Sunday, February 17, 2019

Weekend Stock Market Outlook

The uptrend rolls on; no change in the technical picture, ADX, or price and volume. Next up, the resistance level just above 2,800.

Tony Caldaro, the proprietor of OEW, passed away early last week. He will be missed. It's unclear what will happen with the OEW blog; for now, I'll use the sign off from Tony's public blog posts as the signal and send prayers to his family.

Fun fact: In 19 of 19 post-war instances of a 15% uninterrupted decline (excluding the current one), the stock market ended up testing the waterfall low in some fashion - Bryce Coward

There's a first time for everything, but we're not out of the woods just yet.

Stock Market Outlook - Week of February 17th = Uptrend
-- $SPX $COMPQ $RUT $DJIA --
https://www.invest-safely.com/stock-market-outlook-2019-02-17.html

No comments:

Post a Comment