On Tuesday the indexes took a breather as investors waited on news of an expected stimulus package. Other investors took profits with the index overbought. The S&P closed down 22 points to 3511 on Wednesday.
For Wed Oct 14 2020 I had to shorten the write-up as I spent most of the evening reviewing and updating prior trades and I had quite a few stocks to review to decide on a watch list for today.
Stock Market Outlook for Tomorrow – Wed Oct 14 2020
For Wednesday we will continue to see some dips but the technical indicators continue to point to the market as preparing to push higher shortly. We could see that happen as soon as today.
Should positive news on a stimulus package be released, the market will shoot higher.
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