Safe Investing – Weekend Market Outlook

Market Outlook entering the Week of Nov 9th = 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
The markets continue to rise.  For the week, William O’Neal’s Big Picture analysis remained in a confirmed uptrend.

Key S&P500 price levels to watch:

  • Support: 2,000 and 2,019
  • Resistance: 2,070 and 2,085

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

Candlestick charts - US Stock Market Averages

2014-11-09 – US Stock Market Averages

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