From a stage analysis perspective, the market continues to be in Stage 4.
The NASDAQ continues to be in a stage 1, but the other indexes are in stage 4.
The CDC map for the week
Stay at home orders map from Business Insider.
Weekly stock market analysis based on Stan Weinstein's stage analysis principles. Bull and Bear Market readings, Buy and Sell checklists, Dow, S&P, Nasdaq, GDOW, NYSE, NYSE A-D, NYSE 52 week highs and lows.
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Sunday, May 17, 2020
Sunday, May 10, 2020
Stock Market Update: Week Ending May 8, 2020
The stock market is starting to look like it is on a recovery which is confusing for some considering the job market. The stock market is a future looking beast, and it may be telling us that it sees a recovery next year.
Will we have a roaring 20's similar to the recovery after the Spanish Flu of 1918 - 1920?
There are differing opinions, here are three:
- No lessons to be learned. The DOW rallied in the Spanish Flu and WW1 was underway. (ETF Stream)
- A balanced view. Decline then recovery (Trader's Magazine)
- Lockdowns and other measures were common, masks were required. Market's bounced back (Motley Fool)
States are beginning to work on re-opening. (Business Insider)
A look at this week's CDC COVID map.
Cheers. Pickles.
Sunday, May 3, 2020
Stock Market Update: End of April 2020
The market is on a wild ride, swinging from positivity to negativity with wide ranges. The DOW and S&P are in stage 4, the NASDAQ is in a possible stage 1.
COVID-19 continues to dominate the world. States in the US are beginning to plan re-opening business. Here is this week's COVID map. Note the new color purple used to designate cases above 28,764.
Caution with stocks is recommended as we still in a stage 4 and the candlesticks in the charts above show wild swings in stock price movements.
Monday, April 27, 2020
Stock Market Update: Week Ending April 24th
Markets rebounded a little this week. Of the 3 major indexes, the NASDAQ is the only one above, just slightly, the 30 week moving average line. States are looking to begin reopening. New York is hoping to reopen with precautions on May 15th. New York city has been especially hard hit by the pandemic, and is looking to reopen by June 1st.
This week's map from the CDC remains colorful.
How will the workforce look after the COVID virus? Will this finally be the death of the open office? Will telecommuting aka working-from-home become more acceptable? Lot's of speculation out there. Check out this Market Watch article.
This week's map from the CDC remains colorful.
How will the workforce look after the COVID virus? Will this finally be the death of the open office? Will telecommuting aka working-from-home become more acceptable? Lot's of speculation out there. Check out this Market Watch article.
Saturday, April 18, 2020
Stock Market Update: Week of April 16, 2020
Markets rebounded little bit this week. The NASDAQ tip-toed above it's 30 week moving average, while the others are still beneath their MA line.
CNN's Fear & Greed Index is moving from it's position on the far left towards the center. Another hopeful sign.
COVID continues to spread across the US but some states are starting to recover too.
Many are looking forward to re-opening the country. Optimistically in May.
CNN's Fear & Greed Index is moving from it's position on the far left towards the center. Another hopeful sign.
COVID continues to spread across the US but some states are starting to recover too.
Many are looking forward to re-opening the country. Optimistically in May.
Saturday, April 11, 2020
Stock Market Update: Week Ending April 11th and COVID Update
The market was up this week as it reacts to hope from government action to help people who are impacted by the virus financially.
The virus continues to spread. Here is this week's CDC Map. More states are being impacted.
There have been some hopeful developments, including a test to detect antibodies and requests for people who have recovered to donate blood.
Gilead's drug to fight the virus may start testing next week. (GILD)
This week ended with a bit of surge in the market.
However, we are still in a stage 4 with the indexes below their 30 week moving average.
Working from home? How's your back? Movement is important. Some helpful tips:
Hoping we reach the peak soon and can start to return to normal.
The virus continues to spread. Here is this week's CDC Map. More states are being impacted.
There have been some hopeful developments, including a test to detect antibodies and requests for people who have recovered to donate blood.
Gilead's drug to fight the virus may start testing next week. (GILD)
This week ended with a bit of surge in the market.
However, we are still in a stage 4 with the indexes below their 30 week moving average.
Working from home? How's your back? Movement is important. Some helpful tips:
Hoping we reach the peak soon and can start to return to normal.
Saturday, April 4, 2020
Stock Market Update: April 3 2020
Coronavirus aka COVID-19 continues to dominate the headlines and people's state and mind.
The only sector with even a slight hint of positive signal is Consumer Staples. See Fidelity's chart below.
Some interesting looking stocks within that group are KMB, PG, WDFC and of course CLX. Note, the only one of those above it's 30 week moving average line is Clorox. Walmart (WMT) is also looking good.
This is a stage 4 market, and per Stan, you don't invest in a stage 4 market. Go at your own risk.
The only sector with even a slight hint of positive signal is Consumer Staples. See Fidelity's chart below.
This is a stage 4 market, and per Stan, you don't invest in a stage 4 market. Go at your own risk.
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