Stock Market Update

Where is the market going from here?

Stock Market Update | Short Term Swing Traders

Short term tradrs should align their trades to the long side. Use caution not to chase trade entry in case stocks fall into sideways mode prior to further bullish action. There are always pullbacks. Demand good entry.

Stock Market Update | Medium Term Traders

Longer term swing traders and position traders who hold stocks from 1-6 weeks should have a bullish outlook. Look to go long growth leaders and trade the strongest sectors. Large cap stock trades with far out of the money covered calls for extra income are also a great call. The weekly chart clearly shows an uptrend in this time frame. Click the chart to enlarge.

Stock Market Update | Long Term Traders and Investors

The stock market in your time frame is moving sideways and not showing a clear trend. Investors do not yet have the green light to buy and hold their favorite value stocks as broad prices are still trading below their 200-day moving averages. Pullbacks to down trends and bear market rallies can be very convincing, but there is no protection to the downside here. Be patient and wait for the real long term uptrend.

The stock market update is useful to increase trading and investing profits, but do your own research and consult with an advisor about the risks of stock investing prior to committing investment capital.