Safe Investing – Weekend Market Outlook

Market Outlook entering the Week of Nov 16th = 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 quiet week for the markets.  All the indexes remain above their moving averages, William O’Neal’s Big Picture analysis shows a confirmed uptrend, and no changes on the Elliott Wave front.  Key S&P500 price levels to watch:

  • Resistance: 2,070
  • Support: 2,019

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

Candlestick charts for US stock market averages

2014-11-15 – US Stock Market Averages

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