Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 10/24/21 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 Daily Chart - Stock Market Forecast

The time is finally here...

SPY has to choose what to do next. Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 10/17/21 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

This week's rally conforms to my forecast nicely from last week.

Nothing has really changed; I still have a lot of bearish readings for the S&P 500, which conflict with the surge of bullish interest that is currently being absorbed.

I still expect the SPY to rally up to retest the all-time highs and break out to the upside. Unfortunately, that breakout would likely be on low momentum, and the odds are high; it will turn into a false breakout. This would set up a classic "Trap trade," as the breakout players all react emotionally to the failed breakout. Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 10/10/21 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

My life got medically hijacked a few weeks ago when our daughter decided to make her appearance a few weeks early! We spent some time with her in hospital, but all is well that ends well, and she's happy, healthy, and home!

It's times like these that really make me grateful that I have been blessed to live the life of an independent trader, free to dodge and weave and adapt to the curve balls life throws at you.

I haven't looked at screens for a while, so I come to the charts with fresh eyes. Here is what I'm seeing and can forecast for the week to come. Continue reading "Weekly Stock Market Forecast"

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"

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"