Lee Adler - The Wall Street Examiner

Author: 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.

Miners Start Their Swing

Lee Adler Gold and Mining Stocks Trader October 12, 2020

The pop in the miners looks wildly bullish on the charts. Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk free for…

More Moo 10/12/20

Lee Adler Lee's Free Thinking October 12, 2020

The hourly chart of the ES fucutures is as wedged out as you can get. Over the next couple of hours, before New York opens, it will either break down or break out. The 5 day cycle projection now points to 3510-15, so from that perspective, the odds fav…

Bullish Signals Abound

Lee Adler Technical Trader October 11, 2020

Scheduled liquidity data has told us for a couple of months that October would be bullish. That played out like a charm in terms of the technical analysis last week. We also know that liquidity only gets more bullish this week. The technical picture confirms that outlook. We must give the bullish factors the benefit of the doubt.

My stock pick screens confirm that. I’m adding 7 picks from those screens this week, 5 long and 2 short. That will leave 13 open picks, including 11 longs, and the 2 new shorts.

The Charts are Scary Bullish 10/9/20

Lee Adler Lee's Free Thinking October 9, 2020

Going through my stock screens this morning, I was shocked at how bullish the output was. Chart after chart. Sells were few and far between.

I think we’re going to have to grit our teeth for awhile. But this isn’t a surprise. We knew for a coupl…

Federal Tax Collections Now Say Damned If They Do, or if They Don’t

Lee Adler Liquidity Trader - US Government Revenues October 8, 2020

Tax collections have leveled off at a negative year to year rate. The Fed has gone to Congress begging for fiscal support for the US…

Drive for 35 10/8/20

Lee Adler Lee's Free Thinking October 8, 2020

It sure feels as though the S&P is headed for the 3500 level again over the next few days. But the hourly chart of the ES fucutures shows that there are obstacles in the way.

Helluva Week Yesterday 10/7/20

Lee Adler Lee's Free Thinking October 7, 2020

After a news noise event like yesterday’s I wouldn’t read much into the chart until the reverberations settle down. Here’s the hourly. It shows that at 5:20 AM in NY, the rebound reached resistance at 3378.

If Bonds Sell Off, Dealers are in Trouble and So Is the System

Lee Adler Liquidity Trader - US Treasury Market Trend Supply and Demand October 6, 2020

Primary dealers have maintained huge and heavily leveraged long bond positions. They are only lightly hedged. Just today, the bond market is threatening to reverse the long term downtrend in yields/uptrend in prices. It’s bad news for the bond market, and for the system as a whole. And that includes stocks.