Market Update Pro

Weekly edition of the Daily Market Update featuring Lee Adler’s proprietary cycle analysis and cycle screens of big cap stocks and ETFs, with market trend and position opinions and occasional chart picks. Click here to subscribe. Subscribers, click the post headline to access reports.

All Quiet On The Western Front

The market spent last week marking time in a tight trading range, waiting for the big events of this week. Some analysts have opined that they expect the inauguration of Krusty the Klown to be a sell the news event. There are some new technical signs that suggest that that could be a definite possibility. Here’s what…

Bulls Stampede

The 10-12 month cycle is now in a confirmed up phase. There’s no projection for it yet. However, there’s a new 6 month cycle projection. One of the hedged trading portfolio picks was closed out as a result of hitting its trailing stop last week and I’m taking profits on another on Monday. There are…

Market Clears Resistance

The market broke through a wall of resistance in the 2185- 90 area. By the end of the week it was well clear of the August peak. A sharp uptrend channel has formed. That needs to be broken before the market can pullback. Here are the key levels to watch and the targets if they’re…

Stock Market Hits The Wall, Keeps Hammering

The market hit a wall of resistance in the 2185- 90 area, at the top of the trading range.  The trading range is very thin, and a downturn here could see the index quickly fall back to the bottom of the range. However… Market Update Pro subscribers click here to download the complete market update, including…

In a Bizarre Turn, Market Runs The “Wrong” Way

A slew of indicators were in concurrent sell side configurations indicating the probability of a sharp or sustained decline before last week’s rally. But the market promptly reversed last Monday in one of the most bizarre direction changes I have ever seen. Normally there is at least some technical warning. This time there was almost…

Market Tilting More To Short Side

The market is now significantly weaker than at a similar stage of the last 13 week cycle, which saw the post Brexit pop. On balance, the data suggests adding to the short side. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet…