Replies to post #20688 on Market Direction and Stock Trends

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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

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