I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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SPX cash opened weak, falling through the 5 day cycle centerline at 1342, signialing the onset of a down phase in that cycle. The 8 day cycle centerline is at 1338. If that area breaks, the market could trend weaker for the better part of this week. If it holds, then the bulls will...
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SPX (cash) had a late surge on Friday pushing the 2 day cycle projection to around 1317. 2 day cycle oscillators had been on the buy side since mid day. Resistance was indicated at the 5 day cycle centerline at 1315.50 and the 8 day cycle centerline at 1316.50. With a move above those...
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SPX (cash) opened weaker, falling below the 8 day cycle centerline, but is since has recovered above that line. The 2 day cycle projection of 1290 was almost hit in the opening moments. 5 day cycle indicators are on the cusp of sell signals, but the 2 day cycle is opposed, with the indicators...
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SPX (cash) opened with a massive gap that resulted in a 2 day cycle projection of 1303-07. The gap down triggered sell signals on 2 and 5 day cycle oscillators. Resistance is suggested at an 8 day cycle inner channel line at 1305. If that’s cleared, the next one is at 1314. Support is...
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The SP futures were sitting on inner 2 and 5 day cycle lines around 1 AM ET, but began to sniff a strong open in Europe, and moved up off those support lines so that 2 and 5 day cycle oscillators turned up just as Europe opened at 3 AM. The Spoos crossed the...
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When we left off here last Wednesday I suggested that the massive thrust in the new short term buy signals in the screening data would mean that there would be enough residual momentum to keep the bias to the upside for at least a few weeks. Here’s an updated look at that idea.
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The manipulation that’s the dominant feature of scam week (opex) trading typically rips cycle patterns to shreds, and this week has been no exception, but we do the best we can to identify support and resistance and likely turning or breakout points. Yesterday the 2 day cycle projection on the cash SPX at the...
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09/17/2010
New Long-Term Buy Signal
by Carl Swenlin
Today another long-term buy signal was generated when the S&P 500 Index 50-EMA crossed up through the 200-EMA. Normally, we have high confidence in these signals, but, unfortunately, the long-term mo...
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All 9 cyclic stock screening measures picked up strength on Tuesday. Buy signals on new signal measures increased in all time frames. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I...
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7 of the 9 measures were weaker on Friday. That was after all 9 weakened on Thursday. Most of the weakening in new signals was due to a decline in the number of new buy signals. That’s normal and benign as an advance ages. But new sell signals also began to increase slightly. Click...
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The shrinkage of new 13 week cycle buy signals in the stock screening data at a time when they should be expanding is an indication of just how weak the market is. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
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New 13 week cycle buy signals saw a significant expansion. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for...
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There’s no sign in the numbers of any weakening in the 6 month cycle up phase. The shrinkage in new buy signals in that cycle is normal as an up phase matures. Other things need to happen to signal the end. Click here to download complete report in pdf format (Professional Edition Subscribers). Try...
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Friday’s drop in new short term signals came entirely from a reduction in new buy signals, which in itself is not a sell signal but may simply be marking the passage of time and the maturing of the up phases. The first real sign of a downturn comes when the number of new sell...
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Cycle based stock screening data was mixed on Tuesday. Most of the losses were due to the natural reductions in new short term buy signals that follow the initial thrust off the lows. There can only be so many new buy signals signals. After the initial surge, the numbers diminish as the up phase...
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Cycle based stock screening data was mostly stronger on Monday. There was a little more acceleration in the expansion of new short term buy signals. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the...
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It looks like push comes to shove this week as the market averages approach a possible bears Armageddon. The 965-70 area is the line in the sand that most hold if this is not to be the bears’ Jonestown. At this point, there are a slew of indications that point toward an upside breakout,...
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Buy signals are popping out all over the place. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more...
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Yesterday’s recovery, while impressive, did not leave us with clear buy signals. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click...
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The market has taken a beating overnight, killing off any thought that the 6 month cycle up phase might result in a substantial rally. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information...
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The market is headed for a test of the lows, and I don’t think it will hold. Most of the indicator buy signals that we saw last week, including those for the all important 6 month cycle either whipsawed or died an early death today. Click here to download complete report in pdf format...
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SPX Update: Market Now Historically Overbought
No material change in the counts since yesterday. The SPX hit yesterday's targets, and actually exceeded my exact 1328 target by a couple points before reversing. A small moment of truth for the short term preferred coun...
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