Stock Market Outlook For The Week of
February 5th = Uptrend
20/50/200 Day Moving Averages: Uptrend
Price & Volume Action: Uptrend
Objective Elliott Wave Analysis: Uptrend
US markets had a hard time getting going last week, but found their footing on Friday as the Trump administration started dismantling Dodd-Frank.
All the indexes closed the week above their respective 20 and 50 day moving averages.
2017-02-05-US Stock Market Averages
Price and volume action remains positive; leading stocks continue to advance without major sell-offs. The number number of distribution days experienced by the general market is neither high nor low.