The Safe Investing Blog

Market Outlook entering the Week of March 8th = Uptrend @ Risk

MOVING AVERAGES

• Short-term (20 DMA): Sell Signal
  With the exception of the NASDAQ, all the major stock market averages ended the week below their 20-day moving averages.

• Intermediate (50 DMA): Uptrend
  With the exception of the NYSE, all the major stock market averages 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 struggled to increase in price this week, and high-volume selling dominated Friday’s trading session for the second week in a row.  Not the market action investors want to see during an uptrend.  Adding a sell signal from the 20 DMA tells us that it’s time to be cautious with new and/or additional stock buys.

Intermediate-term Elliott Wave Analysis support and resistance levels fell slightly, reflecting the past week’s weakness:

• Resistance: 2,085 / 2,131
• Support: 2,019 / 2,070

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.

2015-03-08 – US Stock Market Averages

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 1st = Uptrend

MOVING AVERAGES

• Short-term (20 DMA): Uptrend
  All the major stock market averages ended the week above their 20-day moving averages.

• Intermediate (50 DMA): Uptrend
  All the major stock market averages ended the week above their 50-day moving averages.

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

COMMENTARY
Another positive week for the stock markets, although high-volume selling dominated on Friday.  Price and volume analysis continues to show an uptrend, and with growth stocks leading the way.

Intermediate-term Elliott Wave Analysis shows support and resistance levels from the past 2 weeks are unchanged.

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

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.

2015-03-01 – US Stock Market Averages

Market Outlook entering the Week of Feb 22nd = Uptrend

MOVING AVERAGES

• Short-term (20 DMA): Uptrend
  All the major stock market averages ended the week above their 20-day moving averages.

• Intermediate (50 DMA): Uptrend
  All the major stock market averages ended the week above their 50-day moving averages.

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

COMMENTARY
A positive week for the stock markets in general.  Price and volume analysis continues to show an uptrend, and several days of high volume selling have “expired” or been removed from the current count.

Intermediate-term Elliott Wave Analysis shows support and resistance levels from last week are unchanged.

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

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.

2015-02-22 – US Stock Market Averages