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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Huge Dividend Index Rebalance Means Massive Buy Orders for 5 Stocks

J.Wenger:

The reallocation of the index means that any fund that tries to mirror the index will also need to adjust its holdings (i.e. SPDR S&P Dividend ETF).

Originally posted on 24/7 Wall St.:

dividendsOn the close Thursday, the S&P High Yield Dividend Aristocrats Index is set for a rebalance. What this means is the index will be rebalanced to reflect reweighting allocations across the stocks that make up the index. It also means there will be some serious buying and selling on the last print Thursday.

In a research note, the analysts at Cowen have calculated the buys and sells in the index based on the holdings in the SPDR S&P Dividend ETF, which essentially mirrors the index and will also rebalance. The Cowen analysts estimate there are 20 stocks rebalancing with greater than 50% of 10 day average volume. We screened the list for the five stocks that could see the highest amount of share count buying and that had the highest percentage of volume increase over the 10-day average.

United Bancshares Inc. (NASDAQ: UBSI) is estimated to see a gigantic buy…

View original 456 more words

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Weekend Market Outlook

Market Outlook entering the Week of April 26th = Uptrend

MOVING AVERAGES

  • Short-term (20 DMA): Buy Signal
    The major stock market averages rose above their 20-day moving averages.
  • Intermediate (50 DMA): Buy Signal
    All the major averages remained or rose 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
What is it that makes Friday such an unpredictable day for the markets?  Price and trading volume activity gave markets the green light (in terms of an uptrend) in spite of several high volume sell offs over the past few weeks.

Market strength seems to be concentrated in a few sectors, rather than a broad advance.  For example, the NASDAQ’s Friday price advance looked really strong, but a peek under the hood shows trouble.  A few stocks accounted for most of the price move:

  • Amazon up 14%
  • Microsoft up 10%
  • Starbucks up 5%

These 3 stocks account have a big impact on the NASDAQ’s weighted average, so their strength could mask underlying activity.  Which is why you may not have noticed that falling stock prices beat out rising prices by a 7:5 ratio.

Just remember: don’t fight the market.  An uptrend is an uptrend.

Elliott Wave support/resistance levels for the S&P500 rose a notch:

  • Resistance:  2,131/ 2,198
  • Support:  2,070 / 2,085
2015-04-25 - US Stock Market Averages

2015-04-25 – 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

  • How Broad Diversification Helps Maintain Retirement Income (AAII)

Investing

  • Income Investing – How to Make Money While You Sleep (DGI)
  • Growth Investing – 3 Paths to Success (Trader Feed)

Odds and Ends

  • Chevy’s Autonomous Car – But what if I WANT to drive it? (The Verge)
Chevrolet FNR concept

Chevrolet FNR concept

 

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Weekend Market Outlook

Market Outlook entering the Week of April 19th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Sell Signal
    A majority the major stock market averages fell below their 20-day moving averages.
  • Intermediate (50 DMA): Mixed
    2 of the 5 major averages fell below their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Last week’s retest of early March’s price levels was going well for the Russell 2000, NASDAQ and NYSE.  Friday’s massive sell-off put a damper on things as we head into next week, suggesting another week or two before another retest of those highs…as long as the Greek financial mess doesn’t cause more problems.  Elliott Wave levels dropped a notch:

  • Resistance:  2,085 / 2,131
  • Support:  2,019 / 2,070
2015-04-19 - US Stock Market Averages

2015-04-19 – 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 – Building Cash Machines (DGI)
  • Growth Investing – Beta Strategies to Beat the Market (MarketWatch)

Odds and Ends

Silver Porsche 918

Porsche 918 – Naples Florida

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