Stock Market Update:

The indicators are doing fairly well with the exception of the Global DOW which is below its 30 week moving average. We seem to be churning a bit. Decision Point blog has a nice article on the week.

Oil prices may drop as producers (OPEC, Russia, USA) boost output. Don't expect to see any benefits at the gas station yet though. XLE appears to be in a Stage 2, let's see if it can keep the momentum or if it will be short lived.


An interesting article in the NY Times talking about the continued use of antibiotics in our food system to fatten up livestock. Another good reason to support the local producers at farmer's markets and in grocery stores.

Weekly Stock Market Update: Correction Over?

All indicators turned green this week and it is possible we've moved out of the correction of the last couple of week's. CNN's Fear and Greed is neutral.

In the new's. 

• It's about time! Food manufacturer's vow to take out trans fat.

• Deep breathing and yoga are good for your mind. 

Weekly Market Udpate: Mixed

The major indexes are hovering either just above, or just below, their 30 week moving averages. Inflation is rising a bit, and so are gas prices. BitCoin made a minor comeback last week too.

 

Weekly Stock Market Update: Mixed Correction

The Stage Analysis signals are mixed. All major indexes are below their 30 week moving averages, but just barely. Trade wars are spurring instability in the markets.

Bitcoin takes a bashing as more governments are looking to ban it's use.

Weekly Stock Market Update: Mixed

We had a little improvement last week, however I still remain cautious. The S&P and Dow and below their 30 week moving average. 

Trade wars are in the news and China announced tariffs on imports.

BitCoin has been falling pretty hard, along with other crypto curriences in the last few weeks.

Weekly Stock Market Update: Stage 3?

This past week saw a break of the 30 week moving average for the DOW, S&P, and Global Dow. The NASAQ did not, but is close. The NYSE Hi/Low and other indicators are moving to the red. This most likely is a stage 3 entry.

Fear and Greed is extreme fearful.

Most accounts of the cause for the decline are pointing their fingers at the trade wars started by tariffs implemented by the Trump Administration.

Weekly Stock Market Update: Not in Bear Territory Yet!

According to the Weinstein stage analysis, we didn't make it into stage 4 with the market correction. We might be entering into Stage 3.

For a recap:
Stage Analysis:

• Stage 1 - Basing Phase
•  30 week moving average loses its downward slope and starts to improve
• Stage 2 - Advancing Phase
• 30 week moving average slopes up. 
• Close is above the 30 week moving average, with higher lows
•  Fundamentals improve
• Stage 3 - The Top Phase
• Loses momentum
• Choppy market
• 30 week moving average loses upward slope and flattens
• Stage 4 - Declining Phase
•  Close line below Moving average
• 30 week moving average is sloping down

McClellon has a good article this week. Stock Market in a Rogue Wave.

Let's see how it goes this week.