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Play Ball! Stock Market Swings For the Fences in Season Opener

This is a syndicated repost courtesy of Liquidity Trader. To view original, click here. Reposted with permission.

Friday’s rally appears to support that we’re in the early days of a 6 month cycle up phase. We have been expecting it in this time window.  Ditto for the 10-12 month cycle, which has been trending anyway. Those two cycles should now be in gear to the upside for a few months. This would normally cause shorter cycles to resync from that low, and also to have extended uplegs.

This weekend’s screens of some 9000 listed stocks generated a whopping 163 short term signals from key levels. An equally impressive 155 were on the buy side. Furthermore, three of the sell signals were on inverse ETFs. Therefore 158 signals were bullish. Only 5 were bearish. This suggests a big turn with lots of thrust. It’s consistent with a 6 month cycle upturn.

But I was underwhelmed when I viewed those charts. Most were ambiguous. This doesn’t give me enough to conclude that we’re going to have a sustained power move.

From my visual review, I chose 8 charts which appeared to have good potential for a decent sized swing move. All were buys. If this works out as it should, we’ll get 2 or 3 runners from this group while the rest have small gains or small losses.

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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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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