The market tried but failed to clear the September intraday high. The odds are now slightly lower that it will.
Cycle screening measures were little changed on Monday. They remain overbought, with continued strengthening in the already extremely strong numbers in the 6 month cycle measures.
The market quietly added a tiny gain on the semi holiday Monday. It failed to clear the September intraday high however. This report covers the reasons that it probably will, and the likely targets of this move.
Cycle screening measures weakened slightly again on Friday in spite of the slight uptick in the S&P. However, they remain overbought with continued strengthening in the already extremely strong numbers in the 6 month cycle measures. Here’s why they suggest to continue to avoid the short side until certain conditions appear.
The market held on the plus side on Friday after clearing an area of multiple resistance lines between 1995 and 2010 on Thursday. It failed to clear the September intraday high however. Here are the odds on whether it will based on the latest cycle projections and indicators. We also look at the intermediate and…
Cycle screening measures weakened slightly on Thursday in spite of the rally. They remain overbought with extremely strong numbers in the 6 month cycle measures. The market will also have the benefit of an immense wave of excess liquidity again over the next week.
The market cleared a thick area of multiple resistance lines between 1995 and 2010. The bears seem to have failed at their goal line stand, although the play could be called back on a booth review, as it appears that the ball never crossed the goal line. Here’s what the refs are looking at, and…
Cycle screening measures weakened slightly on Wednesday but remain extremely overbought. That’s a normal feature of the initial thrust of a big intermediate up phase. There’s usually enough residual momentum to keep the pot boiling for months, with the dregs churning to the surface in the process. These measures cannot answer the question of the…
The market plowed back into a thick area of multiple resistance lines between 1995 and 2010. This is the equivalent of a goal line stand for the bears. Here’s why.
Bucking the pullback in the market averages, cycle screens continued to strengthen on Tuesday, thanks to residual momentum on the huge gains of the past few days. The aggregate measure rose to +2284, which was the highest reading since January 2013. That kicked off a long bull run. Why is today different?