Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 29th = Uptrend

INDICATORS

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

COMMENTARY

Another week, and no change in signals...definitely feels like complacency has set in. But feelings are hard to trade profitably, and the positive trends remain intact. U.S. markets continue to grind higher. Volatility has picked up a bit over the past couple weeks, but is still low by all accounts.

U.S. market averages remain above their 20 and 50 day moving averages.

2017-10-29-US Stock Market Averages

Price and volume action is good, thought most leaders are in profit taking zones (>20% from buy points). Now is a great time to book some gains and let the rest ride until sell signals pop up.

OEW remains in an uptrend and estimates 10% more upside before we see a meaningful correction.

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If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

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

• 2015 Performance - Stock Market Outlook
• 2016 Performance - Stock Market Outlook

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

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Return from Stock Market Outlook 2017-10-29 to Tracking the Stock Market

Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 22nd = Uptrend

INDICATORS

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

COMMENTARY

No change in signals to start this week. U.S. markets continue to grind higher. Volatility spiked on Thursday, but otherwise another boring week, market-wise.

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

2017-10-22-US Stock Market Averages

Price and volume action is still positive, but there aren't many new set-ups. The early September break-outs (even with their low trading volumes) are going strong. Even the less than ideal set-ups are working...although they are also more likely to give back those gains going forward (e.g. Celgene - $CELG).

OEW remains in a uptrend.

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If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

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

• 2015 Performance - Stock Market Outlook
• 2016 Performance - Stock Market Outlook

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

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Return from Stock Market Outlook 2017-10-22 to Tracking the Stock Market

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Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 15th = Uptrend

INDICATORS

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

COMMENTARY

Another uneventful week in the markets and the latest uptrend rolls on. After a small spike, volatility resumed its downward trend.

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

2017-10-15-US Stock Market Averages

Price and volume action remains positive; early September break-outs are holding on to their recent gains.

OEW also remains in a uptrend, citing this uptrend's ability to grind out higher highs.

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If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

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

• 2015 Performance - Stock Market Outlook
• 2016 Performance - Stock Market Outlook

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

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Return from Stock Market Outlook 2017-10-15 to Tracking the Stock Market

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Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 8th = Uptrend

INDICATORS

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

COMMENTARY

No changes again this week, after another strong showing by the US markets; volatility is approaching record lows again. Now is the time when most investors get complacent; don't be most investors. Stick to your rules, lock in gains when targets are hit, and always keep your losses small.

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

2017-10-08-US Stock Market Averages

Price and volume action continues to look positive as more distribution days fell outside the tracking timeframe.

OEW remains in a uptrend; when it completes, be on the lookout for our largest corrections since 2016. Although, that's probably on the order to 7-10%, so more of a buying opportunity.

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If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

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

• 2015 Performance - Stock Market Outlook
• 2016 Performance - Stock Market Outlook

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

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Return from Stock Market Outlook 2017-10-08 to Tracking the Stock Market

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Weekend Stock Market Outlook

Stock Market Outlook For The Week of
October 1st = Uptrend

INDICATORS

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

COMMENTARY

October, already? The uptrend rolls on, with no change in signals this week. Many of blogs / newsletters I read continue to sound the alarm regarding pensions, government debt, monetary policy, and the growing disconnect between stock prices and underlying fundamental values. But the fact remains that US equity markets remain the least dirty shirt in the hamper, so to speak, and as such are likely to see continued capital inflows.

All the indexes remain above their 20 and 50 day moving averages to kick off the week.

2017-10-01-US Stock Market Averages

Leading stocks continue to move higher, although proper bases and buy points are still lacking. The second point is actually not surprising; without proper corrections, proper bases don't get built. My hypothesis: the lack of actual corrections is the reason I see a lot more flat bases and or base on base patterns, verses cups and double bottoms.

The OEW uptrend remains in place to start October as well.

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If you find this research helpful, please tell a friend. I share articles and other news of interest via Twitter; you can follow me @investsafely. The weekly market outlook is also posted on Facebook and Linkedin.

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

• 2015 Performance - Stock Market Outlook
• 2016 Performance - Stock Market Outlook

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

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Return from Stock Market Outlook 2017-10-01 to Tracking the Stock Market

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