The cycle screens did not confirm yesterday’s rally. The 6 month cycle projection has been reached, but the 13 week cycle projection has dropped to…
The market keeps taking out support levels as if they’re not there, and cycle projections keep dropping. Long term indicators are beginning to hint at…
Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the…
In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been…
A pullback is due or overdue in a couple of cycles and there were some hints on Friday that it could be starting. But there…
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…
09/02/2011
Bear Market Rules Apply
by Carl Swenlin
It is a concept that we stress on a periodic basis, and we got another illustration this week. Technical indicators must be interpreted within the context of the overall market trend.
(This is an ex…
I am in NYC this morning, where it is a beautiful day. I don’t have access to all my tools and data while traveling, but here’s a quick update for Professional Edition Precious Metals Report. The full report will return in its usual format Friday AM.
…
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.
The market continued to try to chew through massive overhead supply, with short term indicators mixed and 13 week cycle indicators still in positive structures.…
