Stock Market Outlook entering the Week of February 5th = Uptrend
- 20/50 Day Moving Averages: Uptrend
- Price & Volume Action: Uptrend
- Objective Elliott Wave Analysis: Uptrend
US markets had a hard time getting going last week, but found their footing on Friday as the Trump administration started dismantling Dodd-Frank.
All the indexes closed the week above their respective 20 and 50 day moving averages.
Price and volume action remains positive; leading stocks continue to advance without major sell-offs. The number number of distribution days experienced by the general market is neither high nor low.