Market Update

Market On Day To Day Status

Cycle screening measures had a slightly positive tilt today. That ran counter to the minor weakness in the market averages. This report looks at the data regarding the chances of breaking out to make a run at cycle highs projected by the market averages.

Cycle Screens Signal Second Wind

Cycle screening measures strengthened on Wednesday. Increases in new 13 week and 6 month cycle signals suggest a second wind for those cycles after recent signs that they were topping out but the aggregate indicator upticked but remains in a negative divergence. Here’s what that means.

Friday Pullback Did Little Damage

While Friday’s pullback did little damage, key technical levels must hold for the market to reach current projections on the 13 week and 6 month cycles. This report discusses and illustrates where key support benchmarks are, and what the targets of this move should be, based on cycle projections.