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I know that there is no straight factual answer to this, however, are there any types of tools or signs that i can use such as momentum, that may help predict the stock market’s strength or weakness in the upcoming day?
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Thats the $64,000 question if we knew that we would all be rich. If you find out let me know
No one can judge wat will happen tommorrow
carry out market research
including the 7p’s
As you know, no one can really tell. However, you can make an educated guess. For instance, the sub-prime market crisis that is going on will definately affect financial lenders, homebuilders, companies that provide building supplies.
We all can guess that any publicly traded company with any connection to the sub-prime crisis is going to be affected and have their stock prices plunge.
Also, for short-term investing some technical indicators can give you an idea of how the market will react. These indicators are derived from historical data. History in the stockmarket never changes, it just repeats itself in different cycles, so you can almost determine what will happen if you use technical indicators. The huge "but" is technicals can be influenced by news, wars, human actions, which does not make them 100% accurate, but quite close, if you know which indicators to use.