Stock Market Outlook entering the Week of December 13th = Downtrend

MOVING AVERAGES

• Short-term (20 DMA): Downtrend
  All the major stock market averages fell below their 20-day moving averages.

• Intermediate (50 DMA): Downtrend
  All the major stock market averages fell below their 50-day moving averages.

• Long-term (200 DMA): Downtrend
  All major stock market averages fell or remained below their 200-day moving averages.

COMMENTARY
Last week saw a continuation of bearish market action, with stocks taking a major beating on Friday.  Price/volume action, as well as OEW both confirm that a correction has taken hold, which is the bad news.

The good news?  The bull market that won’t die will do just that, extending into 2016.

2015-12-13 – 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