Weekend Stock Market Outlook

Stock Market Outlook entering the Week of May 14th = Uptrend

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

COMMENTARY
The U.S. markets did not get a Macron bump courtesy of the French election.  Retail had the worst week by far, while cybersecurity firms rallied in response to the WannaCry attack.  Now investors will need to look for some other catalyst.

Stock indexes remain above most moving averages; the lone exception being the Russell 2000 closing below the 20-day.

Price trends for $INDU,$NYA,$SPX,$USD,$COMPQ,$CRB,$RUT,$GOLD

2017-05-14 – US Stock Market Averages

Price/volume remains in an uptrend, as does OEW.


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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