A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Today’s Markets Professional Edition
For Bulls and Bears, It’s Now Or Never
Wednesday’s action was a mirror image of Tuesday, except that the underlying technical indicators were stronger than the market averages on both days. The market still has to clear resistance and generate 13 week cycle buy signals to confirm that it is out of danger on the downside.
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Not As Bad As It Looked, But Don’t Worry, It Could Get Worse
On Monday, support held and projections were pulled up to levels that were reached, all of which suggested that an intermediate low had been reached. Tuesday’s late fade raises questions, which this report attempts to answer.
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Market Rebounds At Major Inflection Point But Is Not Out of Woods
The market reached major support on Friday and rebounded strongly yesterday to form what could be an intermediate bottom. Cycle projections rose to levels already reached and the market had entered a bottoming window in terms of time. Some indicators have flashed buy signals. But is that enough to call a bottom?
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Professional Edition Schedule Note
The market update will be posted on Tuesday morning at approximately 8:40 AM ET (US- New York).
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Bulls Make Last Stand At Critical Major Support Level
The market has fallen to a major support convergence at 1295 and is in a bottoming window time wise. That window stretches across the next two weeks. If the 1295 level breaks, ugly could get uglier. Here’s how much.
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The Bears Are Back In Town
The market keeps taking out support levels as if they’re not there, and cycle projections keep dropping. Long term indicators are beginning to hint at the return of the 4 year cycle. This report examines the implications.
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Market Oversold, But Breaking Down From Major Top Means More To Come
Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the market remains vulnerable to further declines, both over the short run and the longer term as well. The market averages have broken down from an important top, and some...
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Professional Edition Schedule Note
The market update will be posted Thursday morning at approximately 8:45 AM. Meanwhile check out The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers. Thanks for your support! See you tomorrow!
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Carve this market in butter
Drip, drip, drip goes the market. This can go on for a while, as few indicators have reached any kind of extreme. Cycle projections have been hit on the 13 week and 6 month cycles, but short term projections still point a little lower. This report presents the targets, carved in butter.
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Market Peeks Over The Cliff’s Edge
The market broke key support yesterday, but not by much. This morning it is attempting to regain that level. If successful, a 4 week cycle upturn could be under way, but the market would need to clear the 1355 area to have any room to run on the upside. If the market fails to...
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Professional Edition Schedule Note
The market update will be posted Tuesday morning at approximately 8:30 AM NY time.
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Trading Tribe Awaits Smoke Signals From Fed Tribal Council
The market has a heavy feel, like it’s going to break down, but until it does, I have to reserve judgment. Downside projections are just below the recent lows, and the period of highest cyclical vulnerability ends Monday. But what comes after that isn’t low vulnerability, it’s still a period of higher than normal...
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Black and Blue Swan Could Spook Traders in Most Vulnerable Period
By the time the market closed on Thursday, even before Jamie The Demon got on the phone, the charts were sending little signals that things were about to get worse. Cycle alignments had said that the period of greatest vulnerability would last through next Monday. Now, suddenly we have a black and blue swan...
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Testing Major Support, What To Expect Next
The market continues to test support. A close below 1345 would break several major support levels and trend channels. Some traders may be benchmarking the March low of 1340. If this test holds, the trading range would remain intact. This suggests what is likely to happen next if it does hold, and if it...
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Breakdown Today Would Put Bears In Control Copy
The market is testing major support again this morning. A close below 1345 would break several major support levels and trend channels. This report examines the triggers and potential outcomes.
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Professional Edition Schedule Note
The good news is that I am almost caught up from Friday and Saturday’s server meltdown and the Professional Edition posting schedule should return to semi-normal tomorrow. The market update for today will be posted around 8:30 AM NY time and then should return to the usual evening posting schedule.
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Down Phase May Not Do Much Damage
Critical support levels held on Monday. Time counts on the cycles suggest that the period of greatest vulnerability will last until next Monday. If the market doesn’t break major support at 1345-50 by then, then the trading range will be intact and set up for another rally. Conversely…
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Professional Edition Schedule Note
I am still catching up from the weekend server crash. The market update will be posted Tuesday morning at approximately 8:30 AM NY time. The Precious Metals update will follow. The Fed Report will be posted Tuesday evening.
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Sunday Night Massacre
The futures are well below key support levels late Sunday night. The 4 week, 6-7 week, 13 week and 10-12 month cycles are now in gear in down phases, but if this downturn holds in the 1350 area then things could hold together and remain more or less rangebound for the next few months....
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Market Nickel and Diming To Death
The market suddenly seems to be walking along on the edge of a cliff technically. One false move and it feels like it could fall over the edge. Short term, a 4 week cycle down phase seems to have started, and the 6-7 week cycle could join in. The big question is whether there’s...
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Bored Market Still Wants To Go Up
The market remains in the doldrums, with every sign pointing to a continuation of the ennui. The 10-12 month cycle is ideally due to peak on Monday, but a variance of a month or two is normal. Unless key support lines are broken, the odds will continue to slightly favor a move to the...
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Technical Signs Don’t Confirm Rally But The Trend Is Still Your Friend
The uptick in the averages was accompanied by only mixed indicator readings. The cycle projections, however, tilted a bit more bullish than yesterday’s readings. All downside projections have risen to levels already reached. As long as the market averages hold above uptrending support levels there should still be a chance for the market to...
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Cycle Juxtaposition Could Tie Market In Knots for Months
The market’s drop yesterday changed nothing in the numbers or the chart patterns. Upside projections range from 1407, already done, on the 4 week cycle to 1425 on the 6-7 week cycle, and 1460-90 on the 10-12 month cycle, with an idealized peak target date of May 7. On the downside 13 week and...
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Market Heads for Test and Breakout
Monday could be a bit rough with payments due for the settlement of $54 billion in new Treasury paper, but the technical signals still point higher.
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Do bears do their business in the woods, or on The Street?
The market extended its little tear on Thursday and looks good for at least a test of the highs, with an initial projection of 1413 on the 4 week cycle. The 6-7 week cycle is now also clearly in an up phase. A 6 month cycle upturn is overdue but there’s no confirmation yet...
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AAPL Has Short Coattails
The Nasdaq and SPX had big moves on the strength of the move in AAPL, but the Dow and screening measures were less enthusiastic. What happens next depends on whether the move continues and broadens out on Thursday. Short term cycles are in up phases. 13 week and 6 month cycle up phases could...
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Will Bernanke Step On The Apple
There’s still a chance that the 6-7 week cycle up phase may show some strength, with the 6 month cycle possibly getting in gear as well over the next couple of days to make a run at the 10-12 month cycle projection of 1450. It depends on whether the enthusiasm over AAPL sticks through...
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Mixed Bag of Numbers Tilting Down
More weakness today could indicate a failure in the 6-7 week cycle up phase, which could lead to the market quickly reaching the new 6 month cycle projection of 1327.
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Stock Market Bulls Are Running Out of Time
Indicator patterns in all time frames seem to be becoming increasingly ambiguous. However, with short term cycles due for up phases, if they fail to turn up that would suggest that the longer term cycles are weakening, consistent with the 10-12 month cycle topping out.
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