Technical Trader subscribers click here to download the complete report. This Friday’s screens had 15 buys and 40 sells. That compares with 24 buys and…
Is the stock market getting ready to blast off again? There are hints on the charts that say the answer to that question looks like yes.
Gold shows signs of bottoming, but there’s a key parameter that must be met. Short term cycle projections point to xxxx-xxxx. (subscriber version).
This Friday’s screens had 24 buys and 25 sells. That compares with the previous Friday’s 25 buy signals and 17 sell signals. Friday’s strength in the market averages was neither broad, nor monolithic.
The market confirmed the prior indications of xxxxxxx (subscriber version only) in cycles up to 13 weeks, as well as a probable 6 month cycle xxxx.
Visibility into the near future has been pretty good lately, so I’ll start with a review of what we expected, where we are now, and any changes likely ahead.
When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.
Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.