Using the Wilshire 5000 as a measuring stick for the broader domestic stock market I find that last week the price dropped 3.25%, volume was stable but below average, volatility may have bottomed out, and money flow dropped to a negative reading. Other charts show that there is no technical indication whatsoever that there is a top in sight for crude oil and that the trading ranges are still intact for the USD and 10 yr treasurey. Additionally, seasonal cycle factors have turned negative.
Based on the above info, I believe the stock market will generally decline next week.
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