Cycle screening measures remain extremely strong. The last time the aggregate measure was above +1000 for 8 straight days was in October of last year, and before that, March 2009. But it may not mean the same thing this time. This report covers what the numbers portend.
The market meltup continues, with the SPX barely hanging on to the trendline that defines the angle of ascent. 2005 is the level it needs to reach and hold on Friday to maintain that trend. Cycle projections rose. This report covers what that means.
The slight pullback today caused several cycle screening measures to form patterns that normally indicate that a short term pullback or consolidation is imminent. However, the patterns continue to look like those of October 2013. This report considers these factors and gives the outlook.
The slightly lower close left the market averages parked right on the sharpest uptrend lines. A big up day would be needed tomorrow to keep that channel intact. But what if it is broken?
Cycle screening measures were mixed, with intermediate term measures stronger, and shorter term measures decaying after last week’s surge. Such decay is normal and not necessarily a danger signal until there’s a material increase in new sell signals, which has not happened yet. The pattern in the aggregate measure continues to look like the pattern…
There’s no antonym for crash, so I made one up. This market seems destined to fit the criteria of an “official” crashup. And the indicator say there’s more to come. This report covers how much more, and where the obstacles may lie.
Cycle screening measures were mixed today, with new short term signals softer but other measures about even or stronger. The overall net change was insignificant. The aggregate measure remains strongly positive in spite of 4 days of slight weakening. This report covers why this still suggests a bullish tilt.
The market’s pause caused no technical damage today. A new 6-7 week cycle projection points to a new specific target. It’s not the only thing pointing higher.
Cycle screening measures were minimally weaker on Friday. The aggregate levels and individual measures remained high on the strong side on balance. Here’s what that’s likely to mean.
Short term cycle projections have edged up to 1990. That will probably not be the last word as there are yet to be projections on either the 6-7 week or 13 week cycles.