Stock Market Outlook entering the Week of January 31st = Downtrend
Friday’s positive price action helped US equities reclaim some ground (e.g. the 20-day moving average). As expected, the near-term bottom referenced in last week’s outlook held firm and we got our short-term rally.
Read more after the jump…Stock Market Outlook – Jan 31, 2016
Stock Market Outlook entering the Week of January 24th = Downtrend
US equities found some support on Wednesday, providing a needed pause to the almost daily selling that we’ve experienced in January. Prices appear to have reached a near-term bottom.
Read more after the jump…Stock Market Outlook – Jan 24, 2016
Plan, do, check, act: the simple, four step management process popularized by Edward Deming. After a year of “doing”, it’s time to check the outcomes and see just how well (or poorly) the weekly “Stock Market Outlook” performed in 2015.
My expectations are mixed. With a relatively flat market, attempts to get into and out of the market often leave investors and traders with a whole lot of nothing…and brokers with a lot of profit from commissions.
That said, the weekly market outlook has a longer timeframe, so the volatility (in terms of number of buy and sell signals) should be low.
Results = Success!
Stock Market Outlook entering the Week of January 17th = Downtrend
Another volatile week in US equities, continuing the sell-off that rang in the new year.
Read more after the jump – Stock Market Outlook – Jan 17, 2016
Stock Market Outlook entering the Week of January 10th = Downtrend
Not so happy start to 2016 if you’re long US equities. Trading volumes came back in a big way, and came via a lot of selling.
Read more after the jump…Stock Market Outlook – Jan 10, 2016
Stock Market Outlook entering the Week of January 3rd = Mixed
Price/volume action actually confirmed an uptrend, but two additional distribution days may have already derailed the rally. OEW continues to lean towards an uptrend, but still no confirmation. Trading volumes should get back to normal this week, which should give us better technical indicators.
Read more after the jump – Stock Market Outlook – Jan 3, 2016
Stock Market Outlook entering the Week of December 27th = Mixed
MOVING AVERAGES
COMMENTARY
A short trading week in the US, and some upward price movement, was enough to change the market outlook heading into the last week of 2015. Price/volume and OEW are now leaning towards an uptrend.
However, short weeks and low trading volumes are not the stuff that uptrends are made of…best to enjoy the holidays and sit tight!
2015-12-27 – Stock Market Averages
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro. For price/volume data, head to stockcharts.com.
Moving Average Signals:
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