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DiscoverGold

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DiscoverGold

Re: DiscoverGold post# 20688

Saturday, 03/25/2017 4:46:27 PM

Saturday, March 25, 2017 4:46:27 PM

Post# of 54865
Mike Burk: Technical Market Report

* March 25, 2017

The good news is:

• Seasonality improves next week.

The negatives

The breadth indicators deteriorated last week and the secondaries underperformed the blue chips.

The positives

New lows increased and new highs decreased last week; however, Wednesday was the only day that new lows outnumbered new highs.

Seasonality

Average returns for the coming week have been mixed, but a little stronger during the 1st year of the Presidential Cycle than average.

Conclusion

The market had a rough week, but seasonality is improving.
I expect the major averages to be higher on Friday March 31 than they were on Friday March 24.

Good Luck,

http://www.safehaven.com/article/44005/technical-market-report-for-march-25-2017

• DiscoverGold

Click on "In reply to", for Authors past commentaries

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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