Weekend Stock Market Outlook

Stock Market Outlook For The Week of
December 25th = Uptrend

INDICATORS

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

COMMENTARY

Happy Holidays! US markets continued treading water last week; no major moves as trading volume dried up ahead of the holidays.

All the major indexes remain above their respective 20, 50, and 200 day moving averages.

2016-12-25-US Stock Market Averages

OEW continues to signal an uptrend, but notes that two very positive events (electoral college confirmation and the best GDP report in 2 years) did not provide much upside to the market.

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