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, September 11, 2016
Weekly Market Update: Caution Ahead
There are some indications in the major indexes that we could be headed for a correction. The Dow, S&P, NASDAQ and GDOW are all approaching their 30 week moving average lines. They could bounce back this week, but we should remain cautious. Remember to have protective stop losses on any current investments. I won't be surprised if some of my more recent investments get stopped out this week.
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