Weekend Market Outlook

Market Outlook entering the Week of Feb 22nd = Uptrend

MOVING AVERAGES

  • Short-term (20 DMA): Uptrend
    All the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Uptrend
    All the major stock market averages ended the week above their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages ended the week above their 200-day moving averages.

COMMENTARY
A positive week for the stock markets in general.  Price and volume analysis continues to show an uptrend, and several days of high volume selling have “expired” or been removed from the current count.

Intermediate-term Elliott Wave Analysis shows support and resistance levels from last week are unchanged.

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

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.

2015-02-22 - US Stock Market Averages

2015-02-22 – US Stock Market Averages

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Weekly Reader – Personal Finance, Money Management, and Investing

Personal Finance

  • Best Practices (Trading and Otherwise) = Scenario Planning (Trader Feed)

Money Management

  • Does 60/40 Stocks vs Bonds still work for retirement? (Rick Ferri)

Investing

  • Income Investing – Buying at the Right Price is Important (DGI)
  • Growth Investing – The Challenges of a Long-Term Perspective (Pragmatic Capitalism)

Odds and Ends

  • Most Popular Vehicle in Each State (Yahoo!)
Most Popular Vehicle by State (2014)

Data: IHS Automotive/Graphic: Yahoo Autos

 

 

 

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Subprime borrowers back at it…

WSJ charts for subprime loans 2006-2014

Source(s):

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Weekend Market Outlook

Market Outlook entering the Week of Feb 15th = Uptrend

MOVING AVERAGES

  • Short-term (20 DMA): Uptrend
    All the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Uptrend
    All the major stock market averages ended the week above their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages ended the week above their 200-day moving averages.

COMMENTARY
As soon as we start to discuss a range-bound market, prices break that range to the upside and hit new highs.  Just confirms that we can’t predict, we can only prepare.

Intermediate-term Elliott Wave Analysis reversed course again (verses last week’s downtrend) and shows a uptrend.  With regard to support levels, last week’s resistance is this week’s support:

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

Price and volume analysis confirmed an uptrend, with some baggage from the number of high volume selling in recent weeks. Ideally, higher than average trading volume would also accompany new highs in price.  That said, nothing about the market action over the past year has been ideal.

U.S. markets are closed Monday for Presidents Day.

Sources:

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.

For stock charts, head to stockcharts.com

2015-02-15 - US Stock Market Averages

2015-02-15 – US Stock Market Averages | http://www.stockcharts.com

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Weekly Reader – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

  • Income Investing – How to Analyze Future Dividend Growth Potential (DGI)
  • Growth Investing –  Current S&P500 Snapshot (Advisor Perspectives)

Odds and Ends

  • You are never “too old”! (Yahoo!)

68-year-old racer for the American Federation of Motorcyclists (AFM) / Source: Oxymoron Photography

 

 

 

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How to Create the Budget of the Wealthy – Creating a Cash Flow Plan

J.Wenger:

Another example of how to organize your personal finances using the concepts from Rich Dad Poor Dad.

Originally posted on The Small Investor:

If you want to become wealthy, you need to manage money like wealthy people do.  As Robert Kiyosaki explains in his book, Rich Dad, Poor Dad, people who are poor or middle class have money come into their pockets through work and then right out again for expenses.  Rich people use some of their money to acquire assets – things that make money for them.  These assets keep paying them their whole lives, allowing them to increase their income little-by-little.  This is having your cake and eating it too.  When you have a cash flow plan where the income from assets is used to buy more assets, you really have the recipe for building wealthy.

In Chapter 6 of The SmallIvy Guide Book of Investing, Book 1I go through the process of creating a cash flow plan.  A cash flow plan shows how money comes into your life…

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Weekend Market Outlook

Market Outlook entering the Week of Feb 8th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Uptrend
    All the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Uptrend
    All the major stock market averages ended the week above their 50-day moving averages.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages ended the week above their 200-day moving averages.

COMMENTARY
Another week, same story; high volatility.  We can now say that the market has been range-bound or trendless to start 2015.  Combined with the high volatility we’re seeing each day, it’s no surprise that short and mid-term trading signals are switching from buy to sell to buy on a daily basis.  Until market prices are able exit the range (to the upside or the downside), I expect the market outlook to remain “mixed”.

Intermediate-term Elliott Wave Analysis reversed course again (verses last week’s downtrend) and shows a uptrend.  With regard to support levels, the S&P500 returned to the support level two weeks ago:

  • Resistance: 2,070 / 2,085
  • Support: 1,973 / 2,019

Price and volume analysis continues to show a struggling stock market, with another day of high-volume selling added to the count.

Trendless or sideways markets are a great time to prune your portfolio.  Your strongest stocks (fundamentally/technically speaking) will likely be the same stocks that large institutions are holding.  When a new trend finally takes hold, your primed for profit.  If the market rallies, stocks that weather the storm will continue to perform well.  If the market goes into bear mode, the strong stocks will be the last to follow the trend, allowing you a profitable exit.

Remember, the only “good” investments are the ones that make you money!

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro

Candlestick charts for 2015-02-08 - US Stock Market Averages

2015-02-08 – US Stock Market Averages

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