Weekend Stock Market Outlook

Stock Market Outlook For The Week of
Feb 28th = Uptrend

MOVING AVERAGES

Short-term (20 DMA): Uptrend
All the major stock market averages remained abovetheir 20-day moving averages.

Intermediate (50 DMA): Mixed
3 of the 5 major stock market averages rose above their 50-day moving averages.

Long-term (200 DMA): Downtrend
All the major stock market averages remained below their 200-day moving averages.

2016-02-28 - US Stock Market Averages

COMMENTARY

Market conditions continued to improve last week, putting the market outlook into uptrend territory. Price/volume action remained strong, and a majority of the indexes rose above their 50 day moving averages.

That said, OEW still shows us in a bear market, which means that uptrends will be short and sweet. Trade with caution!

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

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