlook review of Tue Apr 14 2020

Stock Market Outlook: Technical Indicators Review:

Momentum: Momentum is moving sideways and positive.

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

MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Thursday March 26. The up signal was strong again on Tuesday.

• 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 turning sideways.

• 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 has a weak up signal in place and is signaling overbought.

• 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 moving sideways.

• 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 which could be signaling some weakness on Wednesday.

• 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:

2900 is resistance

2860 is resistance

2840 is resistance

2800 is resistance

2700 is light support and marked a drop of 20.4%.

2675 is light resistant

2650 is light support

2625 is light support

2600 is support

2550 is light support

2500 was good support and marked a correction of 26.3%

2344 is the next level of support and marks a 30.9% correction.

2100 is light support

2000 is good support and marks a drop of 1393 points for a 41% correction. More analysts are jumping onto this level as where the correction is heading.

 Stock Market Outlook for Tomorrow – Wed Apr 15 2020 

For Wednesday the technical indicators are pointing to the rally possibly stalling. We could see some dips on Wednesday that may be a bit deeper than anticipated.

However the signals still point to the S&P as moving higher on Wednesday by the close.

Stock Market Outlook Archives

Stock Market Outlook For Wed May 6 2026 – Choppy But Higher Still

Prior Trading Day Summary On Tuesday stocks again shook off Middle East worries and climbed higher. The SPX made another new intraday high as it reached 7273. The index closed ....... Read More

Morning Investing Strategy Notes for Tue May 5 2026

For FullyInformed Members the morning Investing Strategy Notes for Tue May 5 2026 look at the dip on Monday and the chance for another lower close today. There are a ....... Read More

Stock Market Outlook For Tue May 5 2026 – Overbought and Lower

Prior Trading Day Summary On Monday stocks saw some minor pressure and ended the day slightly lower. The SPX lost 29 points to close at 7200 on 5.2 billion shares ....... Read More

Morning Investing Strategy Notes for Mon May 4 2026

For FullyInformed Members the morning Investing Strategy Notes for Mon May 4 2026 look at the chance for a lower close. There are a large number of equities discussed in ....... Read More

Stock Market Outlook For Mon May 4 2026 – Dips Likely With Possible Lower Close

Prior Trading Day Summary On Friday stocks continued to push higher on the back of better than estimated earnings from a number of large cap companies. With their stocks continuing ....... Read More

Morning Investing Strategy Notes for Fri May 1 2026

For FullyInformed Members the morning Investing Strategy Notes for Fri May 1 2026 look at the chance for another closing new high on Friday. There are a large number of ....... Read More

Stock Market Outlook For Fri May 1 2026 – Overbought But Higher

Prior Trading Day Summary On Thursday earnings from a number of big cap stocks like Alphabet Stock (GOOGL) and Eli Lilly Stock (LLY) helped to push the indexes to new ....... Read More

Morning Investing Strategy Notes for Thu Apr 30 2026

For FullyInformed Members the morning Investing Strategy Notes for Thu Apr 30 2026 look at the odds of a lower day. There are a large number of equities discussed in ....... Read More

Stock Market Outlook For Thu Apr 30 2026 – Dips Likely Possible Lower Close

Prior Trading Day Summary On Wednesday the SPX closed slightly lower while the NASDAQ closed higher ending the day with a mixed outlook. The SPX fell 3 points to close ....... Read More

Morning Investing Strategy Notes for Wed Apr 29 2026

For FullyInformed Members the morning Investing Strategy Notes for Wed Apr 29 2026 look at expectations for profits on Wednesday and especially Thursday. There are a large number of equities ....... Read More

Stock Market Outlook For Wed Apr 29 2026 – Choppy But Higher Ahead Of More Earnings

Prior Trading Day Summary On Tuesday both the SPX and NASDAQ lost a little ground but the bigger earnings are set to be released starting tomorrow. The SPX fell 35 ....... Read More

Morning Investing Strategy Notes for Tue Apr 28 2026

For FullyInformed Members the morning Investing Strategy Notes for Tue Apr 28 2026 look at anticipated market action for today. There are a number of equities discussed in today's morning ....... Read More

• 1
• 2
• 3
• …
• 576
• ›