Stocks Likely To Decline

US Stock Markets are likely to decline for Thursday
 
The Fortune Teller Speaks:
US stock markets will likely decline today due to the notion that the bulls cannot seem to keep their momentum, despite Tuesday’s heroic effort. Yesterday was a pitiful performance on behalf of the bulls and the bears both, but for right now I do not see the bulls taking over.
 
All Eyes on Wall Street:
All eyes on Wall Street will definitely be focused on the Weekly Jobless Claims report which is scheduled out at 8:30 AM EST. Yesterday’s ADP Employment report showed improved employment numbers for December, although investors did not appear to be satisfied with the results, judging by yesterday’s stock market performance. So, even if we have good jobs data today, we may be looking at more lackluster stock market results.
 
All in all, it appears that investors had a Janet Yellen moment on Tuesday, quickly followed by a reality check yesterday in terms of a $10 billion per month Fed taper program and the fact that this stock market cannot continue to go up indefinitely.

Hindsight is a Beach and We’re all Playing on It:
Yesterday was not a good day for us, as we predicted an up market across the board and lost through the S&P 500 (SPY) losing .02% and the Dow Jones Industrial Average (DIA) losing .41%. The NASDAQ 100 (QQQ) rose in our favor .30%, our only friend for the day. As always, I do not care where stock markets go, just as long as we are right!
       
May the Bears be with Us:  

I sense a whiff of bear in the air.
 
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.

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