Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 9/12/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

After all our waiting, the S&P finally turned over and printed a bearish, non-hysterical candle on the weekly chart. So next week’s reaction will tell me a lot. If the bears come out in droves, then we can get confident and aggressive on the bear side, but if we sell off early, then close strong, it would indicate that we remain stuck.

I’m building a watch list of short opportunities, but it would be imprudent to enter now, as there just hasn’t been any actionable data coming out of this market for weeks. However, I’m hopeful that will change in the next 7 days. Continue reading "Weekly Stock Market Forecast"

DOW Finishes With 5 Straight Days Of Losses

The DOW posted a daily loss for a fifth straight day Friday as economic uncertainty looms large. The DOW dropped 271.7 points or -0.78%, to close at 34,607.72. The S&P 500 dipped -0.77% to close at 4,458.58, and the NASDAQ -0.87% to close at 15,115.49.

For the week, the DOW finished down -2.15% for its second negative week in a row. Likewise, the S&P 500 lost -1.69% for the week, its first weekly loss in two weeks, while the NASDAQ finished the week -1.61% lower. Continue reading "DOW Finishes With 5 Straight Days Of Losses"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 9/5/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart -Stock Market Forecast

A terrible hurricane that did billions in damage, yuuge flooding in Manhattan with 7 inches of rain...

And the S&P still stays in its coma.

Looking at this historic disconnected rally in the markets, I’m reminded of what it’s like to be deep in the woods of Maine. Continue reading "Weekly Stock Market Forecast"

Big Jobs Report Miss Dampens Market Mood

The DOW retreated on Friday, and the S&P 500 slipped from record highs after the August jobs report came in short of expectations, showing the impact of the delta variant Covid resurgence on the workplace.

The DOW lost 74.73 points or -0.21%, to close at 35,369.09, while the S&P 500 edged lower by -0.03% to 4,535.43. The NASDAQ gained +0.21% on the day to close with a new record close of 15,363.52.

The NASDAQ was the best performing index for the week, rising +1.55%. The S&P 500 gained +0.58%, while the DOW ended up down or -0.24% week. Continue reading "Big Jobs Report Miss Dampens Market Mood"

Earnings Calendar for September 2021

Over 200 publicly traded companies are scheduled to release earnings data in September 2021. While we're out of prime time earnings season, big-name companies are still announcing on Wall Street.

The story should be similar to every other earnings season - some companies will smash estimates while others will disappoint the market. And, some announcements will spawn incredible earnings plays for active traders.

Most Anticipated Earnings For September 2021

Below are some of the most anticipated scheduled earnings announcements for September Continue reading "Earnings Calendar for September 2021"