The Christmas Eve stall was a gift to the bears, at least temporarily, as it kept alive the chance that the latest version of a triangle pattern won’t break out to the upside.
The market fell to and through key support at 2010. If it doesn’t immediately rebound, the decline could pick up speed. Here’s what to look for.
The market finally broke out of the triangle pattern to the downside, and as is usually the case, the move was explosive, but it did stop at support at 2010. Here’s what to expect.
Cycle screening measures strengthened on Friday, but they did not reverse to the same extent as the market averages. This report shows the pictures and tells what the numbers mean for the market outlook.
That’s how many weeks in the past 12 months the market has crossed all or part of this week’s trading range. Is it any wonder the market is thin? Beyond that, what does it mean?
Cycle screening measures on Friday were slightly weaker on balance, going against the slight gain in the S&P 500. 8 of the 9 measures weakened. This report explains what that means for the market outlook.
The market slept through the holiday week, allowing the bulls to keep control but still leaving the bears in position to grab it back, having one very important factor in their favor.
Cycle screening measures were minimally stronger on Friday. The aggregate indicator rose but remains below the last minor high. This report covers what these measures tell us about the strength of the intermediate uptrend and the likelihood of an upside breakout.
The stock market is in position to make a run at the recent short term top at 2120, but the real key resistance level appears to be 2105-2110. This report covers what to expect if that holds, and the upside targets if it doesn’t.
Cycle screening data weakened on Thursday, but it’s still a long way from being oversold. This report and market update posted earlier is available for weekly edition subscribers. No reports will be published this weekend.