A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
The market suddenly seems to be walking along on the edge of a cliff technically. One false move and it feels like it could fall over the edge. Short term, a 4 week cycle down phase seems to have started, and the 6-7 week cycle could join in. The big question is whether there’s...
Read More »
If the futures gains this morning are indicative of where the market will end the day, then we’re likely to see signs of an upturn in some cycles. For now there are no short term or intermediate projections in either direction, other than for the 10-12 month cycle which still points to the upper...
Read More »
This uptrend refuses to die. Most indicators continue to move more or less sideways in positive territory. There’s no sign of any change in the weak trending nature of this market.
Read More »
The market continues to trend weakly higher. Cycle indicators have become all but worthless in the process. All that’s left is to follow the bouncing ball as it rolls uphill along the trendlines, until it doesn’t. All intermediate cycle projections now point to 1420-30. It’s pretty simple from here.
Read More »
With many traders away this week and extremely light trading, it’s easy to be suspicious of the numbers. Be that as it may, they continue to strengthen, with intermediate cycle projections now all pointing higher than they were a few days ago.
Read More »
The slight advances in the SPX over the past 2 days has caused some ambiguity to develop in the indicator picture. It is no longer a monolithic bearish sweep.
Read More »
The question hanging over the market now is what Ben will do. The technical picture suggests that traders are predisposed to react a certain way, but there’s a key support level that could send a signal one way or the other depending on whether it holds or breaks.
Read More »
The test of the lows has arrived and it does not appear that they will hold for long.
Read More »
Wild gyrations have become the norm as cycles apparently remain juxtaposed to one another in an illiquid environment. The churning will continue until the expected downturn in the 13 week cycle. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within...
Read More »
There are some indications that the market is at or within a day or two of a short term low, including the testing of major support, but intermediate signals suggest that 6 weeks of decline lie ahead.
Read More »
The market took a normal breather one day after a triangle breakout.
Read More »
The market marked time again on Wednesday. The underlying indications showed no sign of weakness.
Read More »
The rally was based more on a knee jerk news reaction than any cyclical flows, ostensibly because some French banks agreed to let Greece default and not call it a default. There are no clear signs yet that it will be sustained. We’re getting into the mid stage of a 13 week cycle up...
Read More »
The market took a step toward signaling the13 week cycle turn that is due. Most downside projections have been hit but few indicators are confirming a turn. 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...
Read More »
The market appears set for a rally, mostly on the basis of the short term indicators, as we head into the last month of QE2.
Read More »
Technical indicators continue to strengthen as the market rises. There’s not much here for bears other than potential resistance in the 1370s. 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...
Read More »
The market has reached a moment of truth with short term indications hinting at a stop here, while intermediate indicators are pointing up, but without much momentum behind them.
Read More »
The Fed can pump all the money in the world. If their dealer henchman are scared, or just craven, it won’t matter. They won’t deploy it, and they’ll just short the market to hell. That’s what this market is beginning to smell like. Click here to download complete report in pdf format (Professional Edition...
Read More »
Support held on Thursday, but most indicators continued to weaken, including both broad market indicators and cycle screening measures. 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...
Read More »
7 of the nine cycle based stock screen measures were slightly weaker. These are not the kind of numbers that would strike fear and trepidation into the hearts of bulls.
Read More »
Now that the distortions induced by the homesucker’s tax credit have been removed from the market, housing trends have returned to where they would have been. New and existing unit sales have collapsed. New unit prices have also collapsed, as the temporary artificial shortage that resulted from the tax credit demand bulge, has reverted...
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments