Market Outlook, week of 3-15

Mar. 13, 2010 10:45 AM ETUPRO, SPXU, DIA, DOG, SPY, SH
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2010

I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.

      The market is always surprising, and sometimes not in the way we would hope or anticipate. This week the market rose to about the level I expected it to when I wrote last weekend, but it didn't come down in the latter half of the week as I expected. The market often doesn't move as cleanly as one would hope. Looking at a not very commonly used but interesting technical indicator, the bollinger band width, we see that there is probably a bit more upswing to go. It seems, looking at this, that the market will continue to putter along [probably puttering up a little bit] for a little while, probably a week or two before the downturn starts. However, it is important to note that the market is not moving sustainably. We will likely see the market move little bits and pieces for a little while [I won't pretend to know how long]  before the down segment [of an up trend] starts.

     In conclusion, it appears that although the market may continue to rise slightly over the coming week, it will not do so for very much longer. We are nearing a top.



Disclosure: I am long SPXU

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.