Market Update: Above the 30 Week Moving Average Line

Stocks made a recovery this week with the major indexes moving above their 30 week moving average lines. If they can continue, then we may move into Stage 1.

CNN's Fear and Greed indicator is in Greed.

 

Let's watch to see what happens.

Stock Market Update - Mid-Year 2023

We've just finished the first half of 2023 and I thought it might be a good time to take a look at how the market is doing. From a stage analysis perspective, we are in Stage 2 for the S&P and NASDAQ, the Dow however is in Stage 1.

We haven't looked at the CNN Fear and Greed indicator in awhile. We are currently in Extreme Greed.

Stocks Gain in Positivity - Is there hope?

 The last couple of weeks are showing some signs of hope for stocks. October had a big gain. I am hopeful we are beginning to see a turn around and then even better if we start to climb the wall of worry.

CNN's Fear and Greed Indicator is at Greed

The Finviz Heat Map for the last month is mostly green.

 

And finally, the Dow poked about its 30 week moving average line.

A cat can hope!

Stock Market Update - Stage 4 Decline Continues

 Even with the little uptick on Friday, the overall week is down and we continue to be in Stage 4 Downturn. All indicators remain in the negative.

• Stage 4 - Declining Phase
• Close line below the 30 week Moving Average (MA)
• 30 week Moving Average is sloping down

 

Inflation remains high, inventory of goods remains slow and sluggish, the Russian/Ukrainian war continues, COVID is still an issue, and CNN's Fear and Greed is at Extreme Fear.

 

 

 

Stock Market Update - April Fool's 2022

 This week saw a little bounce, but the major indexes have not broken above their 30 week moving average lines.

Wishing Wealth feels this could be a bad sign. Too many breakouts not making it.

Jill Mislinski at Advisors Perspectives is showing mixed signals with the S&P analysis signaling to be in cash, however, the longer view of the Ivy Portfolios are a mix of cash and invested.

CNN's Fear and Greed has moved up a bit. It had been in the dumps for weeks.

We shall wait and see.

Stock Market Update - December 10, 2021 - Bounce

Stocks bounced back this week with the major indexes bouncing back above their 30 week moving averages. Last week I thought we might be heading into stage 3 but not so fast!

Even Indicator 5 - NYSE Advance-Decline 200 Day Moving Average bounced up.

CNN's Fear and Greed improved slightly this week as well.

On the other hand, it would appear we are now back to wearing masks. At least in New York. Starts on Monday.

My friend J.A. provided a nice link to an article by Jill Mislinski on Advisor Perspectives, that takes moving average analysis to a macro view of 10 months vs what we use here which is 30 week. It's a good read and I plan to add it to my monthly review.

Stock Market Update: August 20, 2021 - Bad News Week

This past week was a downer, it just seemed the bad news wouldn't stop. Delta variants, Afghanistan pull out blunder, and tropical storm Henri! Maybe it's just me, but I am getting tired.

Tropical Storm Henri

COVID Cases

From a stage analysis point of view, things appear to be okay. Some of the indexes are flirting with their 30 week moving average lines, but are still above the line.

 

Interesting bitcoin news:

https://news.bitcoin.com/jpmorgan-wells-fargo-launching-bitcoin-funds-sec-filings/ 

Stock Market Update - April 16, 2021

 The market continues to be in an uptrend. All indicators are green at this point.

CNN's Fear and Greed indicator is in the green. 

 

 

COVID continues with the JNJ vaccine getting sidelined for a bit while a rare blood clot problem is looked into further. JNJ reports earnings soon.

By the way, have I mentioned how much I have come to hate the phrase "out of an abundance of caution"? It is seriously overused at this point. 

As states open up restrictions, I expect a recovery to continue.

Stock Market Update: End of August 2020

 The market continues to move up. CNN's Fear and Greed indicator is reading greed.

 

 

 

 

 

 

 

 

 

I find this chart I came up with to be interesting. The Gold ETF, GLD, compared to the DOW price action. If you notice, gold went up prior to the big market decline in 2009.  I circled the cross overs however you can see the price action diverged between the two when there was a change in the market. At the moment both are on an uptrend. In my opinion, if a COVID-19 vaccine comes out, then gold will probably drop, at least temporarily. It could continue to hold steady though as governments around the world print money and the dollar keeps losing value.

February 2020 Stock Market Update

The coronavirus COVID-19, is front and center this month as the stock market reacts to spread of the virus across the globe. Depending on what you read it's either time to panic or everyone is overreacting. The US is starting to see negative impacts and unfortunately some deaths. CNN update.

The CNN Fear and Greed indicator is at the lowest I can remember seeing it.



All of the Stage Analysis Indicators are now in the red. We most likely are entering into stage 4. StockCharts Graph Link.