Weekend Stock Market Outlook

Stock Market Outlook entering the Week of March 19th = Uptrend 

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

COMMENTARY
US markets rebounded last week, rallying on the 0.25% rate hike.  All the indexes are back above their 20 and 50 day moving averages.

Candlestick chart - US Stock Market Averages

2017-03-19 – US Stock Market Averages

Price and volume action remains positive; as mentioned last week, leading stocks continue to move sideways.  On the plus side, few are selling off on high volume, suggesting the rally still has some steam.

OEW uptrend signal also remains in place.   as we still need “higher highs” before the next correction.  Tony also reviews the “four-year Presidential cycle” as a method for forecasting major market lows.  As far as indicators go, it actually has a pretty good track record.


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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