Stock markets will likely rise on Tuesday

The Fortune Teller Speaks:

I predict a stock market rise for Tuesday, although investors should really just wake up and smell the bears. Really everyone, how long can this stock market rally go on?

Wall Street Beats & Jives:

Tuesday looks like a relatively quite day, with the CoreLogic Home Price Index, ISM Non- Manufacturing, and Housing Vacancies reports due out. We are also expecting Q3 2013 earnings reports from Tesla (NASDAQ:TSLA), AOL (NYSE:AOL) and T-Mobile (NYSE:TMUS). Again, a relatively quite day, and I believe at this point the technical factors of today’s stock markets are weighing more into stock market performance than anything else at this point.

Life’s a Beach and We’re Playing on It:

Last week I got killed by the Fed on Wednesday, as markets plunged because investors finally realized that the Fed does not really have control of this economy. We then witnessed more gains throughout the rest of the week. Illogical is a great word to describe investor sentiment and stock market performance right now. Speaking of illogical moves, the S&P 500 (NYSEARCA:SPY) rose .36% yesterday, the Dow Jones Industrial Average (NYSEARCA:DIA) rose .15%, and the NASDAQ 100 (NASDAQ:QQQ) rose .37%. It feels like the blind is leading the blind and we are within range of a cliff.

Are Stock Markets Driven by Need, Speed and Greed, OR Fear?

Stock markets and investors seem largely driven by greed at this point, as the bulls are continually trying to reach new records. Markets are also starting to move sideways, which further indicates how desperate Wall Street really is. Desperate times call for desperate measures, and desperation on Wall Street usually amounts to a correction. Will that correction start today? Tomorrow?

Totally Calling It:

My 5 factor indicator is flashing a green market three versus two. Time to suck it up Wall Street.

Just for Sheets and Giggles:

Today’s fun fact: India is attempting to send a probe to Mars for the mere price of $73 million. If India succeeds, it will be the first Asian nation to do so, likely to China’s and Japan’s dismay. Are we looking at a new Asian space race?

My Bottom Line:

I am calling a stock market rise for Tuesday, although this rally simply cannot go on forever. Markets are also beginning to move sideways and bulls can’t move sideways.

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