Market Update

Market Hangs By A Cheap Thread

This decline was a little scary because of the big negative divergences in a number of intermediate indicators that have preceded it. Those indicators are now on the verge of triggering clear sell signals. Sell signals flowing from large negative divergences are usually good indicators that significant corrections, or worse, are beginning. A number of…

Chinks In The Bull’s Armor, But Uptrend Intact

There were a few technical chinks behind the small uptick in the market averages on Friday. Cycle screening measures were a tad weaker and negative divergences in intermediate cycle oscillators show no signs of resolving positively yet. The 6-7 week cycle is due for a down phase and its projection of 1882 was hit, but…