Weekly stock market analysis based on Stan Weinstein's stage analysis principles. Bull and Bear Market readings, Buy and Sell checklists, Dow, S&P, Nasdaq, GDOW, NYSE, NYSE A-D, NYSE 52 week highs and lows.
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Sunday, May 15, 2016
Weekly Market Update: Appears to be heading down
This week's indicators match last week's however, the major indexes are all heading down towards their 30 week moving average. The NASDAQ is already down and the Global Dow is now touching the line. This is not positive news and may signal an upcoming downturn.
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