Sunday, February 3, 2019

Stock Market Update: Week ending Feb 1 2019

The market is showing signs of improvement. The indicators are mixed. The major indexes are just below their 30 week moving averages. 





 Are we in a 'bull trap'? 

Could be. Sven Henrick makes a compelling case we are in a situation mirroring that of 2007.

If you look at the 10 week moving average and compare it to the 30 week moving average, we are not out of the woods yet.  The 10 week trend is below the 30 week line.