Weekend Stock Market Outlook

Stock Market Outlook entering the Week of December 25th = Uptrend 

  • 20/50/200 Day Moving Averages: Uptrend
  • Price & Volume Action: Uptrend
  • Objective Elliott Wave Analysis: Uptrend

Happy Holidays! US markets continued treading water last week, with no major moves as trading volume dried up ahead of the holidays.

All the major indexes remain above their respective 20/50/200 day moving averages.

2016-12-25 - US Stock Markets

2016-12-25 – US Stock Markets

OEW continues to signal an uptrend, but notes that two very positive events (electoral college confirmation and the best GDP report in 2 years) did not provide much upside to the market.

For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.  Charts provided courtesy of stockcharts.com.

This entry was posted in Historical Data, Market Trends, Other Blogs and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.