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Stock Markets To Have Two More Days

By jnyaradi
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Courtesy of John Nyaradi.

Stock markets are likely to rise today as we inch towards the New Year

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

I predict a stock market rise today, as the bulls seem determined to ride out 2013 in green.

All Eyes on Wall Street:

All eyes are now focused on the record setting 2013 for stock markets, but also on the underlying gut feeling that these stock markets will decline, badly.  What goes up must ultimately come down, and many Wall Street analysts are definitely nervous for 2014.  In the short term, we are dealing with new records on the baord coupled with minimal trading volume; in the long term things are not looking that rosey for Wall Street.  Today also brings us a Pending Home Sales report at 10:00 AM EST which will likely not sway investors one way or another.

Oddly enough, the VIX Index or the “fear index” as it is widely known, started to rise last week, suggesting lower prices for equity markets ahead.  Again, I think the Bulls are ready to celebrate New Years, but the Bears will not be hungover come New Years Day.

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

Last week was a positive week as we saw more records posted from the S&P 500 (NYSEARCA:SPY), the Dow Jones Industrial Average (NYSEARCA:DIA) and the NASDAQ 100 (NASDAG:QQQ).  Last Monday was our last stock market prediction in which we were correct across the board.  Hopefully the Bulls will be in our favor again today.

Fun Fact:

Check out this car made out of over 500,000 legos and runs on compressed air!

May the Bulls be With Us!

May the bulls be with us this second to last day of the year.  I think we need more records!

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

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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.

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