Weekly Stock Market Update: Stage 3?

This past week saw a break of the 30 week moving average for the DOW, S&P, and Global Dow. The NASAQ did not, but is close. The NYSE Hi/Low and other indicators are moving to the red. This most likely is a stage 3 entry.

Fear and Greed is extreme fearful.

Most accounts of the cause for the decline are pointing their fingers at the trade wars started by tariffs implemented by the Trump Administration.

Weekly Stock Market Update: Not in Bear Territory Yet!

According to the Weinstein stage analysis, we didn't make it into stage 4 with the market correction. We might be entering into Stage 3.

For a recap:
Stage Analysis:

• Stage 1 - Basing Phase
•  30 week moving average loses its downward slope and starts to improve
• Stage 2 - Advancing Phase
• 30 week moving average slopes up. 
• Close is above the 30 week moving average, with higher lows
•  Fundamentals improve
• Stage 3 - The Top Phase
• Loses momentum
• Choppy market
• 30 week moving average loses upward slope and flattens
• Stage 4 - Declining Phase
•  Close line below Moving average
• 30 week moving average is sloping down

McClellon has a good article this week. Stock Market in a Rogue Wave.

Let's see how it goes this week.
 
  

Weekly Market Update: Some Turbulance

The markets are in a bit of a correction. My indicators are not fully in the red at this point, so it is a minor correction for now.

Trump announced tariffs last week and we are on schedule for rate hikes this year.  

If the major indexes break through their 30 week moving averages, then I will call a full blown correction. We'll see what this week brings us.