Ian Woodward's Investing Blog

Stock Market: Happy Memorial Day!

My good friend Bob Meagher helped me put this Blog Note together with wishes to you all for a Happy Memorial Day!Memorial Picture

The Major Market Indexes which are long in the tooth hit new highs this week  and are now pausing to refresh:

Memorial Indexes

The Canaries have found support and are pausing to refresh:

Memorial Canaries

The S&P 1500 is pausing to refresh after jumping up into New High Territory this past week:

Memorial Pat

The Twelve Drummers need to breakout this week or we pullback before hopefully going up again:

Memorial Drummers

With luck, a fresh rally is on the way and we should expect the Accumulation vs. Distribution Ratio to drive the NASDAQ higher:

Memorial AD

%B x BW is still out of sync with %B, but with one more powerful move to the upside we should see things improving:

Memorial Woody

Although I am sure I am “Carrying Coals to Newcastle” as my English friends would say, I have to remind us that this Rally is very long in the tooth and a correction is overdue.

Memorial overdue

We have had a 44 Month run with a 90% gain so no wonder we are all biting our fingernails and wondering when the big dipper is coming:

Memorial big dipper

…And finally, here are the Near Term High and Low Targets…let’s keep our fingers crossed that we hit 5200!

Memorial Targetst

With best regards,

Ian.

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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.