Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 2nd = Mixed

INDICATORS

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

COMMENTARY

Not much changed last week, so the outlook remains mixed.

From a moving average perspective, the Nasdaq and Russell 2000 continue their leading ways, with both indexes above their 20, 50, and 200 day moving averages. The NYSE/S&P500/DJIA are above their 20 day moving averages, but not their 50's; each continue to recover from the September sell off.

2016-10-02-US Stock Market Averages

2016-10-02-US Stock Market Averages

No change in the total number of distribution days last week either. The uptrend remains in place, but be on the lookout for high-volume sell-offs.

And we're still looking for a confirmation of the recent uptrend from OEW. Even with a confirmation, there's still room for negative price action so I've changed that outlook to mixed.


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

Search the Site

Popular Pages

  • Capital Preservation
  • Compound Interest Magic
  • The 3 Causes of Inflation
  • Different Ways of Investing
  • The 10 Principles of Safe Investing
  • Investing in Palladium


  • Invest Safely - Valuable, time-saving info about personal finance, money management, and investing.

    Blogroll

  • Advisor Perspectives
  • Divdend Growth Investor
  • Elliott Wave Lives On
  • On My Radar | CMG Wealth
  • The Big Picture
  • The Fat Pitch
  • Thoughts from the Frontline
  • Trader Feed
  • Sponsored Links