14.9 C
New York
Friday, May 3, 2024
HomeMarkets
Markets

Stocks Drunk On Fed Reserves

By jnyaradi
0
59
psw-placeholder
psw-placeholder

Courtesy of John Nyaradi.

I predict a stock market rise after yesterday’s Fed induced stock market bonanza

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

Stocks will likely rise today on the tails of yesterday’s rise; investors seem largely Fed driven.

All Eyes on Wall Street:

All eyes on Wall Street are waiting for the Fed meeting tomorrow, in which the Fed and Dr. Bernannke will lay out future easing and tapering plans.  Yesterday investors had a hope rally for more Fed intervention; one can only imagine what a Fed free stock market would entail.  So, today is likely another party/waiting game for what the Fed will do next: will Dr. Bernanke show up and deliver what investors want to hear or are we looking at tapering ahead?  Judging by yeseterday’s performance, investors are hopeful at the very least for more easing.

We are also due out for new Consumer Price Index, Core CPI, and Homebuilders Reports today, all of which have the capacity to add to the overall trend in stock market moves.

Hindsight is a Beach and We’re Playing on It:

Yesterday we got crushed, as I predicted a down market and stock markets went up.  The S&P 500 (NYSEARCA:SPY) rose .63%, the Dow Jones Industrial Average (NYSEARCA:DIA) rose .82% and the NASDAQ 100 (NASDAQ:QQQ) rose .71%.  Like I always say, I do not care where markets go just as long as we are right.  Better luck today.

Greed or Fear?

Oddly enough, stock markets seem largely driven by greed and fear, as investors appear greedy about wanting more easing while also fearful that the tapering will start. We will know more tomorrow.

Fun Fact:

Tech giant Google (NASDAQ:GOOG) just bought its 8th robotics firm.  What is Google up too next?  Check out this video to find out more.

May the Bulls be With Us:

I predict another Fed induced haze for the stock market.  May the bulls be with us.

This stock market forecast is for educational and informational purposes only.  It is not intended to be investment advice nor an investment recommendation.  Past performance is no guarantee of or indication of future performance and your performance may vary widely from any that may be indicated in this column. There is risk of loss in all investing and trading activities and you should consult your financial adviser before making any investment decisions.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,281FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x