Technical Trader

Weekly stock market update featuring Lee Adler’s proprietary cycle analysis, price and time projections and SPY put and call trading recommendations.  Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.

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Is Don’t Short A Dull Market Still A Good Rule?

The market needs only to close below 1370 to break the uptrend channel that began on December 21 at the time of the ECB’s first LTRO operation. However, there are more important support levels that would need to be broken to signal a meaningful correction. Otherwise the upside projections of 1460-1520 would remain viable targets…

1500 A Good Bet In This Game, But First A Few Immunity Challenges

Cycle projections rose on Thursday and are now pointing toward the upper 1400 range. In the latter stages of a move projections tend to be less reliable than the earlier ones, which recently had mostly been in the 1420-1460 range. There are resistance levels below that. Here are the ones to look out for. Follow…

Uptrend Faces First Real Test As Sell Signals Increase

We’ve become so jaded by the relentlessness of the rally that any down day feels like a massive break, but in reality, no key support levels have been broken. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So…

SPX Breakout Confirms 1440-1480 Target Then Sell In May, Go Away

The market has begun to edge above major resistance, clearing the way for a significant extension of the rally. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next…

Markets Sights Set On 1500 But Can Bears Break Support First

Upside projections were little changed on Friday. The market remains in trending mode. When will it return to cycling? Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next…

Market Holds Steadfast To Trend, Targets 1440-1500

This uptrend refuses to die. Most indicators continue to move more or less sideways in positive territory. There’s no sign of any change in the weak trending nature of this market. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall…