Weekly Stock Market Update: Stage Analysis

The market seems to want to continue in the upward path it has been on for awhile. Many of the pundents and stock news sites are predicting impending doom. They might be right, but for now I believe we are in a Stage 3 Uptrend. Look at the chart below and you'll see the pattern. The Dow and NasDaq charts look very similar.

For a recap on stage analysis, look at my earlier post here. 
 

Weekly Stock Market Update: Some flashes of Red

This week two indicators flashed red with a significant volume. The NYSE Advance-Decline and the differential between new highs and lows on the NYSE both went down this week. In addition, the major indexes are starting to edge closer to their moving average lines. It's time for caution and we are due for a correction. Gold is showing some signs of strength.

Weekly Stock Market Update: Some Fear Enters into the Market

For the first time in months, the NYSE Advance-Decline has flashed a significant negative signal with 1,966 more declines than advances. It's been in positive direction with minor divergences all summer long. The major indexes were also down this week, but none of the indexes breached their 30 week moving average lines. Gold has been moving higher too.

The CNN Fear and Greed Index moved into Fear this week. See their write-up here.

This could be a blip with a return to upswings this week. For now the trend is still up but we should keep an eye out to see if any of the negativity sticks.

Weekly Stock Market Update: Steady

The market continues to be in an upward trend. The Dow comparison to the NYSE has been flip-flopping between green and red, but the variations are so small I would say it is flat. No real catalysts at the moment.

Weekly Stock Market Update: Indicators are Green

The indicators are green this week as the market keeps its upward climb. CNN's Fear and Greed Index is back in the greed area. Frothy is back.

The McClellan Report has an interesting article on this presidential cycle vs. the "normal" cycle.

 

Weekly Stock Market Update: Bubbly anyone?

Markets continue their steady, some would say complacent, upward climb. Two indicators showed some flashes of red. The Dow vs. NYSE High-Low Advance-Decline stats, but not dramatically. There have been some interesting discussions about a possible ETF bubble in the works. It seems more and more people are investing in ETF's rather than individual stocks and more and more new ETFs are being issued.

Weekend Reading List:

• The Felder Report has a nice article and podcasts covering the topic. 
• Financial Times - Record Breaking 2017 for ETFs Fuels fears of stock market bubble
•  Bloomberg - Bizzaro World

Follow your rules, checklists and trend. So far the trend is intact.

Weekly Stock Market Update: All indicators are green

The trend continues to be up. All indicators are back in the green.


I have been itching to sell some of my stock, but will stick to the plan. Investing without a plan is a bad idea because emotions are not logical and you can end up leaving money on the table if you listen to your emotional brain instead of the logical brain that built the plan!

Yahoo Finance has a very interesting interview with MIT scientists Andrew McAfee and Erik Brynjolfsson on their Yahoo! Presents Finance podcast.

Erik also has a popular TED talk on the topic, The Key to Growth? Race with the machines

Strategies to survive? Creativity and emotional intelligence.  Interesting ideas. I think it's hard to predict the future. Always keep learning!