Weekly Market Update: Sunny Weather

The stock market is nicely in the green. I have been nibbling on some stocks and ETFs that appear to be poised for a rebound. When creating a watch list, look for stocks in Stage 1 then wait and see if they break out to Stage 2 with good volume.

I am watching the NasDaq ETF QQQ which appears to be in Stage 1. Look at this chart from StockCharts.

Weekly Market Update: SunnyWeather

The market indicators are firmly in the green.

 

 I have a few stocks and ETF's on my watchlist.

• 3M - MMM
• Align Technologies - ALGN
• Nasdaq ETF - NDAQ
• High Dividend Achievers ETF - PEY
• Zen Desk - ZEN    

Weekly Market Update: We're in the Green

The market is looking positive. Using ETF's as a proxy, we can see the S&P and Dow are in Stage 1. The NasDaq is still sitting in Stage 4 but hopefully on it's way into Stage 1 soon.

For a reminder on Stage Analysis read this post.

Weekly Market Update: Indicators are Positive

The week ended well and looks positive for the week to come. I suspect we will be in this sideways trading range until the elections take place in the Fall. The Barron's chart shows positive movement as well.

Weekly Market Update: Back in the Green

The market made a nice comeback this week and all the indicators are in the green.
We are looking for signs of an early stage 1 or stage 2 advance. At the moment we are in a trading range and if the indexes can rise above the overhead resistance we will see a positive sign.

Weekly Market Update: Brexit brings GDOW Below its 30 Week Moving Average

The market was down this week largely due to the BREXIT vote. Britain voted to leave the EU. The indicators are 50/50. There were still more new highs than lows, which I find interesting. 






Another interesting item is that the DOW declined but the NYSE A-D went up. Also a positive indicator. (Barron's Data Here)

 

I will want to see what transpires next week, but think this could potentially be a buying opportunity. We'll see.

News: Britain votes to leave the European Union

Futures are down this morning as news of the UK vote is soaked in. We are in for a wild ride as market sort through the impact of the vote. Mr. Market likes predictability and this is anything but!

U.S. Stocks: Dow futures down 500 points pre-market 

This may bring us some buying opportunities, but wait until the dust settles.

Cheers.