Market Outlook entering the Week of November 1st = Medium-term uptrend

MOVING AVERAGES

• Short-term (20 DMA): Uptrend
  All the major stock market averages remained above their 20-day moving averages.

• Intermediate (50 DMA): Uptrend
  All the major stock market averages remained above their 50-day moving averages.

• Long-term (200 DMA): Mixed
  3 of the 5 major stock market averages rose above their 200-day moving averages.

COMMENTARY
Several indexes are back above their 200-day moving averages, which adds more credence to the latest uptrend.    It remains a good time to do some short-term trading, or make adjustments to your longer term holdings.

2015-11-01 – 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