The Safe Investing Blog

Market Outlook entering the Week of April 5th = Uptrend @ Risk

MOVING AVERAGES

• Short-term (20 DMA): Mixed
  With the exception of the Russell 2000, all the major stock market averages rose above, and then fell below their 20-day moving averages.

• Intermediate (50 DMA): Mixed
  Only the Russell 2000 and NASDAQ remained above their 50-day moving averages.

• Long-term (200 DMA): Uptrend
  All the major stock market averages remained above their 200-day moving averages

COMMENTARY
The markets struggled this week, failing to recover from last week’s losses.  That said, the shortened holiday week minimized the price movements enough to maintain last week’s Elliott Wave supporter/resistance levels for the S&P:

• Resistance:  2,070 / 2,085
• Support:  1,973 / 2,019

2015-04-05 – US Stock Market Averages

Sources:

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:

• Uptrend=Market indexes remained above their moving average during the trading week
• Downtrend=Market indexes remained below their moving average during the trading week
• Buy signal=Market indexes fell below their moving averages during the trading week
• Sell signal=Market indexes rose above their moving averages during the trading week

Market Outlook entering the Week of March 29th = Uptrend @ Risk

MOVING AVERAGES

• Short-term (20 DMA): Sell Signal
  All the major stock market averages fell below their 20-day moving averages

• Intermediate (50 DMA): Sell Signal
  Three of the five major stock market averages fell below their 50-day moving averages

• Long-term (200 DMA): Uptrend
  All the major stock market averages remained above their 200-day moving averages

COMMENTARY
Another week, another flip-flop; seems more like U.S. politics than U.S. stock market.  As discussed, the NYSE, DJIA, and S&P500 couldn’t rise above their February peaks, with those levels triggering high volume sell offs. With the reversal from last week’s uptrend outlook comes new supporter/resistance levels for the S&P:

• Resistance:  2,070 / 2,085
• Support:  1,973 / 2,019

March was a rough month for investing in U.S. stocks.  Remember to keep your losses small!

2015-03-29 – US Stock Market Averages

Sources:

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:

• Uptrend=Market indexes remained above their moving average during the trading week
• Downtrend=Market indexes remained below their moving average during the trading week
• Buy signal=Market indexes fell below their moving averages during the trading week
• Sell signal=Market indexes rose above their moving averages during the trading week

Market Outlook entering the Week of March 22nd = Uptrend

MOVING AVERAGES

• Short-term (20 DMA): Buy Signal
  All the major stock market averages rose above their 20-day moving averages, except for the Russell 2000 (remained above the 20 DMA)

• Intermediate (50 DMA): Buy Signal / Uptrend
  All the major stock market averages either rose above or remained above their 50-day moving averages

• Long-term (200 DMA): Uptrend
  All the major stock market averages remained above their 200-day moving averages

COMMENTARY
U.S. equities finally closed out a week with a strong performance.  All the indexes resumed their uptrends, despite all the recent, high-volume selling.  That said, I’m interesting in seeing next week’s price action for the NYSE, DJIA, and S&P500.  All three still have to rise above their late February peaks, which could provide some resistance to further price increases.

With the renewed uptrend, resistance levels from last week’s intermediate-term Elliott Wave Analysis became this week’s support:

• Resistance: 2,131 / 2,198
• Support:  2,070 / 2,085

2015-03-22 – US Stock Market Averages

Sources:

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:

• Uptrend=Market indexes remained above their moving average during the trading week
• Downtrend=Market indexes remained below their moving average during the trading week
• Buy signal=Market indexes fell below their moving averages during the trading week
• Sell signal=Market indexes rose above their moving averages during the trading week