I predict a stock market rise for Friday, due to continued positive investor sentiment

The Fortune Teller Speaks:

I predict a stock market rise for Friday, due to positive earnings reports by Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), and a positive Durable Goods Orders Report released this morning.

Wall Street Beats & Jives:

Investors have a fair amount of news to deal with, including an improved Durable Goods Orders report released this morning, plus new positive Q3 Earnings Reports from Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). Both tech companies released better than expected revenue growth for Q3, and Zynga (NASDAQ:ZNGA) joined in the fray as well. Since all of this positive news was just released outside of the bell, investors will likely react in a good way.

Hindsight is a beach and we’re playing on it:

Yesterday was an accurate call for us, with all three major indexes rising into the green. So far we’ve had a pretty good week as far as predictions go. Hopefully we can continue the process today. Read yesterday’s stock market prediction here.

Are stock markets driven by need, speed and greed or cold, hard fear?

The S&P 500 (NYSEARCA:SPY) appears to be consolidating around the 1752 mark, despite a week of gains and losses. Investors have really nothing else to focus on right now except for earnings and economic reports, and the technicals indicate a slight rise in momentum, albeit a weak one at best. All in all, I’d say we are in bearish territory over the next few days, but stock markets for right now are still driven by greed, although the speed and need (a.k.a hope) for higher prices appears to be waning quickly.

Totally Calling It:

My five factor indicator is a net 3 versus 2 for a positive day. Could be dicey. Could be mixed. But I think the stock market will ultimately be positive for Friday.