Weekly Stock Market Update: Mixed

It seems there is a lot going on lately. The Health Care Bill didn't pass and it should be interesting to see if politics have an affect on the markets in the week ahead.

It's been awhile since we looked at the broad market indicator readings. At the moment, we have 3 negative and 5 positive. Possible signs of slippage are beginning to emerge, however, it is too early to predict a down market. Caution is the word of the week.

This Barron's chart of the Dow Jones Industrial Average (DJIA) vs the NYSE close who's both indexes were down this week. They've been showing some weakness over the last 3 weeks.


CNN's Fear and Greed Index went into Fear territory this week as well.

Weekly Stock Market Update: Fear and Greed Index

The indicators are largely all positive. The stock gurus are worried about a correction. We certainly feel overdue for one. However, so far the stage analysis is still showing we are in stage 2, accumulation.

CNN has a great indicator they call the Fear & Greed Index. It's been in Extreme greed and just plain old greed the last few weeks. Check it out!

 

Stock Market Update: Flying High

The market is flying high! All the indicators seem to be screaming green. As much as my intuition says this is a top, my job is to follow the indicators. The top could last for awhile and in the meantime we should take advantage of it.

Look at this chart from Barron's. It looks extreme.

Some interesting stocks and ETF's this week are Proctor & Gamble (PG) and HealthCare ETF (XLV). Good for the watch list. Their moving averages need to turn up.

Stock Market Update: Holding Pattern Continues

Still in a holding, sideways pattern, waiting to see what the new administration might bring.

Some stocks of interest are: SWKS - Skyworks Solutions who reported good earnings,
CTXS - Citrix in anticipation of earnings. XLK -  Technology Sector Spider looks interesting as well.

Stock Market Update

Wait and see. That's my current approach. I think the president elect may have affects on the market so I am not in any individual stock. Things are too unpredictable at the moment.

Andrew Horowitz at The Disciplined Investor  has been calling Mr. Trump Twitter-in-Chief due to his propensity to tweet. This week Toyota's stock felt a little bit of an impact from one of those tweets from Trump. The stock reacted with a drop of .7% on the intraday chart. The stock did recover later on in the week and this was a minor blip for Toyota, but it is interesting none the less.

 

It should be an interesting year!