Stock Market Update: Sunny

The market continues to rise. It has been so steady it's boring.

Some stories I found interesting this week:

• MarketWatch - Undervalued Stocks
• Bloomberg - Bitcoin takes over gold in search terms
• Investopedia - SalesForce and Google join up - getting bigger and bigger

Stock Market Update: Still Moving On Up

Market indicators are basically positive.

• In the news, BitCoin hit a new high.
• A new Fed Chair is in the works.
• Tax Reform - what if is doesn't pass?

Stock Market Update: Bull Market Continues

The bull market continues. Here are some good articles I found this week:

• DecisionPoint Weekly PMO Buy Signals
• AI Becomming so Popular it's Ineffective
• The Stock Market's Relentless Surge is Becoming Ludicrous

Stock Market Update: Sunny Weather

The trend is still positive. Bad news takes the market down a wee bit, but so far it continues to climb back up after a couple of days.

I keep waiting for the shoe to drop and for a bear market, but perhaps this article over at Financial Sense is correct. A September correction is probably not in the cards.

The Stage Analysis indicators are still in an uptrend! 

Weekly Stock Market Update: Stage Analysis

The market seems to want to continue in the upward path it has been on for awhile. Many of the pundents and stock news sites are predicting impending doom. They might be right, but for now I believe we are in a Stage 3 Uptrend. Look at the chart below and you'll see the pattern. The Dow and NasDaq charts look very similar.

For a recap on stage analysis, look at my earlier post here. 
 

Weekly Stock Market Update: Some flashes of Red

This week two indicators flashed red with a significant volume. The NYSE Advance-Decline and the differential between new highs and lows on the NYSE both went down this week. In addition, the major indexes are starting to edge closer to their moving average lines. It's time for caution and we are due for a correction. Gold is showing some signs of strength.

Weekly Stock Market Update: Some Fear Enters into the Market

For the first time in months, the NYSE Advance-Decline has flashed a significant negative signal with 1,966 more declines than advances. It's been in positive direction with minor divergences all summer long. The major indexes were also down this week, but none of the indexes breached their 30 week moving average lines. Gold has been moving higher too.

The CNN Fear and Greed Index moved into Fear this week. See their write-up here.

This could be a blip with a return to upswings this week. For now the trend is still up but we should keep an eye out to see if any of the negativity sticks.