Market Update Pro

Weekly Market Update with interim bulletins featuring Lee Adler’s proprietary cycle analysis, price and time projections and cycle screens of big cap stocks and ETFs. Click here to subscribe. Subscribers, click the post headline to access reports.

2011 Redux?

The market’s technical pattern and indicator behavior over the past month bear a striking resemblance to October 2011, four years ago. The similarity of those patterns, and the 4 year time frame raises the question of whether this move, like that one, is the kickoff to a new cyclical bull market leg. The question now…

Market Trolls The Bears

Cycle screening measures were stronger on Thursday, but they left room for doubt. The aggregate indicator strengthened only modestly in breaking a record string of 11 straight declines. Three of the components actually weakened slightly and two were unchanged or nearly so. With the market averages just now reaching into an area where there should…

The Back Kiss of Death

The market pulled back from multiple resistance lines, including the line extended from the March low at 2039.69. Failure here could be a classic “return to the scene of the crime” where the market rallies only to where it originally broke down from the top around 2039, otherwise known as the “back kiss of death.”