Weekend Stock Market Outlook

Stock Market Outlook entering the Week of December 27th = Mixed

MOVING AVERAGES

  • Short-term (20 DMA): Uptrend 
    4 of the 5 major stock market averages ended the week at or above their 20-day moving averages.
  • Intermediate (50 DMA): Downtrend
    4 of the 5 major stock market averages ended the week below their 50-day moving averages.
  • Long-term (200 DMA): Mixed
    3 of the 5 major stock market averages ended the week at or above their 200-day moving averages.

COMMENTARY
A short trading week in the US, and some upward price movement, was enough to change the market outlook heading into the last week of 2015.  Price/volume and OEW are now leaning towards an uptrend.

However, short weeks and low trading volumes are not the stuff that uptrends are made of…best to enjoy the holidays and sit tight!

2015-12-27 - Stock Market Averages

2015-12-27 – 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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