Caution indicates a
neutral stance on the stock market; stocks could be up one day down
Forecast was last changed on October 14, 2011
Forecast was previously changed on August 4,
The Market Barometer
Forecast is a product of the models that run at particular times of the day,
like pre-open, open, post open, etc. The Forecast can be positive,
caution, or negative.
S&P 500 chart
Market Outlook For Tomorrow
December 11, 2013, Wednesday, 3:50p
Guess it had to happen sooner
or later. Taper talk is building especially now that there is a budget
deal. Models still don't see tapering in December because of the fact
that no one knows how bad a stock market sell off could be when tapering
Models expect stronger language next
week but still no tapering. Don't think the Fed wants to step out and
taper during this part of the holiday spending period as it is unclear what
the markets will do once tapering begins.
A major sell off is possible and
models don't see the Fed FOMC taking a big risk on a major stock market sell
off that could halt the recovery or at least could damage it if consumers
get freaked out on a major downturn in stocks.
Models will trigger the short term
forecast to caution prior to the close today.
Indicator -Short Term Forecast- is the position between positive and negative; home
position; model data distortion-value is negative positive equal;
short-term prospect is neutral- support areas could be tested; this
action could lead to a short-term negative.
Leading Indicator was last changed on
December 11, 2013
Leading Indicator was previously changed on
October 24, 2013
Leading Indicator is a product of the models that run at particular times of
the day. midday, pre close, and post close are some of the scheduled
run times. The
Leading Indicator can be positive, neutral, or negative.
Neutral bias with a
means the stock market could move lower or higher;
conditions appear to be limiting the likelihood of declines;
declines cannot be ruled-out.
Bias was last change on December 5, 2012
Forecast Bias was previously changed on
November 15, 2012
The Forecast Bias is a product
of the models that can run at any time deemed necessary. Big news
event or political happening are times that models can and do run. The
Forecast Bias can be positive, neutral, or negative.
Remember!!! Forecasts are only
good for the fundamentals of the market; news can change the direction
of the market; forecasting cannot predict events with 100% certainty.|