Weekend Stock Market Outlook


Stock Market Outlook For The Week of
February 5th = Uptrend

INDICATORS

20/50/200 Day Moving Averages: Uptrend
Price & Volume Action: Uptrend
Objective Elliott Wave Analysis: Uptrend

COMMENTARY

US markets had a hard time getting going last week, but found their footing on Friday as the Trump administration started dismantling Dodd-Frank.

All the indexes closed the week above their respective 20 and 50 day moving averages.

2017-02-05-US Stock Market Averages

2017-02-05-US Stock Market Averages

Price and volume action remains positive; leading stocks continue to advance without major sell-offs.  The number number of distribution days experienced by the general market is neither high nor low.

OEW continues to signal an uptrend.


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



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