Weekly Reader – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

Odds and Ends

  •  Bat-Boat? A $25 million, 246-foot megayacht (GrindTV)

The Batmobile of Boats? Photo from Gray Design

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Safe Investing – Weekend Market Outlook

Market Outlook entering the Week of Dec 14th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Downtrend
    All the major stock market averages ended the week above their 20-day moving averages.
  • Intermediate (50 DMA): Mixed
    The Russell 2000 and Nasdaq closed above their 50-day moving average, along with the DJIA and the S&P500 (although just barely).  The NYSE closed below the 50-day moving average.
  • Long-term (200 DMA): Mixed
    The NYSE closed below the 200-day moving average, while the other major stock market averages ended the week above the 200-day moving averages.

COMMENTARY
Volume/price analysis of the major indexes moved from a confirmed uptrend to an uptrend under pressure, adding another 2-3 high-volume selling days to the count for a total of 4-5 (depending on the index).

Elliott Wave Analysis shows an intermediate downtrend is underway, but how long and how much remain are uncertain.

Time to prune that low-hanging fruit from your portfolio by selling investments that are showing signs of technical and/or fundamental weakness (breaking key support levels, lowering future revenue predictions, missing quarterly earnings, etc.).

Key S&P500 price levels to watch, courtesy of :

  • Resistance: 2,019 / 2,070
  • Support: 1,956 / 1,973

Elliott Wave Analysis from the ELLIOTT WAVE lives on by Tony Caldaro

Candlestick charts for the US market averages

2014-12-14 – US Stock Market Averages

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Weekly Reader – Personal Finance, Money Management, and Investing

Personal Finance

Money Management

Investing

Odds and Ends

  •  No MotoGP?  No Problem for the Doctor (Youtube)

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Safe Investing – Weekend Market Outlook

Market Outlook entering the Week of Dec 7th = 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
Volume/price analysis continues to show a confirmed uptrend with 2 high-volume selling days.

Key S&P500 price levels to watch, courtesy of Elliott Wave Analysis:

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

*I kept 2,070 as resistance for the time being, as the S&P took several attempts to overtake this level.

Elliott Wave Analysis from the ELLIOTT WAVE lives on by Tony Caldaro

Candlestick charts for the US Market Averages

2014-12-06 – US Stock Market Averages

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Weekly Reader – Personal Finance, Money Management, and Investing

Personal Finance

  • An Unbeatable Investment for Millennials (Bloomberg)

Money Management

Investing

Odds and Ends

  •  Invisible Shield Protects the Earth (Phys.Org)
Planet Earth with Protection Fields

Invisible shield ~7,200 miles above Earth Credit: Andy Kale, University of Alberta

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Safe Investing – Weekend Market Outlook

Market Outlook entering the Week of Nov 30th = 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 shortened trading week, with not much action in the stock market.  The same can’t be said for the oil market, as OPEC voted to maintain production levels and sent the price of crude tumbling.  But even with that turmoil wasn’t enough to overcome the lack of trading volume: the total range of price movements was 0.5%!

William O’Neal’s Big Picture analysis continues to show a confirmed uptrend with 1-2 distribution days.

Elliott wave analysis shows that the latest uptrend is not without its eccentricities, as expected of all late stage bull markets.  Interesting point from Tony:

While this uptrend has unfolded it has remained overbought on the daily relative strength index (RSI) for over one month. This has never occurred before during the entire bull market.

Key S&P500 price levels to watch:

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

Elliott Wave Analysis from the ELLIOTT WAVE lives on by Tony Caldaro

Candlestick charts for US Stock Market Averages

2014-11-30 – US Stock Market Averages

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Happy Thanksgiving

Woodstock on Pumpkins

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