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

2014-11-09 – US Stock Market Averages