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

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