Today’s selloff caught me flat-footed. On Monday, cycle screening measures suggested internal technical strength, but those indications did not pan out. But there continue to…
The market averages paused today. Short term indicators are turning up. Intermediate indicators are inconclusive. However, the uptrend is very much intact, with uptrend lines…
The market put on an impressive show Friday, following through on Thursday’s signs of a 6-7 week cycle low. The intermediate uptrend channel remained intact…
The market rebounded from the bottom of a 7 month uptrend channel, creating the conditions for a 6-7 week cycle low. Whether it sticks depends…
The market closed today right on the bottom of a 7 month uptrend channel. The whole ball of wax is up for grabs. The selling…
Technical indicators continued a pattern of slight weakening as the market sold off Thursday, but there’s little indication that this is any more than a…
Support bent but did not break today as the market coped with Friday’s big liquidity drain from the settlement of $60 billion in new Treasury…
An ugly day Friday kicked off an early start to a 13 week cycle down phase. It’s not clear whether this was just a scary…
Cycle screening measures are slightly stronger and are in position for a bullish short term signal if the strength continues on Friday. the market faces…
Intermediate indicators edged toward early phase sell signals which would have bearish implications for the longer term. The question is whether there will be a…