End of October 2021 - Stock Market Bounce - Are we in Stage 3?

Are we possibly approaching stage 3 on the Weinstein scale? Or, are we continuing Stage 2 after getting a bounce? The GDOW and DOW both have flat moving averages, while the S&P and NASDAQ have bounced off their MA.

• 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 

 

 

Let's see what happens.

Will this be a bad October?

 It looks like we are approaching a correction, with the major indexes touching their 30 week moving average lines or going just a little bit below. We are due for one, the question is whether it will be a large or little correction.

Wishing Wealth has an interesting post... feels trouble ahead as interest rates ahead.