Cycle screening measures weakened slightly on Thursday. 5 of the 9 measures were stronger but the aggregate measure slipped to a new low for this move, reconfirming the downtrend. Here are the particulars and what to look for next.
There’s no such thing as an official standard. It’s a Wall Street con, and you are the mark.
Cycle screening measures strengthened slightly on Wednesday. 7 of the 9 measures were stronger but all 9 remained on the sell side on balance. Here’s what the uptick means for the outlook.
While the Dow weakened and the SPX was little changed yesterday, there’s now enough data for a 4 week cycle projection. Being early in the cycle, it could drop even further than where it currently points. The 10-12 month cycle projection also dropped and it is now in line with the 6 month cycle projection.…
Cycle screening measures weakened on Tuesday. All 9 measures were weaker. The last 2 measures that had been positive on balance fell to the sell side. But there are 2 setups that could point the other way if certain things happen.
With the market little changed today, there were no substantive changes in the indicator positions or cycle projections.
Cycle screening measures weakened on Monday. All 9 measures were weaker. Just 2 of them remain on the buy side on balance. The aggregate measure fell deep into negative territory but is not near oversold by bear market standards.
The market broke a couple of key support levels before rebounding to close above them. The SPX still managed to notch the lowest closing price yet in this bear market. A key long term trend indicator also made a new low, breaking a string of lows dating back to late 2012. If it stays that way…
Cycle screening measures weakened on Friday. That weakness was not as pronounced as the weakness in the market averages, but it was sufficient to turn the short term pattern bearish, with the potential for extreme bearish signals.
The market fell sharply in reaction to a weaker than expected (by everybody except us) nonfarm payrolls number. The 4 week cycle is now in a confirmed down phase. A 13 week cycle top was due in the February time slot, and indicators are on the verge of confirming. But a couple of last ditch…