Stock Market Outlook For The Week of
March 27th = 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): Mixed
3 of the 5 major stock market averages remained below their 200-day moving averages.
2016-03-27 - US Stock Market AveragesCOMMENTARY
The market uptrend for US stocks encountered some resistance during the holiday-shortened week, but not enough to halt there advance just yet.
Performance to the moving averages remained unchanged, while price/volume action and OEW continue to support the uptrend label.
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