The market may have given bears a glimmer of light on Friday, but so far, that’s all it is, a glimmer. This report looks at what those glimmers are and the likelihood that they will lead to a real decline.
Having repeated essentially the same analysis and forecast for seemingly the past 10 days, I won’t bore subscribers with more of the same tonight, especially since it’s late and you have enough to digest with the housing report and the free reports on unemployment claims and retail sales. Cycle projections were down slightly in the…
The market remains in a sloppy uptrend. How long can this mess keep floating upward?
Long term indicators strengthened as the market broke through a key resistance level on Tuesday, headed for an even bigger test at 1300. This report examines the likelihood of another breakout.
Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break.
The market’s mixed performance was accompanied by minimal strengthening in technical indicators, as well as ongoing signs of possible distribution in the cycle screening measures. Key cycles are now in topping areas time wise, but price projections edged higher. Where does that leave the market… and us?
Cycle projections pulled back on Wednesday. Cycle screening measures were much weaker than the market averages. Those are normally bearish indications but things work differently in rangebound markets. Here’s what to look for.
Yesterday’s blastoff means that the bias remains to the upside, this morning’s little giveback notwithstanding.If the bears can’t stop it here, 2012 would have a tailwind for an up year, not because the economy is so great, but because central bank money printing would flow through paper assets.
The Professional Edition market update will be posted on Wednesday morning at approximately 8:30 AM NY time.
The narrow trading range has left many indicators either trendless or conflicting. Cycle projections are biased to the upside. This report reviews those projections and the triggers and key levels that would signal whether the market was likely to get there or not.