Weekend Stock Market Outlook


Stock Market Outlook For The Week of
Feb 28th = Uptrend

MOVING AVERAGES

Short-term (20 DMA): Uptrend
All the major stock market averages remained abovetheir 20-day moving averages.

Intermediate (50 DMA): Mixed
3 of the 5 major stock market averages rose above their 50-day moving averages.

Long-term (200 DMA): Downtrend
All the major stock market averages remained below their 200-day moving averages.

2016-02-28 - US Stock Market Averages

2016-02-28 - US Stock Market Averages

COMMENTARY

Market conditions continued to improve last week, putting the market outlook into uptrend territory. Price/volume action remained strong, and a majority of the indexes rose above their 50 day moving averages.

That said, OEW still shows us in a bear market, which means that uptrends will be short and sweet. Trade with caution!


For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro. Charts courtesy of StockCharts.com.

Moving Average Signals:

Uptrend = Market indexes remained above their moving average during the trading week

Downtrend = Market indexes remained below their moving average during the trading week

Buy signal = Market indexes rose above their moving averages during the trading week

Sell signal = Market indexes fell below their moving averages during the trading week



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