Weekly Stock Martket Update: Positivity Continues

The market continues to trade within a range. All my indicators remain in the positive.
I recently bought some BlackRock stock. Here is a screen from ChartMill showing how it is doing. It is 3 weeks into Stage 2 (see the bottom chart with the green bars). The Relative Strength is positive (see the middle chart), and the 30 week moving average (see the red line on the top chart) is positive and the close is above the line.

Chartmill is a great site to use for Mansfield indicators and scanners. You can sign up for free and buy credits too. I like to buy credits for scanning when I am looking for new opportunities. Here is a link to their documentation on Weinstein Indicators.

Weekly Market Update: Steady

The sideways action continues as markets anticipated and then digested the Fed Rate Hike announcement. There really isn't any action coming out of the Fed, just a bunch of mumble jumble about possible rate hikes in the future. Same story we've been hearing for awhile.

Remember, if you have bought stocks, place stop-loss orders to protect your positions.