Stock Market Update: Thanksgiving

Well the market is officially in correction mode. All indicators are in the red zone. The FANG stocks are leading the way, plus apple, resulting in a downturn for tech. Hard to believe considering they were the darlings of the market a few months ago.

CNN's Fear and Greed indicator is firmly in Extreme Fear.

Bitcoin has dropped to $3,974!

We are still in stage 3 because the 30 week moving average has not turned down. It is flat at this point.
 

Stock Market Analysis: Stage 3

By the look of things the market is in Stage 3 territory. The major indexes are closing below the 30 week moving average. The 30 week moving average is still sloping up however so I am calling it a choppy market at this point.

CNN's Fear and Greed Index is at Extreme Greed. Let's see what the week ahead brings.

Stock Market Update: Some indicators beginning to fade

We are starting to see a little bit of decline in the S&P and NasDaq. That coupled with the GDOW has us with 3 red indicators for the major indexes. The Dow is still above its 30 week moving average line, but just barely. It has been awhile since we've had a correction so don't be surprised if we get one.

The number of new lows vs. new highs has been in favor of new lows for the last 3 weeks. Another sign, bringing us to a total of 4 reds.

Stock Market Update: Market Remains in the Green

All the indicators, with the exception of GDOW, are in the green. The global dow is hovering just below the 30 week moving average and could join the other indicators into green territory this week.

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.