Market Update

Is The Day of Reckoning At Hand?

Cycle screening measures were slightly stronger on Friday, keeping the aggregate measures in strongly positive territory while remaining in a negative divergences. The individual measures remained mostly bullish, with only new 13 week cycle signals raising a preliminary caution flag that the rally could be near an end. This report suggests what to look for…

Dreaded Internal Correction May Lead To Massive Blow Off

Cycle screening measures marched in place in positive territory during the week that I was away. Short term measures corrected while the longer measures remained very strong. The market averages marked time while this process was under way. Any follow through on the modest strengthening in these numbers today could be a sign of a…

Short Term Cycles Consolidate

With the market trading quietly in a narrow range for the past 3 days, there has been little change in the cycle outlook. Short term cycles appear to be in down phases where the indicators correct but prices don’t. Here’s what that probably means in terms of where to expect the market to top out,…