Weekend Stock Market Outlook


Stock Market Outlook For The Week of
October 22nd = Uptrend

INDICATORS

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

COMMENTARY

No change in signals to start this week.  U.S. markets continue to grind higher.  Volatility spiked on Thursday, but otherwise another boring week, market-wise.

All the indexes remain above their 20 and 50 day moving averages.

$INDU,$NYA,$SPX,$USD,$COMPQ,$CRB,$RUT,$GOLD

2017-10-22-US Stock Market Averages

Price and volume action is still positive, but there aren't many new set-ups.  The early September break-outs (even with their low trading volumes) are going strong.  Even the less than ideal set-ups are working...although they are also more likely to give back those gains going forward (e.g. Celgene - $CELG).

OEW remains in a uptrend.


If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

You can check out how well (or poorly) the outlook has tracked the market using past performance estimates:

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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