Weekly Market Update: Appears to be heading down

This week's indicators match last week's however, the major indexes are all heading down towards their 30 week moving average. The NASDAQ is already down and the Global Dow is now touching the line. This is not positive news and may signal an upcoming downturn.

Weekly Market Update: Churning

We remain in a cautionary state with the same number of indicators red and green, but it is important to note that the NasDaq is under its 30 week moving average line. On the other hand, the number of new highs vs new lows continue to be positive. The direction of the market remains in meh-ville.

Weekly Market Update: Some Indicators are Down

There was some turbulence this week as earnings season is underway. Apple took a beating, as did some other technology stocks, which brought the NasDaq below its 30 week moving average. There were some bright spots in tech, Amazon  and Facebook both reported great earnings. We will see how the rest of earnings go this quarter.

Weekly Market Update: Looking Good

The market held steady last week. The indicators remain positive.

Weekly Market Update: Sunny Weather

The market is looking pretty good! Even the global Dow is participating in the good performance. Here is a summary of the indicators.


 

Weekly Market Update: Signs of Slippage

Some of the indicators that popped up last week are back down this week signaling a possibility we might head back down into a bear market again. The Global Dow is back underneath its 30 week moving average and the NASDAQ is threatening to join it. Both NYSE DOW divergence indicators are down this week as well.

Remember to use stop-loss orders if you had bought any stocks in the last couple of weeks to protect your gains.

Weekly Market Update: Much Improvement

The market looks pretty good this week. We are back to 7 out of 9 indicators in positive territory. The Global Dow is just slightly above its 30 week moving average, so technically we should have 8 out of 9 indicators in the green, but I'd prefer to see it clearly above the line before I call it positive.

Are we climbing the Wall of Worry? Hope so, this could be a good sign the market is turning around.