Market Update

Cycle Screening Measures Stay Strong

While cycle screening measures softened slightly, both the aggregate measure and the individual intermediate term measures remain on the strong side, with the aggregate measure stringing together 10 straight readings of +1000 or more, beating the past record of 8 straight such readings. Once was in October 2013 and once in March 2009. This report…

Cycle Projections Rise In Spite of Pause

The pause in the market averages changed virtually nothing technically. The slight break of the meltup channel does not look material. SPX would need to close below 2012 to even begin to hint at a trend change. This report shows the pictures and gives the likely upside targets and timeframes for the remainder of this…

Cycle screening measures reach a 9 year record

The cycle screening aggregate hit a new high for this move, ending the short term negative divergence, and reaching its highest reading since October of 2013. This was also the 9th straight session that the aggregate has remained above +1000. That’s unprecedented in the 9 years since I formulated these measures. The current readings have…

Magnificent Market Meltup Cakewalk

The magnificent market meltup marched on. The target could be the uptrend line forming the upper line of a broadening pattern at 2040, or it could be the 6-7 and 8 week cycle projections or the 13 week cycle projection that is even higher. Here’s what the data suggests now.

These Indications Say A Pullback Is Coming

The slight pullback today caused several cycle screening measures to form patterns that normally indicate that a short term pullback or consolidation is imminent. However, the patterns continue to look like those of October 2013. This report considers these factors and gives the outlook.

Cyclical Screening Measures Keep Confirming

Cycle screening measures were mixed, with intermediate term measures stronger, and shorter term measures decaying after last week’s surge. Such decay is normal and not necessarily a danger signal until there’s a material increase in new sell signals, which has not happened yet. The pattern in the aggregate measure continues to look like the pattern…

Crashup!

There’s no antonym for crash, so I made one up. This market seems destined to fit the criteria of an “official” crashup. And the indicator say there’s more to come. This report covers how much more, and where the obstacles may lie.