Weekend Stock Market Outlook

Stock Market Outlook For The Week of
May 14th = Uptrend

INDICATORS

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

COMMENTARY

The U.S. markets did not get a Macron bump courtesy of the French election.  Retail had the worst week by far, while cybersecurity firms rallied in response to the WannaCry attack.  Now investors will need to look for some other catalyst.

Stock indexes remain above most moving averages; the lone exception being the Russell 2000 closing below the 20-day.

$INDU,$NYA,$SPX,$USD,$COMPQ,$CRB,$RUT,$GOLD

2017-05-14-US Stock Market Averages

Price/volume remains in an uptrend, as does OEW.

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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.