US stock markets are likely to decline on Wednesday

The Fortune Teller Speaks:

I predict a stock market decline for Wednesday, in continuation of yesterday’s mixed market performance. Investors should really be starting to smell the bears, and yesterday’s sideways action only heightens the stench.

Wall Street Beats & Jives:

Yesterday brought us a flat earnings report from Nasdaq favorite Tesla Motors (NASDAQ:TSLA), which could have a deep red affect on the NASDAQ 100 today. Today also brings us the Leading Economic Indicators report at 10 AM EST, which will likely do anything but please investors.

Hindsight is a Beach and we are Playing on It:

Yesterday I was one-third correct, with the NASDAQ 100 (NASDAQ:QQQ) being my only correct stock market prediction with a .08% increase. The S&P 500 (NYSEARCA:SPY) and the Dow Jones Industrial Average (NYSEARCA:DIA) both went against me with .28% and .13% losses, respectively. Again, illogical is the word to describe investor sentiment right now, which appears to be trapped in a sideways box, waiting for a reason to go down (or up). Today’s news will likely not stir investors one way or another, although any bad news is never good for our precious indexes.

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

I would say that stock markets and investors are torn between greed and fear. The greed comes from the “need” to hit more records; the fear comes from the slow and painful realization that markets cannot go up forever. Are we at that inflection point now? Look at a chart of the S&P 500. That index is moving sideways.

Totally Calling It:

My secret sauce is throwing me a three versus two for a negative day today. Let’s see what happens.

Just for Sheets and Giggles:

Jeff Sprecher, CEO of IntercontinentalExchange Incorporated and the “to be” owner of the New York Stock Exchange, stated that the stock market is rigged against small investors. Surprise everyone!