Tag Archives: investing process

Market Outlook for the Week of August 3rd = Downtrend underway, in search of support Short-term (20 DMA): All major averages failed to find support at their 20-day moving averages. Intermediate (50 DMA): All the major averages ended the week … Continue reading →

Market Outlook for the Week of July 27th = Searching for Direction Short-term (20 DMA): The major averages continue to test their 20-day moving averages. The uptrend is still under selling pressure. Intermediate (50 DMA): Although the 3 major averages … Continue reading →

Originally posted on the ELLIOTT WAVE lives on:
REVIEW Last week we had four gap openings, three to the downside, and the market traded to SPX 1953 on Thursday before ending the week at 1968. This week we had four…

Originally posted on the ELLIOTT WAVE lives on:
REVIEW The market opened the week on a gap down, one of several, as it started to correct from last week’s SPX 1986 all time high. After hitting SPX 1953 on Thursday…

Market Outlook for the Week of July 7th = Uptrend Intact Short-term (20 DMA): The indexes closed above their 20-day moving averages. Per IBD, we’re still in a confirmed uptrend (Distribution day count is 3 for S&P500, 2 for NASD … Continue reading →

Originally posted on the ELLIOTT WAVE lives on:
REVIEW The general market made a new bull market high on Tuesday at SPX 1968, dropped to 1945 by Thursday, and then rallied to 1961 to end the week. For the week…

Originally posted on the ELLIOTT WAVE lives on:
REVIEW The bull market made news highs this week, after the FOMC meeting, statement, and press conference. For the week the SPX/DOW were +1.3%, the NDX/NAZ were +1.0%, and the DJ World…