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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.

Cycle Screens Weaken But Here’s Why They Say It’s Still Too Soon To Short

Cycle screening measures weakened slightly again on Friday in spite of the slight uptick in the S&P. However, they remain overbought with continued strengthening in the already extremely strong numbers in the 6 month cycle measures. Here’s why they suggest to continue to avoid the short side until certain conditions appear.