Weekend Stock Market Outlook


Stock Market Outlook For The Week of
March 6th = Uptrend

MOVING AVERAGES

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

Intermediate (50 DMA): Uptrend
All the major stock market averages rose or remained above their 50-day moving averages.

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

2016-03-06 - US Stock Market Averages

2016-03-06 - US Stock Market Averages

COMMENTARY

The US stock markets moved higher, extending their winning streak to 3 weeks. Price/volume action remained strong, and even OEW finally confirmed the uptrend. In bear markets, after this type of agreement is usually when the bottom falls out, so book those profits if you've got them!


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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