Weekend Reading – Independence Day Edition – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

  • Income Investing – The One Buffett Lesson No One Wants to Hear (DGI)
  • Growth Investing – The 200 day moving average is nothing special (Price Action Lab)

Odds and Ends

  • American Thunder for Independence Day (YouTube)

 

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Weekend Market Outlook

Market Outlook entering the Week of June 28th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Sell Signal
    3 of the 5 major stock market averages fell below their 20-day moving averages.
  • Intermediate (50 DMA): Sell Signal
    3 of 5 major stock market 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
Retreat was the name of the game last week, as market prices headed south.  If you were on the lookout for high volume selling, you weren’t disappointed.  That, along with some index re-balancing, was enough to shift the market outlook.

However, the intermediate support/resistance levels from Objective Elliott Wave analysis remain unchanged for a 10th straight week.

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

The Greek financial assistance package runs out on Tuesday.  Will the markets be able to shrug it off?

2015-06-28 - US Stock Market Averages

2015-06-28 – 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 – Walmart – WMT (DGI)
  • Growth Investing – All trading programs eventually go boom (Zero Hedge)

Odds and Ends

  • World’s First 3-D Printer Supercar (Yahoo)
Silver Blade - World’s First 3D-Printed Supercar

Divergent Microfactories – The Blade

 

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Weekend Market Outlook

Market Outlook entering the Week of June 21st = Uptrend

MOVING AVERAGES

  • Short-term (20 DMA): Uptrend 
    All the major stock market averages rose above their 20-day moving averages.  Only the NYSE remained below this level as of Friday’s close.
  • Intermediate (50 DMA): Uptrend
    4 of 5 major stock market averages rose above their 50-day moving averages. Only the NYSE and DJIA remained below this level as of Friday’s close.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Just like last week, market prices recovered nicely through Thursday, but Friday’s sell off sent the indexes back towards their moving averages (20/50 DMA).

Unlike last week, price-volume continues to indicate an uptrend and Friday’s sell off had really heavy volume.  The number of high volume selling days is high for such a young rally.

Intermediate support/resistance levels from Objective Elliott Wave analysis remain unchanged for an 9th straight week.

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

All signs point to an uptrend, so the market outlook shifted.  But be on the lookout for high volume selling.

2015-06-21 - US Stock Market Averages

2015-06-21 – 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 – Why Dividend Investors Should Never Use Stop Loss Orders (DGI)
  • Growth Investing – The Investing Roller Coaster (The Reformed Broker)

Odds and Ends

  • Porsche and Chevy Victorious at Le Mans (GT Spirit)
Porsche 919 Hybrid #19 - 2015 Le Mans

Porsche 919 Hybrid #19 – 2015 Le Mans

 

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Weekend Market Outlook

Market Outlook entering the Week of June 14th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Downtrend
    4 of 5 major stock market averages remained below their 20-day moving averages.  Only the Russell 2000 remained above this level.
  • Intermediate (50 DMA): Downtrend
    3 of 5 major stock market averages remained below their 50-day moving averages. Only the NASDAQ and S&P 500 remained above this level.
  • Long-term (200 DMA): Uptrend
    All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Market prices were recovering nicely through Thursday, but Friday’s sell off sent most of the indexes back below moving averages (20/50 DMA).

Price-volume continues to indicate an uptrend and Friday’s sell off did not come with heavy volume.  But the NYSE, DJIA, and SP500 all look like they’re in downtrends because they’re below the 50 DMA.

Intermediate support/resistance levels from Objective Elliott Wave analysis remain unchanged for an 8th straight week  Commentary continues to favor a mild downtrend.

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

All this combines into a big question mark for the direction of the stock markets.  When the outlook is mixed, I focus on keeping losses small rather than buying into new positions.

2015-06-14 - US Stock Market Averages

2015-06-14 – 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

  • Gen X – Reality really does bite (Yahoo)

Money Management

  • Why bonds are the most important asset class (MarketWatch)

Investing

  • Income Investing – Investing is BORING if you’re doing it right (Mauldin Economics)
  • Growth Investing – Profiting from Climate Change (Mercer)

Odds and Ends

  • 2015 BMW 3.0L CSL Concept (Yahoo)
Yellow 2015 BMW CSL Concept and Silver 1972 BMW CSL

2015 and 1972 BMW CSL

 

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