Last night, 7 days after my open heart surgery, I put together a couple of pages of the charts and tables which normally appear in the complete version of the Pro Trader Daily Market Update. I posted it the day AFTER I had the heart attack that ultimately escalated to emergency open heart, triple bypass…
I wrote the last two Pro Trader Market Update reports while sitting in a hospital bed this weekend after having had a small heart attack on Friday. On Monday I’ll have a procedure to correct the problem, and should be as good as “slightly used-reconditioned” in a few days. When I started having severe chest pain after…
Cycle screening data plunged sharply on Friday. All 9 measures weakened. The aggregate measure fell sharply, ending in the sub -1000 zone, near the January low.
Down phases on cycles up to 13 weeks grew weaker, but a test of support and cycle projections around 2050 held. Here are the benchmarks to watch for the keys to whether the bears again take control of the market’s direction.
Cycle screening data weakened on Thursday. 8 of the 9 measures weakened. The aggregate measure fell back into negative territory after just touching its declining 29 day MA. This makes another lower high in a series going back to early March. The cumulative line also downticked and is on the verge of breaking the 29…
The customary Fed policy resubstantiation rally did not materialize. The market broke trend support but faces more.
Cycle screening data strengthened modestly on Wednesday. 6 of the 9 measures strengthened. The aggregate measure upticked to reach positive territory again after staying above the 3 month uptrend line.
Today was surprisingly weak for Fed policy resubstantiation day. The real post FOMC rally often holds off till Thursday.
Cycle screening data strengthened marginally on Tuesday. 6 of the 9 measures strengthened. The aggregate measure upticked but stayed in negative territory. It was above the 3 month uptrend line but below the declining 29 day MA.
Indicators for cycles up to 13 weeks have mostly edged to the sell side which primes the market for a negative reaction to the Fed.