The indicators are all positive. The market wants to go higher. Let's look at each. As you can see they are all in positive territory and appears to have shrugged off the little, teeny-tiny dip from last week.
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, April 30, 2017
Tuesday, April 25, 2017
Weekly Stock Market Update: Climbing the Wall of Worry
With the French election fears appearing to abate, the stock market rallied yesterday. All my indicators, save the interest rate, are still green. This could be a bounce.
Saturday, April 15, 2017
Weekly Stock Market Update: Caution Continues
The major indexes are inching down towards their 30 week moving average lines. The market could be entering into a pause and possibly a correction. CNN's Fear & Greed Index is now at Extreme Fear, and the VIX just broke above its 30 week moving average line. See this chart.
Monday, April 10, 2017
Weekly Market Update: Caution
All the indicators are technically still green but there are some hints of a correction coming as the major indexes are approaching their 30 week moving average lines. We will look to see if they breach those lines in the next few weeks.
Finviz has some neat heatmaps on their site. It's a great way to see how the market is doing if you like visual tools. I love visual tools!
Finviz has some neat heatmaps on their site. It's a great way to see how the market is doing if you like visual tools. I love visual tools!
Monday, April 3, 2017
Weekly Stock Market Update
Stocks continue their upward climb. All indicators are up.
Some possible Stage 2 candidates include:
Some possible Stage 2 candidates include:
Sunday, March 26, 2017
Weekly Stock Market Update: Mixed
It seems there is a lot going on lately. The Health Care Bill didn't pass and it should be interesting to see if politics have an affect on the markets in the week ahead.
It's been awhile since we looked at the broad market indicator readings. At the moment, we have 3 negative and 5 positive. Possible signs of slippage are beginning to emerge, however, it is too early to predict a down market. Caution is the word of the week.
This Barron's chart of the Dow Jones Industrial Average (DJIA) vs the NYSE close who's both indexes were down this week. They've been showing some weakness over the last 3 weeks.
CNN's Fear and Greed Index went into Fear territory this week as well.
It's been awhile since we looked at the broad market indicator readings. At the moment, we have 3 negative and 5 positive. Possible signs of slippage are beginning to emerge, however, it is too early to predict a down market. Caution is the word of the week.
This Barron's chart of the Dow Jones Industrial Average (DJIA) vs the NYSE close who's both indexes were down this week. They've been showing some weakness over the last 3 weeks.
CNN's Fear and Greed Index went into Fear territory this week as well.
Monday, February 27, 2017
Weekly Stock Market Update: Fear and Greed Index
The indicators are largely all positive. The stock gurus are worried about a correction. We certainly feel overdue for one. However, so far the stage analysis is still showing we are in stage 2, accumulation.
CNN has a great indicator they call the Fear & Greed Index. It's been in Extreme greed and just plain old greed the last few weeks. Check it out!
CNN has a great indicator they call the Fear & Greed Index. It's been in Extreme greed and just plain old greed the last few weeks. Check it out!
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