Both Longs and Shorts Profit But There Are Red Flags Everywhere

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The uptrend remains in force after it threatened to break down last week. Cycle projections have risen slightly, but there are red flags everywhere.

The trading setup algorithm generated both longs and shorts last week.  There are now 13 longs and 21 shorts on the list. That Daily Trades update will be posted in a separate report on Monday.

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The Monday daily trades list update will be posted in a separate report on Monday morning.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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