Last week saw two days of strong back to back rallies. The rallies were the best in over a month and pushed the S&P to above 2080. But then the party stopped and on Thursday and again Friday, investors let the markets drift sideways.
IMF Global Economic Downgrade
There were many reasons for the rally to stall. The IMF downgraded the global economic outlook both on Thursday and again on Friday although they reiterated that there were no signs of a global recession.
Bank Earnings Were Mixed
Part of the trouble was earnings from the big banks which started this week were mixed with JP Morgan boosting the market with slightly better than expected earnings and Wells Fargo Bank disappointing as their balance sheet showed a decline possibly due to over exposure to the oil industry with a number of non-performing loans. Bank of America showed they were basically “muddling” along.
Here is the Stock Market Outlook for the second week of April 2016. This outlook includes strategy tips, valuation guidelines for the week, anticipated market action and the general Stock Market Outlook for the week……. the rest of The Week Ahead article is for FullyInformed Members.
Stock Market Outlook – The Week Ahead For The Second Week Of April 2016
Members can log in 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.
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)
Understanding Short-Term Signals
Market Direction Portfolio Trades (Members)
Market Direction External Links
Market Direction IWM ETF Russell 2000 Fund Info
Market Direction SPY ETF 500 Fund Info