Same Old Same Old

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 6-7 week and 13 week cycles. The changes were not material. The outlook is unchanged from Wednesday’s report. 

Stock screening data had a small uptick again. 6 month cycle status continued to gain and is now solidly in bullish territory. 13 week cycle status had a non material decline and remains solidly bullish as does 6-7 week cycle status, which rebounded from a decline on Wednesday.

On the cycle screen aggregate net differential chart, the net differential line had another small uptick, and the cumulative line edged to a new high, but remains in the same channel.

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I will post the complete market update this weekend as usual.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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