Weekend Stock Market Outlook


Stock Market Outlook For The Week of
March 27th = 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 remained above their 50-day moving averages.

Long-term (200 DMA): Mixed
3 of the 5 major stock market averages remained below their 200-day moving averages.


2016-03-27 - US Stock Market Averages

2016-03-27 - US Stock Market Averages

COMMENTARY

The market uptrend for US stocks encountered some resistance during the holiday-shortened week, but not enough to halt there advance just yet.

Performance to the moving averages remained unchanged, while price/volume action and OEW continue to support the uptrend label.



For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro. Charts provided 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



Can't find it? Search the Site!


Sponsored Links