Weekend Stock Market Outlook

Stock Market Outlook For The Week of
March 13th = Uptrend

MOVING AVERAGES

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

Intermediate (50 DMA): Uptrend
All the major stock market averages rose or remained above their 50-day moving averages.

Long-term (200 DMA): Mixed
3 of the 5 major stock market averages remained below their 200-day moving averages.

2016-03-13 - US Stock Market Averages

COMMENTARY

A choppy week, but a very strong Friday session powered the rally forward. Is this the start of something new, or just massive short covering?

It really doesn't matter. What matters is that you're making money either way, and keeping any losses small. If you've been pruning positions based on strength, most of the stocks that are left in your portfolio are probably sitting on some really nice gains.

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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