Market Update Pro

Cycle Screening Measures Continue To Rally

Cycle screening measures strengthened on Thursday, following through on the earlier gains of this week and suggesting that the rally has further to go. However, the trading range has become so thin after so many crossings over a period of months that it is virtually frictionless. These indicators gave little forewarning of a turn at…

The Invisible Hand Of The Market

One day after a Dow Theory bear market confirmation and one day after breaking the long term trendline from the 2011 and 2014 lows, and after bears had gotten heavily short,  the “invisible hand” of the market once again leads them to slaughter. Their short covering only added to the panic on the upside.  The…