Market Update

Useless Data for Thin, Whippy Markets

Screening data rebounded from 4 days of declines, lagging the turn in prices by a day. These indicators are based on cycles of at least 4 weeks in duration. The market is moving so fast in this thinned out trading range that these measures are unable to respond quickly enough to be useful for timing…

Time To Sell The Rips?

Normally the cycle screening measures give us a little advance warning when the market is about to change direction. This time they were no help, turning concurrently with prices. We did not see the usual patterns that typically develop before an intermediate decline.