Stocks Weekly Forecast

        The stocks need a crucial week starting Monday. Obviously you can't seem to get enough news on the Fiscal Cliff. But it seems to be that big of a deal. It gets really annoying to hear about it, but it will be a crucial part for the markets this week and the next.
       
Here is the forecast for the stock markets this week.

- Last week was a wobbly one. No new news on the fiscal cliff let the markets react sideways. It was also trying to break out of its small gains a little, but failed. Maybe the markets will be able to break out of their small gains to a big one sooner or later. If no new news on the fiscal cliff comes out, instead of heading side ways, the stocks might fall.
- Apple killed the NASDAQ last week as Apple lost 9%. The NASDAQ ended up losing 1% a truly abnormal week. If Apple and the rest of the technology stocks keep lagging the NASDAQ will get brought down, and so might the rest of the markets. Expect the NASDAQ to have a better week if all things go as planned this week.
- The Federal Reserve will meet in the middle of this week and hope to bring relief to the markets and see what they can do to help the economy out even more. Although good news is expected from this, if any bad news comes out, the markets could tank.
- Some crucial earnings come out this week. Costco, Adobe, and Joy Global to name a few. They may have a good week while the markets might be bogged down.
- With good economic signals out on Friday you would think the markets would have had a field day, but they could not break out of their week gains since consumer confidence spiraled down because the media covering the fiscal cliff issue let more and more consumers be informed of what could happen if we go over the fiscal cliff. I still believe that the retailers will have a better holiday season than they did last year, although the fiscal cliff seems to be dragging it down, be speculative when playing the retailer sector.

          To sum it up the week is crucial because of the fiscal cliff news. Any good news comes outs, markets will react positively; any bad news comes out OR no new news at all, the markets could go flat or sink. The economy seems to still be in question, so stocks can't hold onto their gains as long especially with the news out of Washington, do your research as we will do ours. Hold off from buying for awhile, and if you seem to be in the buying mood, just be cautious with your choices. Most investors sell their gains or losses at the years end, you might want to follow depending on the news from the infamous fiscal cliff.