Monday, November 6, 2023

Market Prediction for 11/07/2023

Today stock market (S&P500) was just +ve as predicted. S&P500 was up 0.18%.

Let's focus on tomorrow.

+ve(up) reasoning:

  1. S&P futures are up 0.13% now - S&P 500 E-Mini | Index Futures | Markets Insider (businessinsider.com)
  2. oil price is down - WTI CRUDE is down by 0.43%.
  3. 10-year yield slightly down - US10Y: 4.643% -0.019 (0.00%) (cnbc.com)

-ve(DOWN) reasoning:
Unknown:
  1. Some companies earnings.
  2. Consumer credit coming.
  3. FED members speech.

With these observations, I am guessing tomorrow (11/07/2023) will be +ve.

No comments:

Post a Comment