Sunday, April 25, 2021

Stock Market Outlook - April 25 2021

The stock market outlook continues to indicate an uptrend in place to start this week's trading action.

Volatility increased, since that's what we're calling 1% moves these days. All signals show bullish trends, but Elliott Wave is starting to show some cracks in the trend.

Tax increases are on the horizon (no surprise), but there are still plenty of fundamental reasons to be bullish in the near-term.

More commentary after the jump... Stock Market Outlook - Week of April 25 2021

Sunday, April 18, 2021

Stock Market Outlook - April 18 2021

The stock market outlook shows an uptrend remains in place to start the week of April 18th.

All three signals (ADX, Price/Volume, and EW) remain green.

The economic backdrop (retails sales, earnings) support expectations for further gains in the stock market this quarter, but don't be surprised if we see some profit taking and/or sector rotation as investments hit overbought and oversold levels.

More commentary after the jump... Stock Market Outlook - Week of April 18 2021

Sunday, April 11, 2021

Stock Market Outlook - April 11 2021

The stock market outlook shows an uptrend remains in place to start the week of April 11th.

The Dow Jones Industrial Average, S&P 500 and Nasdaq 100 at all time highs, and volatility is dropping, which likely means the rally has more room to run.

More commentary after the jump... Stock Market Outlook - Week of April 11 2021

Sunday, April 4, 2021

Stock Market Outlook - April 04 2021

The stock market outlook shows an uptrend in place to start the week of April 4th, with all three signals showing bullish price action.

More commentary after the jump... Stock Market Outlook - Week of April 04 2021