Weekend Stock Market Outlook


Stock Market Outlook For The Week of
August 14th= 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): Uptrend
All the major stock market averages remained above their 200-day moving averages.

2016-08-14-US Stock Market Averages

2016-08-14-US Stock Market Averages

COMMENTARY

Last week was fairly quiet, with the US stock market taking a break and moving sideways; The S&P 500 was up less than 0.1% for the week.

All indexes remain above their moving averages.

Price/volume action remains constructive, although the market did see stalling action on Tuesday last week (another form of distribution). Leading stocks are maintaining their gains, but are also extended from proper buy points.

OEW analysis continues to signal an uptrend (Weekend Update).



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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