Weekend Market Outlook

Market Outlook entering the Week of October 4th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Buy signal
    3 of the 5 major stock market averages rose above 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 showed signs of life last week, with higher volume up days indicating the start of a new uptrend.  OEW also confirmed an uptrend, so odds are good that the markets will see at least a short-term rally.  If so, the next few weeks will be a great time to readjust your holdings, especially if you’ve managed to hold on to positions since August.

2015-10-04 - US Stock Market Averages

2015-10-04 – 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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