The Safe Investing Blog

Stock Market Outlook entering the Week of December 11th = Uptrend 

• 20/50/200 Day Moving Averages: Uptrend
• Price & Volume Action: Uptrend
• Objective Elliott Wave Analysis: Uptrend

COMMENTARY
US stocks returned to their winning ways, as all the major indexes posted impressive gains.

The Nasdaq recovered nicely, rejoining all the other major indexes above their respective 20/50/200 day moving averages.

2016-12-11 – US Stock Market Averages

So much for that topping action mentioned in last week’s update.  Wednesday’s price volume action tabled that discussion.  All the indexes went on to lose a distribution day last week.  The NASDAQ remains elevated, which is expected given all the selling in major technology names recently.  (Nasdaq = 4, NYSE = 1, S&P500 = 3, and the Dow = 2).

OEW remains in an uptrend and continues to expect it to last into January.

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

Stock Market Outlook entering the Week of December 4th = Uptrend 

As expected, US stocks ran into resistance last week. The S&P 500 fell 1%, the Nasdaq lost 2.7%, the NYSE fell 0.1%, and the Russell 2000 lost 2.4%. The Dow managed to squeeze out a gain of 0.1%.

More after the jump…Stock Market Outlook – Week of December 4th

Stock Market Outlook entering the Week of November 27th = Uptrend 

US stocks winning ways continued last week, in spite of a holiday shortened week. I’m still expecting a pullback at some point, but that should represent a good opportunity to add shares.

More after the jump…Stock Market Outlook – Week of November 27th

Stock Market Outlook entering the Week of November 20th = Uptrend 

The Nasdaq joined the other major indexes above their respective 20/50/200 day moving averages. Given how quickly market prices rose over the past two weeks, some sideways action (consolidation) is likely in the short term.

More after the jump…Stock Market Outlook – Week of November 20th

Stock Market Outlook entering the Week of November 13th = Uptrend 

What a week! Even though most of the price change occurred after-hours in the futures markets, individual investors still saw the impact on their portfolios (or at least I did!). A good reminder that we can’t predict what the stock market will do, we can only be prepared to profit from it.

More after the jump…Stock Market Outlook – Week of November 13th

Stock Market Outlook entering the Week of November 6th = Downtrend 

Performance to the moving averages continued weakening. All the indexes remain below their 20 and 50 day moving averages. The SP500 closed just 2 points above its 200 day moving average, and the NYSE fell below that level.

More after the jump…Stock Market Outlook – Week of November 6th

Stock Market Outlook entering the Week of October 30th = Downtrend 

Prices didn’t find the support needed to turn things around. In fact, market action went the opposite way, and the strong selling was enough to change the market outlook to a downtrend.

More after the jump…Stock Market Outlook – Week of October 30th