Daily Stock Market Analysis 4th Week February 2017

This week marks the first time I'm doing a daily stock market analysis on Dstockmarket.com. Let us look at what the stock market is telling us. Instead of putting each day's analysis on its own page, I have put the whole week's analysis on this page. The latest analysis is on top.

February 24 2017

Yesterday we saw a first sign of weaknesses when the QQQ dropped below its 60 min 20 MA. The DIA and SPY are still holding strong. The IWM has dropped below its 60 min 20 and 50 MA. This is not a very good sign for the small caps. There is a need to be cautious at the moment.

February 23 2017

The stock market is still showing signs of bullishness with the Dow making another new high. Yesterday we saw the SPX and Nasdaq Composite making another 60 min box. If a breakout occurs we will probably move higher again. We continue to be bullish as long as the indexes are above their rising 60 min 20 MA. So far no sign of weaknesses yet.

February 22 2017

The stock market made another new highs yesterday and we continue to be bullish on the market as long as it is above the rising 60 min 20 MA.

With the semiconductors and the financial in a daily uptrend, we are certainly in a strong bull market.

February 21 2017

As I look at what the markets are telling me, we are in a strong bull market at the moment and the way to make money is to buy the breakouts and the dips. The 60 min chart shows a very bullish environment and therefore, breakouts are the way to go at the moment.

So far, no sign of weaknesses appear on the daily or 60 min charts. As long as the SPY and QQQ is above its rising 60 min 20 MA, we continue to be bullish on the stock market.

  • If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
  • Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket Chat Group
  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. US Stock Market Analysis May 6 To May 10 2019

    May 06, 19 06:04 AM

    Technical analysis of the US stock market with coverage of futures.

    Read More

  2. KLCI Analysis 6 May To 10 May 2019

    May 06, 19 05:46 AM

    Step by step technical analysis of the KLCI Malaysian stock market.

    Read More

  3. Stock Market Analysis April 2019

    Apr 22, 19 06:55 AM

    A technical analysis of the US stock market. I go through the major indices of the US market and see where it is likely to go.

    Read More

  4. Technical Analysis Of Hang Seng Index : Market Outlook

    Apr 22, 19 06:47 AM

    Technical analysis of the Hang Seng. Learn how the Hong Kong stock market is doing and where it is likely to go.

    Read More

  5. Technical Analysis Of Maybank

    Apr 22, 19 06:36 AM

    Technical outlook for Malaysia's biggest market cap stock.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.