Weekend Stock Market Outlook
Stock Market Outlook For The Week of
April 14th = Uptrend
ADX Directional Indicators: Uptrend
Price & Volume Action: Uptrend
Objective Elliott Wave Analysis: Uptrend
The S&P starts this week less than 2% off the all time high, and all signals (ADX, Price/Volume, and OEW
) are green.
A weekly view of the S&P's shows the late December uptrend remains intact. The index will need to end this week above 2925 or so to keep the weekly trend intact.
2019-04-14 - SPX Trendline Analysis - Weekly
In the daily view, the S&P500 ($SPX) starts this week in the middle of our fledgling channel, and another distribution day fell outside the 25 day window.
2019-04-14 - SPX Trendline Analysis - Daily
Given the drastic changes in market price over the past 6 months, and the relative "calm" in market prices right now, take the opportunity to review your holdings. Double check your allocations verses your strategies and make sure that your money and goals are aligned.
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Charts provided courtesy of stockcharts.com.
If you're interested in learning more about the relationship between price and volume, or how to find and trade the best stocks for your growth strategy, check out this book on Amazon via the following affiliate link: How to Make Money in Stocks: A Winning System in Good Times and Bad. It's one of my favorites.
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.
Once a year, I review the market outlook signals as if they were a mechanical trading system, while pointing out issues and making adjustments. The goal is to give you to give you an example of how to analyze and continuously improve your own systems.
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