This market is doing some very unusual things technically speaking, and that’s extremely troubling.
The market has painted an inconclusive technical picture over the past 3 days. That reflects investor indecisiveness and indecision, and it’s usually associated with the development of rangebound markets. This article presents the parameters that will signal a change in the pattern.
The market is perfectly positioned for a big move as Ben takes center stage on Wednesday. New 6 month cycle buy signals on cycle screening measures are getting to a level suggestive of a new up phase, but they do not yet indicate a strong thrust that would have residual momentum after the initial upturn.…
Technical indicators continue to tilt toward confirming that a 6 month cycle low is behind us. A cynic might believe that certain big money players with a big time former executive at the helm of the NY Fed might have an inside track on what the Fed’s decision will be on Wednesday, and that that…
There were more signs on Friday that this rally will be of intermediate duration. A reverse head and shoulders pattern was completed but the breakout was not definitive. Signs point to more strengthening. This report tells what those signs are, but the most important one will come from on high.
The late fireworks kept most cycle indicators positive. The 13 week cycle up phase remains in force with the only question being whether it stalls out and remains sideways, or breaks out. This report tells where the bears’ Maginot Line is, and what’s likely to happen if it’s breached.
The market stayed stuck in the narrow trading range on Wednesday. The next clear directional signal awaits the breakout from the range currently indicated to be between 1295 and 1335. The intermediate up phase that should be under way has gotten off to a very poor start, and without some reason to move higher from…
The market is trading in an indecisive pattern, waiting for some impetus for the new 13 week cycle up phase that’s having trouble getting any thrust.
The daily market update will be posted Wednesday morning before the NY open.
Some of the sector charts that were looking as though they were starting an intermediate up phase suddenly don’t look so hot. As for the market, the 13 week cycle up phase has gotten off to a terrible start. This report explores that means for the overall outlook.