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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Monday, May 28, 2018
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.
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