Stock Market Outlook - May 16 2021

Last week's price action made a mess of the stock market outlook signals, but an uptrend remains in place to start the week.

The lack of trading volume on upside days continues to indicate a buy-the-dip mentality. It’s a good sign that people are still willing to buy, even at these elevated valuations.

But that also means you need dips to buy, so practice good risk management. You never know which dip will be "transitory".

More commentary after the jump...Stock Market Outlook - Week of May 16 2021