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.

Fed Brinksmanship

The System Open Market Account (SOMA) reached the top of the 5 month flat channel and the underside of the 5% long term growth channel on Tuesday, before pulling back today. To maintain the 5% growth rate in the SOMA, the Fed will need to keep pumping through the top of the flat pattern. Otherwise…

Bellwether Update

18 leading bellwether stocks are hitting, or are near intermediate projections. The following charts show the status of 18 large cap bellwether stocks. The charts include 13-week cycle centered moving average projections (or 6-7 week if the 13 week cycle projection is not available). See the daily screens and Charts of the Day in the…

Tell Us What You Really Think?

On the heels of the doctored and often hazy corporate earnings reports, such as the Citigroup conference call “response” I blogged on earlier, it might be illustrative to do a check on what corporate insiders really think? The verdict seems to be that they are cashing out.

This is especially true of the financial names, and […]

Precious Metals Update

Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensible daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for…

Numbers Game

Third quarter gross domestic product increased at an annual rate of 1.6 percent according to advance estimates from the Bureau of Economic Analysis. This was a slowdown from 2.6 percent in the second quarter. “Real” estimates are in chained (2000) dollars. Inquiring minds might be wondering whether or not we are headed for a Goldilocks…

Tipping Point

Cycle based stock screen data weakened as intermediate broad market indicators began to gingerly tick to the sell side. The aggregate net differential between buy side and sell side indications in our screens slipped below the bottom of the 3 month range. Click here to download complete report in pdf format (Professional Edition Subscribers). Try…

Yield Update 10/31/06

Latest cycle conditions and projections for the 10 Year Treasury Yield. Click here to download complete report in pdf format (Professional Edition Subscribers).

Try the Professional Edition risk free for thirty days. Click here for more inform…

Fed and FCBs Step Up

The Fed added $10.43 billion to the liquidity pool on Wednesday with a $1.43 billion permanent purchase (settling tomorrow) and $9 billion in overnight repos, against no expirations. The 5 day net rose to an add of $10.18 billion. That looks huge …

Move into the Real World

Countering, the Alice in Wonderland view of “things”, were the comments by Autonation (the largest auto dealer in the US) in it’s conference call explaining why they were slashing orders to the Big Three by 30%. AN advised the auto makers to “move into the real world”, pointing out that Detroit estimates inventories on retail […]