Stock Market Outlook For The Week of
March 13th = 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 rose or 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.
2016-03-13 - US Stock Market AveragesCOMMENTARY
A choppy week, but a very strong Friday session powered the rally forward. Is this the start of something new, or just massive short covering?
It really doesn't matter. What matters is that you're making money either way, and keeping any losses small. If you've been pruning positions based on strength, most of the stocks that are left in your portfolio are probably sitting on some really nice gains.
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