Weekend Stock Market Outlook


Stock Market Outlook For The Week of
April 17th = Uptrend

MOVING AVERAGES

Short-term (20 DMA): Uptrend
All the major stock market averages rose or 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): Uptrend
4 of the 5 major stock market averagesrose or remained above their 200-day moving averages.


2016-04-17 - US Stock Market Averages

2016-04-17 - US Stock Market Averages

COMMENTARY

The U.S. markets regrouped last week, finding technical support at their 20 and 200-day moving averages.

Price/volume action last week was positive with up days having higher volume than down days. Overall trading volume continues to run low, and even "leading" stocks aren't seeing above-average volumes during this advance. OEW shows that the S&P500 is back into the trading ranges from 2015 Q4.

Continue to watch for weakness in your holdings (high-volume selling, etc.) and prune as necessary.



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



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