Monday, October 30, 2023

Stock Market(S&P500) predictions for 10/31/2023

 Today's market prediction was correct and the S&P500 is up 1.20%.


Let's try to reason the market for tomorrow.

+ve(up) reasoning:

  1. Might be its oversold last week.
  2. Santa Claus rally may be going to start.

-ve(down) reasoning:

Unknown: 
  1. Consumer confidence is going to come tomorrow.
  2. earning for companies Samsung,Pfizer,AMD etc. tomorrow.


I am planning to stick with numbers. Since oil price is up and futures are down, prediction for tomorrow (10/31/2023) is that S&P500 is going to be -ve.


This is not a financial advice. This is just for my fun and my analysis.

No comments:

Post a Comment