Weekly Stock Market Update - Market Continues to Show Positive Signals

Volume has been weak, but the market continues to show signs of strength. 

Stockcharts.com ChartWatchers blog has a great article on the topic. 

A view of the SPY weekly chart illustrates the drop in volume.

Weekly Stock Market Update: Indicators are positive

The market continues to show strength and the Dow, S&P and NasDaq are all in positive territory. I have cautiously entered into a couple of small trades.

Weekly Market Update: Sunny Weather

The stock market is nicely in the green. I have been nibbling on some stocks and ETFs that appear to be poised for a rebound. When creating a watch list, look for stocks in Stage 1 then wait and see if they break out to Stage 2 with good volume.

I am watching the NasDaq ETF QQQ which appears to be in Stage 1. Look at this chart from StockCharts.

Weekly Market Update: SunnyWeather

The market indicators are firmly in the green.

 

 I have a few stocks and ETF's on my watchlist.

• 3M - MMM
• Align Technologies - ALGN
• Nasdaq ETF - NDAQ
• High Dividend Achievers ETF - PEY
• Zen Desk - ZEN    

Weekly Market Update: We're in the Green

The market is looking positive. Using ETF's as a proxy, we can see the S&P and Dow are in Stage 1. The NasDaq is still sitting in Stage 4 but hopefully on it's way into Stage 1 soon.

For a reminder on Stage Analysis read this post.

Weekly Market Update: Indicators are Positive

The week ended well and looks positive for the week to come. I suspect we will be in this sideways trading range until the elections take place in the Fall. The Barron's chart shows positive movement as well.

Weekly Market Update: Back in the Green

The market made a nice comeback this week and all the indicators are in the green.
We are looking for signs of an early stage 1 or stage 2 advance. At the moment we are in a trading range and if the indexes can rise above the overhead resistance we will see a positive sign.