If the bearish trend holds, prices should retreat early this week. On the bullish side, look for a large advanced on high trading volume as a signal that a new rally is taking shape.
More commentary after the jump... Stock Market Outlook - Week of September 27 2020
The price/volume signal joined the ADX in bearish territory, while Elliott Wave isn't too far away from a switch either.
When planning your trades, keep in mind that September isn't great for stocks historically, and we typically see a sell off during the second half of the month.
More commentary after the jump... Stock Market Outlook - Week of September 20 2020
It remains to be seen if all the damage is done, or if there’s more to come. Throughout the uptrend, sell-offs have been over quickly, but September isn’t a good month for stocks.
Be sure to check out the fascinating perspective from Brent Donnelly at HSBC, showing the similarities between today's environment and 1968.
More commentary after the jump... Stock Market Outlook - Week of September 13 2020
Price and volume action remains bullish. Elliott Wave counts will work themselves out soon; last week's sell off could be the end of the 3rd wave or the 5th wave.
With prices near all time highs, an ADX cross-over, and a "mature" uptrend in Elliott Wave, it's time to review your positions (sizing and performance). Play with house money (aka your profits) where you can, cut your losses where you can't.
More commentary after the jump... Stock Market Outlook - Week of September 06 2020
