Stock Market Update | This could be the bottom!

The primary trend has changed from down to sideways and the intermediate trend has changed to up for the first time since last July.

Please do your own research and learn the risks of stock investing before committing money to stocks.

Stock Market Update | Short Term Trend

In the short term the stock market is in an uptrend.

If you are a swing trader who trades in the one to three-day time frame, align your short term swing trades to the long side to trade with the current trend.

Be nimble, however, as the short-term trend has been going up sharply for days and a dip in the action might come in a violent manner. Keep a close eye on your positions and set hard stop losses.

Stock Market Update | Medium Term

There was a significant change in the daily and weekly stock charts last week. Stocks on the daily chart broke out of many types of resistance. On the weekly chart time frame, the stock market has ejected into an uptrend unlike any that we have seen for quite some time. Longer term swing traders and position traders should seek out the market leaders and place long trades accordingly.

Stock Market Update | Long Term

The monthly chart of the stock market shows sideways action – which is quite a relief following a four month down trend. Stocks are still below the 200-day moving average so we are not bullish yet, but this is how bottoms tend to form in stock charts.