Weekend Market Outlook

Market Outlook entering the Week of May 17th = Uptrend

MOVING AVERAGES

  • Short-term (20 DMA): Buy Signal
    All the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Uptrend
    Except for the Russell 2000, all the major averages remained above their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Price volume action was positive last week, indicating that a new uptrend started last week and switching the market outlook back to an uptrend.

Small caps (aka the Russell 2000) prices still lag, relative to other other indexes, but are recovering.

Objective Elliott Wave analysis shows intermediate support/resistance levels for the S&P500 remain unchanged for a 4th straight week.

  • Resistance:  2,131/ 2,198
  • Support:  2,070 / 2,085
2015-05-17 - US Stock Market Averages

2015-05-17 – US Stock Market Averages

Sources:

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.  For price/volume data, head to stockcharts.com.

Moving Average Signals:

  • Uptrend=Market indexes remained above their moving average during the trading week
  • Downtrend=Market indexes remained below their moving average during the trading week
  • Buy signal=Market indexes fell below their moving averages during the trading week
  • Sell signal=Market indexes rose above their moving averages during the trading week
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Weekend Reading – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

  • Income Investing – Stress Test Your Dividend Portfolio (DGI)
  • Growth Investing – Broad Trends Driving The Stock Market (The Big Picture)

Odds and Ends

  • Underwhelmed by the new Camaro?  Get Naughty… (BoldRide)
Red and Black Delahaye USA Bugnaughty

Delahaye USA Bugnaughty – BoldRide.com

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Better Investing Explained

I define better investing as making more money, more often. The more consistently I see profit from my investments, regardless of market conditions, the better my process has become.

Better investing implies that you’ve already started see the results of your investing process and you want to improve.  You can’t get better until you’ve started, and you’ll need a solid starting point to measure your gains.  And by solid starting point, I mean a repeatable decision-making process.

You did start off with a process right?

Use these three steps to evaluate your the results of your process and you WILL make more money.

  1. Capital Preservation
    • Don’t lose the money you have
  2. Consistent Returns
    • Create profits consistently using the money you have
  3. Superior Profit
    • Create profit from your profits

That’s it. Apply these three steps and I guarantee better investing performance. And yes, it really is that simple. The hard part is sticking to it.

Continues here 3 Simple Steps to Better Investing

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Weekend Market Outlook

Market Outlook entering the Week of May 10th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Buy Signal
    Except for the Russell 2000, all the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Buy Signal
    Except for the Russell 2000, all the major averages ended the week above their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Prior to Friday’s trading session, the U.S. markets were on the ropes:  high volume selling on Tuesday was topped by even higher volume selling on Wednesday.  Personally, Tuesday was the first time in a long time that every stock I own lost ground.

From a price perspective, Friday’s jump was impressive.  From a trading volume perspective, not so much.  Ideally, large price movements are driven by an increase in trading activity, when compared to the previous session(s).

Small caps (aka the Russell 2000) did get a bump on Friday, but not enough to retake the 20 and 50 day moving averages.

Intermediate Elliott Wave support/resistance levels for the S&P500 remain unchanged for a 3rd straight week.

  • Resistance:  2,131/ 2,198
  • Support:  2,070 / 2,085

Technically, the uptrend is still intact.  But until small cap prices and overall trading volumes make a return, the outlook remains “mixed” at best.

2015-05-10 - US Stock Market Averages

2015-05-10 – US Stock Market Averages

Sources:

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.  For price/volume data, head to stockcharts.com.

Moving Average Signals:

  • Uptrend=Market indexes remained above their moving average during the trading week
  • Downtrend=Market indexes remained below their moving average during the trading week
  • Buy signal=Market indexes fell below their moving averages during the trading week
  • Sell signal=Market indexes rose above their moving averages during the trading week
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Weekend Reading – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

  • Income Investing – Dividend Stock Analysis for 3M (DGI)
  • Growth Investing – Monthly Moving Averages (Advisor Perspectives)

Odds and Ends

  • Audi’s new spaceship (R&T)

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Weekend Market Outlook

Market Outlook entering the Week of May 3rd = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Mixed
    All the major stock market averages fell below their 20-day moving averages last week.  All but the Russell 2000 were able to recover.
  • Intermediate (50 DMA): Mixed
    Most of the major averages fell below their 50-day moving averages last week.  All but the Russell 2000 were able to recover.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
The U.S. stock market encountered more high volume selling last week, as all major indexes tested technical support levels.  While the uptrend is still intact for the coming week, keep an eye on the small capitalization stocks.  Companies in this category usually comprise “market leadership”, and they got pummeled last week.

Elliott Wave support/resistance levels for the S&P500 remain unchanged from last week, but Tony mentions some negative trends (divergences) in his long-term indicators.

  • Resistance:  2,131/ 2,198
  • Support:  2,070 / 2,085
2015-05-03 - US Stock Market Averages

2015-05-03 – US Stock Market Averages

Sources:

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.  For price/volume data, head to stockcharts.com.

Moving Average Signals:

  • Uptrend=Market indexes remained above their moving average during the trading week
  • Downtrend=Market indexes remained below their moving average during the trading week
  • Buy signal=Market indexes fell below their moving averages during the trading week
  • Sell signal=Market indexes rose above their moving averages during the trading week
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Weekend Reading – Personal Finance, Money Management, and Investing

Personal Finance

  • Not all robo-advisors are created equal (WSJ)

Money Management

Investing

  • Income Investing – Consumer Staples = Perfect Dividend Machines? (DGI)
  • Growth Investing – Technical Indicator – The Put/Call Ratio (Trader Feed)

Odds and Ends

  • Can I bum 1.5 million from anyone to buy this investment “vehicle”? (James Edition)
2008 Lamborghini Reventon

2008 Lamborghini Reventon

 

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