Probably the most important event this past week for stocks was the Feb announcement on interest rates on Wednesday.
Stock Market Outlook – 3rd Week Of March 2016
The week started with the S&P opening around the 2020 level and trading there for the day. Tuesday saw the market pullback to an intraday low of 2005 but by Wednesday investors were bullish and moved the market back to the 2020 level. Shortly before the Fed announcement, investors sold the S&P lower to 2010 but within minutes of Fed Chair Janet Yellen’s comments, the S&P was at 2025. The following day investors pushed sellers aside and pushed the S&P to close on Thursday at 2040 slicing through resistance at the 2030 valuation.
Friday saw another push and a close at 2049.58 while intraday the S&P was above 2050 before the close. This ended the week with a gain of 13% since the February 11 low marking the best rally since October 2015 for the S&P.
Here is the Stock Market Outlook for the fourth week of March 2016. This outlook includes trading tips, valuation guidelines for the week, anticipated market action and a number of trade ideas……. the rest of The Week Ahead article is for FullyInformed Members.
Stock Market Outlook – The Week Ahead For The Fourth Week Of March 2016
Members can login directly through this link to read the investing strategy notes for the week ahead or they can sign in to the full members site here. Non-members can join here or read about the benefits of a membership.
- Make or Break – Final Week Of February
- Watching The Trend – Third Week Of February
- Retest – Second Week Of February
- Oil, China, Earnings – First Week Of February
- Review Past Week Ahead Articles (listed recent to oldest)
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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