Weekend Stock Market Outlook

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

INDICATORS

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

COMMENTARY

Nothing from last week suggests a change in market outlook.  Even the notion of a rate hike in March was taken in stride by the US markets.

All the indexes remain above their respective 20 and 50 day moving averages.

2017-03-05-US Stock Market Averages

2017-03-05-US Stock Market Averages

Price and volume action continues to be positive and the OEW uptrend signal remains in place.

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You can check out how well (or poorly) the outlook has tracked the market using past performance estimates:

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