Weekend Market Outlook

Market Outlook entering the Week of September 27th = Downtrend

MOVING AVERAGES

  • Short-term (20 DMA): Sell signal
    All the major stock market averages fell below their 20-day moving averages.
  • Intermediate (50 DMA): Downtrend
    All the major stock market averages remained below their 50-day moving averages.
  • Long-term (200 DMA): Downtrend
    All of the major stock market averages remained below their 200-day moving averages.

COMMENTARY
US stocks retreated last week.  We’re still waiting for confirmation of the longer-term trend, so continue to monitor your positions and keep your losses small.

2015-09-27 - US Stock Market Averages

2015-09-27 – US Stock Market Averages

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.  For price/volume data, head to stockcharts.com.

Moving Average Signals:

  • Uptrend=Market indexes remained above their moving average during the trading week
  • Downtrend=Market indexes remained below their moving average during the trading week
  • Buy signal=Market indexes rose above their moving averages during the trading week
  • Sell signal=Market indexes fell below their moving averages during the trading week
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