Weekly Market Update: Improvement

This market is choppy and doesn't seem to have a sense of direction. It might stay this way until we have the elections. This week we are back in positive territory.

Weekly Market Update: Trend Down

I am on the sidelines for now. We now have more indicators in the red and the major indexes are moving down instead of up. Take a look at these 4 year charts.

 

Weekly Market Update: Appears to be heading down

This week's indicators match last week's however, the major indexes are all heading down towards their 30 week moving average. The NASDAQ is already down and the Global Dow is now touching the line. This is not positive news and may signal an upcoming downturn.

Weekly Market Update: Churning

We remain in a cautionary state with the same number of indicators red and green, but it is important to note that the NasDaq is under its 30 week moving average line. On the other hand, the number of new highs vs new lows continue to be positive. The direction of the market remains in meh-ville.