Weekend Stock Market Outlook

Stock Market Outlook entering the Week of December 1st = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Uptrend
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook uptrend continues, with corresponding signals from ADX and price/volume. OEW did not report this week due to the holiday.

Technical analysis of daily SPX prices

2019-12-01 – SPX Trendline Analysis – Daily

Technical analysis of weekly SPX prices

2019-12-01 – SPX Trendline Analysis – Weekly

Happy Thanksgiving Everyone!


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of November 24th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Uptrend
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook uptrend continues, with corresponding signals from ADX, price/volume and OEW.

More commentary after the jump…Stock Market Outlook – Week of November 24 2019


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of November 17th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Uptrend
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook remains in an uptrend, with price at an all time high and continued bullish price action in the ADX, price/volume and OEW signals.

In the daily view, the S&P500 looks a bit extended from support.  The ~3075 price level should act as the gatekeeper for any large decline.

Just like asymmetric warfare, one trade war tweet will override fundamental and technical research in the short-term, so risk manage accordingly!

More commentary after the jump…Stock Market Outlook – Week of November 17 2019


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of November 10th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Uptrend
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
Uptrend signals across the board in this week’s stock market outlook; the the ADX, price/volume and OEW signals showing bullish price action.

More commentary after the jump…Stock Market Outlook – Week of November 10 2019


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of November 3rd = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Mixed
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook continues to show an uptrend.

The ADX and OEW remain bullish.  Price and volume is still mixed, but a handful of distribution days will fall off this count this week, so you could be forgiven for thinking this signal shows an uptrend at this point.

Q3 earnings season is mixed, October’s jobs report came in better than expected, and the ISM manufacturing index showed contraction again. And the U.S. Fed lowered rates by 0.25% last week. 

More commentary after the jump…Stock Market Outlook – Week of November 03 2019


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of October 27th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Mixed
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook keeps an uptrend rating heading into this week.

The ADX show bullish price action, and OEW remains in an uptrend. Price and volume remains mixed.

If you’re looking at individual stocks, watch those earning reports! I’m seeing a lot of volatility when stocks with strong fundamentals report. You know how frustrating it is to see a stock hit trip your sell signal, only to rally back strongly in the next day or two!

More commentary after the jump…Stock Market Outlook – Week of October 27 2019


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Weekend Stock Market Outlook

Stock Market Outlook entering the Week of October 20th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Mixed
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook heads into this week in an uptrend thanks to changes in the ADX and OEW.

There’s no shortage of potential, market moving events in the near future: Earnings season, trade deals, geopolitical issues, and another potential rate cut.

Pick your spots!

More commentary after the jump…Stock Market Outlook – Week of October 20 2019


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