This is What Happens When Stock Traders See the Ghost of the Powell Put

The market thought it saw a Powell Put in the Fed Chairman’s speech last week. It caused short term cycles to reverse and get in gear with what had been a weak 13 week cycle up phase. The question is whether that up phase has strengthened, or if this is just a case of racing across a thinned out trading range. Here’s what to look for.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, 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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