Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET OBSERVATIONS – MAY 25, 2015

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – MAY 25, 2015

May 25th, 2015

craps front coverSTOCK MARKET OBSERVATIONS FOR May 25, 2015: The stock market remains at the top of its trading range as it is working off its “overbought” condition. Internal breadth indicators now have “neutral” readings which suggests that the market can go in either direction. But an ideal buying opportunity is not present until the majority of indicators show “oversold” readings. So while the market can go in either direction, I would expect a slight move downwards before the market breaks out to the upside.

Key underlying market indicators show the following:

***********

ADVICE TO TRADERS AND INVESTORS: Don’t be surprised if the market decides to breakthrough resistance and go on to new highs. The stall at the top of the trading range is allowing the internal market to balance out. Unfortunately, there isn’t a pivot point in which to buy the market unless we get a little more scare to the downside. If and when the market does break to the upside, it will climb the proverbial “wall of worry.”

Be Sociable, Share!
Comments are closed.