Cycle screening data was materially weaker across the board on Friday, dropping all 9 measures to the sell side on balance. The aggregate measure went deeply negative but stopped at the trendline of rising lows. Here’s what it means. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition…
The decline this week did not quite break the long term trendline from the 2009 low, but it’s sitting right there.
Treasury paydowns, Fed MBS settlements, massive tax receipts, and massive foreign central bank buying are combining to boost market liquidity. The only question is where it will be deployed. Today it was bonds.
Lee Adler goes behind the paper curtain of Wall Street propaganda to strip away the media hype and hysteria around the financial news headlines to show you the actual facts. This week he examines the economic data for any signs…
Gold continues to meander aimlessly in a tight trading range, while gold stocks, which had looked so promising on Wednesday, pulled back.
Cycle screening measures were slightly weaker on Thursday, but not enough to tilt the overall levels and patterns to the bearish side.
The market continued its assault on resistance. Resistance won the skirmish, but not the war.
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 294,000. The Wall Street conomist crowd consensus guess was 280,000. In the game of pin the tail on the number, this week was a miss. According to the Department of Labor the actual, unmanipulated numbers were as follows. “The advance number of…
Several precious metals stocks triggered intermediate term buy signals on the charts.
Cycle screening measures were slightly stronger on Wednesday. They supported the move in the market averages, which was just as hesitant.