Stock Market Slowing a bit, But the Long-Term Up Trend Still Intact
THE STOCK MARKET IS WEAKENING SLIGHTLY, BUT, THE LONGER-TERM UPTREND IS STILL INTACT AND RUNNING.
This Stock Market Is Getting Slightly Softer.
The STOCK MARKET price trend is often a future indicator for the State of the Economy.
Price movement paused briefly recently, but, should prices for the Weekly Close go above the price level indicated by the dotted line above the present price, we'll have re-sprung back into a strong uptrend again.
I won't pretend to interpret this Market relative to the upcoming Election as to meaning, but, as the market has gone up all during the present administration, for the market to continue in that same direction would seem to indicate that conditions in the future are expecting to duplicate those of the past 4-Years. Read into that what you will, but, try to remain unbiased in your interpretation.
Watch for prices breaking below the lowest dotted line level on a Weekly Closing basis to confirm a break in the uptrend.
Again, these comments are an educational exercise and my personal opinion only (an enlightening process I've been engaged in for over half-a-century now!). Although I'm pretty sure of my analysis, I do not advise others and am not an licensed advisor. Read our Disclaimer to that effect.
But, for those who have requested it, I'll continue to evaluate a few more markets in the days to come just to get a better 'feel' for the actual trends versus the perceived trends in some of the more popular markets.
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The above charts for the two Stock Market Indexes are Weekly Price Charts.
As we stated in our previous post, this longer time scale allows us to sift out price momentum whether up or down more efficiently.
The current and long-term uptrend in these Stock Indices appear to be poised to continue, although, there has been a slight pause in their momentum these last few weeks.
If there is going to be drop in the Market, it'll be more believable if prices drop, (on a closing basis), below the lower dotted lines on both charts. Price drops into this region, will tend to confirm that the slowdown or weakness is building and that a break in the Markets is coming.
Trends are powerful things and, the ability to get on board a rising or falling trend is where the big returns are historically. We have the tools and educational materials that will instruct you on how to detect these potentially profitable points in time early.
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