This week we have a stock market forecast for the week of 5/16/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!
In last week’s forecast, the S&P 500 (analyzed here using SPY) had broken out to a new high, but as I wrote... Continue reading "Weekly Stock Market Forecast"
The three major indexes experienced a roller-coaster week that saw the NASDAQ fall -2.3% for the week marking its fourth straight week of losses as the tech sell-off continued. The DOW and the S&P 500 fell -1.1% and -1.2% this week, respectively.
Early in the week, the NASDAQ fell over -5%, with the DOW dropping nearly 1,200 points from Monday to Wednesday. The S&P 500 was unable to escape the broad sell-off losing -4% itself.
However, the market fought back to close daily trading in the green on Friday, with the DOW climbing 360.68 points or +1.1%, to 34,382.13. The S&P 500 gained +1.5% to 4,173.85, and the NASDAQ, the relative underperformer for the week, snapped back by +2.3% to 13,429.98. Continue reading "NASDAQ Suffers Fourth Straight Weekly Loss"
This week we have a stock market forecast for the week of 5/9/21 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, (analyzed here using SPY) had created a topping process as I have been commenting on, and was on the 4th day of bearish activity when a new blast of buying took the market out to new highs.
This completes my forecast the other day when I said... Continue reading "Weekly Stock Market Forecast"
The S&P 500 and DOW jumped to record levels on Friday despite a disappointing April jobs report. The Labor Department said nonfarm payrolls increased by just 266,000 in April, far less than the 1 million total economists were expecting, according to Dow Jones. The unemployment rate rose to 6.1% last month amid an escalating shortage of available workers, higher than an expectation of 5.8%. Meanwhile, March's originally estimated total of 916,000 was revised down to 770,000.
As the market came to a close on Friday, the S&P 500 climbed +0.7% to 4,232.60, hitting a record high. The DOW rose 229.23 points or +0.7%, to 34,777.76 to reach another closing high, and the NASDAQ jumped +0.9% to 13,752.24. Continue reading "Disappointing Jobs Report And Record Highs"
This week we have a stock market forecast for the week of 5/2/21 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 (analyzed here using SPY) worked to process a new short-term top this week as forecast in last week’s submission.
My short-term forecast hasn’t changed since last week and can be seen in the form of the yellow arrows on the daily chart here. I expect to see a correction to form next week and then another push back up to retest the highs over the next couple of weeks.
The patience we have had to exhibit over the last month or two is paying off as there are a lot of nice opportunities showing themselves in individual stocks this week... Let’s look at a few! Continue reading "Weekly Stock Market Forecast"
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