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I Predict A Stock Market Rise For Monday

By jnyaradi
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Courtesy of John Nyaradi.

I predict a Fed induced stock market rise for Monday

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 for Monday due to hopeful investor sentiment regarding the Fed’s quantitative easing program, plus my expectation of a positive Q3 earnings report from Wall Street giant Apple Computer (NASDAQ:AAPL).  Merk (NYSE:MRK) and Seagate Technology (NASDAQ:STX) are likely to join the fun as well.

Wall Street Beats and Jives:

Investors appear poised and ready for continued Fed quantitative easing this week, due to the fact that the US economy has yet to satisfy (at least we think) Fed standards.  This Wednesday’s FOMC meeting also marks the first time Fed Chairwoman Janet Yellen will be making the calls, and we all know that she is even more dovish than our previous Dr. Ben.  Since Wall Streeters love easing, a dovish Yellen plus an anemic economy could very well yield a huge party on Wall Street this week.

This week also brings us an enormous Q3 earnings session, with Wall Street giants Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), Starbucks (NYSE:SBUX) and General Motors (NYSE:GM) pitching in, among others.  Apple will likely start the party today, as their new iPhone 5 C has been an enormous success.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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