Weekend Stock Market Outlook

Stock Market Outlook entering the Week of January 12th = Uptrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Uptrend
    • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook maintains an uptrend after its first full week of trading in 2020.

The market shook off a flurry of potentially market moving headlines last week, and experts see little risk of recession in 2020…even the yield curve data seems to back this up.

Seems like there’s a lot of complacency right now, no?

More commentary after the jump…Stock Market Outlook – Week of Week of January 12 2020


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2 Responses to Weekend Stock Market Outlook

  1. shmeiso says:

    Thx, Nice done!

    Bullish, does that mean you don’t see a minor retracement next week?
    I thought there is some doubt … about where we are within Elliott and what retracement to expect in near future … flat … -120 … +240 … more …

    I was interested in your expert opinion about the size and timing of next retracements … Thx.
    (nb: 6.01.2020 (3214,64) is this a “micro 4” or “pico 4 of nano 5 of micro 3”)

    • J.Wenger says:

      Thanks! Wouldn’t be surprised by a minor retracement and I still think we’re overdue for some kind of sell-off. For the stock market outlook, I use a long/medium term view, so I stop at the Intermediate Waves (Int i of Major 3 of Primary III per Tony’s blog).

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