Weekly Stock Market Update: Not in Bear Territory Yet!

According to the Weinstein stage analysis, we didn't make it into stage 4 with the market correction. We might be entering into Stage 3.

For a recap:
Stage Analysis:

• Stage 1 - Basing Phase
•  30 week moving average loses its downward slope and starts to improve
• Stage 2 - Advancing Phase
• 30 week moving average slopes up. 
• Close is above the 30 week moving average, with higher lows
•  Fundamentals improve
• Stage 3 - The Top Phase
• Loses momentum
• Choppy market
• 30 week moving average loses upward slope and flattens
• Stage 4 - Declining Phase
•  Close line below Moving average
• 30 week moving average is sloping down

McClellon has a good article this week. Stock Market in a Rogue Wave.

Let's see how it goes this week.