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…
Cycle screening measures weakened on Thursday. 5 of the 9 measures were weaker. Just 4 of them remain on the buy side.
The market has set itself up perfectly for jobs day with its last minute push to close right against intermediate trend resistance.
Cycle screening measures weakened on Wednesday. 7 of the 9 measures were weaker, but 6 of them held on the buy side. The aggregate measure slipped, remaining below the downtrend line connecting the minor peaks since last October.
Bears were in control for most of the day on Wednesday but could they not close the deal and dip buyers came swooping in. An apparent decisive break of support turned into a mirage as the market recovered enough to maintain its short term uptrend. Here are the key levels to watch to determine the…
Cycle screening measures weakened on Tuesday. All 9 measures were weaker, but 7 of them held on the buy side. Here’s what the numbers suggest about the outlook.
The market stalled and reversed at a big resistance cluster. Here’s what cycle analysis tells us about that.
Cycle screening measures strengthened on Monday as 6 of the 9 measures gained. The aggregate measure made a new minor high versus December but…
The market stalled at resistance on Monday but it has set up a new uptrend channel. The cycle picture is mixed, with some cycles still pointing higher and others suggesting that at least a short term top, if not a resumption of the downtrend, is due now. Here’s how the details break down.
Cycle screening measures strengthened on Friday but only 6 of the 9 measures gained. The aggregate measure made a new minor high versus earlier in the week, rising to slightly, but not materially, above the downtrend line connecting the minor peaks since last October.