The updating of the weekly trend analysis will resume next week, after I’ve returned from vacation. So far, however, the action in the major indices has given little reason to think that the trend has changed from the upward direction it signaled two weeks ago.
Last week, Weyerhaeuser (WY) – one of the stocks I [...]
I’m unable to process the current weekly trend analysis this week as I’m on vacation and away from my main PC. However, given last week’s market action, there’s little doubt that the trend remains positive – and it’s hard to imagine it changing dramatically in the next week.
The most important thing about last week [...]
After two weeks of mixed signals, the weekly trend analyses of all the major indices are once again almost unanimously green, indicating the current trend is up. Even the Dow Jones Industrials – the weakest of the indices – has shifted to a mostly green status.
Last week’s market action in turn suggests a more [...]
Last week the market had the opportunity to clarify its direction by either moving back up strongly, or by declining further. Instead, as the weekly trend analysis of the major indices shows, the picture remains decidedly mixed.
The Dow Jones Industrials continues to show the most weakness, while the Russell 2000 is now [...]
