Cycle screening measures were weaker Tuesday. There’s been some follow through over a few days, which is unusual lately. The aggregate measure fell deep into negative territory leaving no doubt that the short term trend bias is negative and will remain so as long as this number is negative. All 6 new signal measures are now on the sell side and 13 week cycle current status weakened enough to join 6 month cycle status on the sell side. 6-7 week cycles, which had been the strongest, dropped the most today, and new signal measures were also very weak in that time frame. It appears that all 3 cycles are in sync on the downside.
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