Stock Market Outlook for Wed May 16 2018

Stock Market Summary for May 15 2018 

After 7 days of the S&P climbing, stocks took a breather on Tuesday and ended the day lower.

As this evening I spent most of the time assisting some investors the usual stock market outlook is shortened this evening.

Stock Market Outlook Chart Comments At The Close on Tue May 15 2018 

There is no chart tonight.

Despite the pullback today, the S&P is still above all major moving averages. The 21 day moving average continued to rise and reached the 50 day moving average on Tuesday. It may cross above it on Wednesday which would be a very bullish signal.

The closing candlestick on Tuesday is bearish for Wednesday.

Stock Market Outlook: Technical Indicators Review:

Technically the pullback on Tuesday did not change the Moving Average Convergence / Divergence up signal or the momentum move higher. It did however turn the Slow Stochastic into a down signal and the Ultimate Oscillator, Relative Strength Index (RSI) and Rate Of Change all turned down.

Support Levels To Be Aware Of:

2745 to 2750 was light support

2710 is light support.

2700 was support.

2675 was light support.

2650 is light support

2620 is light support

2600 is strong support.

There is good support at the 2550 level from where the market bounced back from the recent correction low on Feb 9.

The S&P has light support at 2480. It also has light support at 2450 and good support at 2425. Below that there is some support at 2400, 2380, 2350. 2300 has the most support at present but would represent a full correction as a drop to this level would be 20% and just 5% away from a potential bear market signal.

 Stock Market Outlook for Tomorrow – Wed May 16 2018 

For Wednesday there is still going to be some weakness. The only area to watch is the 2700 level. If it holds on Wednesday and the index stays above 2700 or closes above it, the outlook will remain positive for the markets. A close below 2700 will probably set the market up for a move back to 2680 and possibly 2650.

The technical indicators are split so the outlook is almost 50/50 for the S&P direction on Wednesday. I think the 2700 level will hold even if the index dips below it intraday on Wednesday. The close should still be at or above 2700.  For Wednesday then we are looking at a day of weakness.

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
• ›