Stock Market Update: Week ending Feb 1 2019

The market is showing signs of improvement. The indicators are mixed. The major indexes are just below their 30 week moving averages. 

 Are we in a 'bull trap'? 

Could be. Sven Henrick makes a compelling case we are in a situation mirroring that of 2007.

If you look at the 10 week moving average and compare it to the 30 week moving average, we are not out of the woods yet.  The 10 week trend is below the 30 week line.

 

Stock Market Update: Bouncy Bounce?

The last 2 weeks we've seen a bounce in the markets, best one in a number of years. The question is? Will it stick or is this a, dare I say it, dead cat bounce?

It's too early to say. The 30 week moving averages have not turned up yet. Be wary.

The government shutdown is not helping matters.

Stock Market Update: January 7 2019

We saw a bounce last week in the markets, but don't let that fool ya, we are still in stage 4. 

Everyone  if freaking out over Apple's decline and sales decline forecast. A good article on it by John Murphy can be found over at StockCharts. A look at Apple's aapl chart shows it is in a Stage 4 decline. Personally, I like their products, but think the exorbitant price tag on the latest phone is ridiculous!

Happy New Year!

Stock Market Update: Stage 4 Decline

With the 30 week moving averages now sloping down, and all the indicators in the red, we are officially in Stage 4. Never, ever buy during a stage 4 decline!

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.