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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.

The Magic Hand Appeared As Market Reached The Outer Limits – Here’s What It Means

The market appeared ready to fall apart early last week as it plunged through multiple trendlines in the lower half of the intermediate uptrend channel. Then it looked even worse when it broke through that channel early on Thursday. But the magic hand appeared on Fed Policy Resubstantiation Rally Day, and it was enough to…