The daily screening data and analysis has now been updated. As a result of persistence of the rally, intermediate cycle price projections have risen a bit. The market appears to still have some headroom in the short run, with an intermediate high due in March. Meanwhile, the bull market is now mature enough for long…
Gold has dropped to key support, but some projections and technical indicators suggest that it will not hold.
The market had a negative tone on Friday, but it wasn’t quite enough to trigger any changes in the technical picture. This report shows why it probably still has new highs ahead, with likely targets and time frames.
It’s a good thing people don’t really die of boredom or this market could lead to a mass extinction of stock traders and active investors. The Fed’s pumping of an endless flood of liquidity into dealer accounts coupled with high their frequency trading has robbed the market of its volatility. Low volatility goes hand in…
The market seems to be gasping in the rarified air above 1500 on the SPX. 13 week cycle indicators have rolled over as that cycle enters what should be the tail end of its down phase. This is when the risk of a sharp but short selloff to end the down phase is elevated. But…
The market remained on trend with a mixed technical picture not indicating any reason to expect a material change. In fact, the setup is such that cyclical factors suggest the approach of a final move in the 6 month cycle up phase.
The market took another breather with minimal technical changes. Without thrust it should continue to regress toward and along the trendline toward the 6 month cycle projected high due in March.
The market continued its pattern of rallying after testing short term uptrend lines. Other signs point to the possible onset of the final blowoff of this 6 month cycle. This report covers trend support and resistance and cycle price and time targets.
The slight decline in the market averages didn’t have much of an effect on the technical indicators. The key 13 week cycle remains in a sideways down phase. This report looks at key times, price benchmarks, and targets for what could be a blowoff move.
The hourglass is running down on this phase of the cycle for bears.