Weekend Stock Market Outlook

Stock Market Outlook For The Week of
February 5th = Uptrend

INDICATORS

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

COMMENTARY

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.

OEW continues to signal an uptrend.

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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.