Stock Market Outlook entering the Week of January 26th = Uptrend

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

COMMENTARY
An uptrend remains in place for the stock market outlook this week, but the signals do indicate that trend has weakened a bit.

Chart-wise, the S&P continues to plod along within the price channel we’ve been following, but remains extended from moving averages (3% above the 50-day, and ~10% above the 200-day).

Per Factset, about 30% of the S&P 500 will report earnings this week. Hopefully you get an Intel (INTC), and not a Discover Financial (DFS)!

Charts and more commentary after the jump…Stock Market Outlook – Week of Week of January 26 2020