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Stock Market Says, Here Comes the Judge, All Rise

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

The 6 month cycle up phase reasserted itself last week.

All of the short term cycles up to 13 weeks resychronized with the 6 month cycle upturn. Cycle projections rose across the short term and intermediate spectrum. I also ran the regular quarterly update of long term projections. They also rose.

I should point out that those long term projections first pointed toward the market reaching 3900 last July, and pointing to 4000 in October, when the S&P was at 3300. We should not take the fact lightly that they now point higher still.

The swing trade chart picks list showed a small gain of 1.2% on average with an average holding period of just 4 days, as all but one pick, were new. This weekend I chose 4 new picks which appeared to have good potential for a decent sized swing move. All were buys.

The current screen had an impressive 75 bullish signals against just 8 bearish signals. But that’s less than half of last weekend’s buy signals. This diminution is normal as a trend progresses. The current numbers are still relatively large, suggesting that we remain in the early stages of the move.

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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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