Market Trends

The trend in stocks continues it’s topping process even as market capitalization index price levels measured by the Wilshire 5000 index moved within 0.16% of matching the February 19th high on negative volume trend.

Wilshire 5000

February 19 – August 14

Price Wave Trend

Volume Wave Trend

February 19 – August 14

Overall Outlook

Short-term – Bearish

Long-term Secular – Bearish

Chief rationale: Wave pattern & volume, deflationary concerns

Prices for final demand down 0.4% for year over year- July

Current Secular Cycle