Sunday, December 11, 2022

Stock Market Update - December 10, 2022

 Stocks are starting to look a little bit better with some of the indicators getting poised for positivity. We're not there yet but at least there is some improvement. It's been a about a year for this market's downturn.

Green represents a glimmer of hope but doesn't make the indicator positive until the moving average line slopes up.

Indicators:

  1. DOW - 30 Week Moving Average Line flat, close above the line
  2. S&P - 30 Week Moving Average Line flat, close above the line
  3. NASDAQ - Below the line 
  4. Global DOW - 30 Week Moving Average Line flat, close above the line
  5. NYSE AD and DOW Convergence - Both down
  6. NYSE AD 200 Day Moving Average
  7. NYSE 52 Week Highs and Lows
 
 I am hopeful 2023 will be the year we turn the tide, until then let's watch the tape!

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