Weekend Stock Market Outlook

Stock Market Outlook entering the Week of March 5th = Uptrend 

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

COMMENTARY
Nothing from last week suggests a change in market outlook.  Even the notion of a rate hike in March was taken in stride by the US markets.

All the indexes remain above their respective 20 and 50 day moving averages.

Candlestick charts for US Stock Market Averages

2017-03-05 US Stock Market Averages

Price and volume action continues to be positive and the OEW uptrend signal remains in place.


If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

You can check out how well (or poorly) the outlook has tracked the market using past performance estimates:

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


 

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