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