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No Newton’s Law For Stocks

Friday’s action kept the market pinned to the top of a minor trend channel, but data from cycle based stock screens indicated underlying weakening. Centered moving average projections remain slightly above current levels, but the deterioration in the screens suggests that a downturn may be just around the corner. Click here to download complete report…

Pushing The Envelope

Centered moving average projections rose as the market averages cleared a key resistance zone. There’s a shorter term resistance line around 1404, which, if broken, would suggest a move to the 1415 area in the short run. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free…