Weekly Market Update: Still in an uptrend

Stocks were down for the week, however, the major indexes are still above their 30 week moving average.


Of interest this week: 

• Tesla revealed a new electric semi-truck. 
• BitCoin is at the $8,000 mark. 
• Market Sentiment is blah. 
• Mushrooms are full of antioxidants - eat 5 a day! or you can try drinking them!

Weekly Stock Market Update: A Wee Bit of Clouds

This week 2 of the indicators flickered into red territory: the Dow and the NYSE both finished down for the week. The NYSE 52 week high/low differential has been negative for the last 5 weeks, albeit not by much. The NYSE advance-decline has been down the last 3 weeks. All other indicators are still in the green.

This week's tidbits:

• CNN's Fear and Greed indicator moved into neutral for the first time a long while. 
• The BitCoin hardfork is canceled apparently due to controversy. For more read the bitcoin.com story.
• Powell named the new Fed Chief.

Stock Market Update: Sunny

The market continues to rise. It has been so steady it's boring.

Some stories I found interesting this week:

• MarketWatch - Undervalued Stocks
• Bloomberg - Bitcoin takes over gold in search terms
• Investopedia - SalesForce and Google join up - getting bigger and bigger

Stock Market Update: Still Moving On Up

Market indicators are basically positive.

• In the news, BitCoin hit a new high.
• A new Fed Chair is in the works.
• Tax Reform - what if is doesn't pass?

Stock Market Update: Bull Market Continues

The bull market continues. Here are some good articles I found this week:

• DecisionPoint Weekly PMO Buy Signals
• AI Becomming so Popular it's Ineffective
• The Stock Market's Relentless Surge is Becoming Ludicrous

Stock Market Update: Sunny Weather

The trend is still positive. Bad news takes the market down a wee bit, but so far it continues to climb back up after a couple of days.

I keep waiting for the shoe to drop and for a bear market, but perhaps this article over at Financial Sense is correct. A September correction is probably not in the cards.

The Stage Analysis indicators are still in an uptrend! 

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.