Category Archives: Stock Indices

Market Update 10/10/2018

The severity of the selloff today has changed the outlook of the market.  The important question right now is how long and how deep will the correction last.  Is it time to get out the market?  We are going to look at different indices an stocks to try to make sense of the madness.

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The DOW Cycle Location 10/05/2018

Finally the DOW made an outside reversal week on 10/05/2018.  This is the start of the seasonal correction.  It is 14 weeks into the current weekly cycle that was started on the week of 06/29/2018.  This correction against the January 2018 high does appear to be a selling off of a double top.  

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DOW Cycle Location 09212018

The DOW and S&P 500 both closed at all time high last Friday, yet the NASDAQ is lagging behind.  At the end of August, NASDAQ was in overbought condition with 8.81% over 30-week moving average.  The current three weeks correction has been supported by the 10-week moving average.

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S&P 500 Cycle Location 09072018

The first week of September proves once again that September is not a good month for the stock market.  The market had a mild selloff that was led by the small caps and NASDAQ.  As soon as the S&P 500 broke out the old January 2018 high, it fell right back down below the old high.

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S&P 500 Cycle Location 08312018

S&P 500 successfully took out the January 2018 high and closed firmly above it amid the horrible headline news about a global trade war and domestic political issues.  We have examined multiple aspects of the breakout and concluded that the breakout is real. 

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