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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Caution Flags Out But Race Is Still On

Negative divergences have begun to develop in some momentum indicators, suggesting that the uptrend is losing steam, but we’ve seen this before in the course of this rally and the market has resolved to the upside each time. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates,…

Pause That Refreshes or Rigor Mortis Setting In?

The market paused on Wednesday. Was it the pause that refreshes, or rigor mortis setting in? Cycle projections rose, and there were no significant changes in indicator patterns, so I’ll take Door Number One, Monty! I’m a little skeptical about the still rising projections on the 6 month and 10-12 month cycles. Follow the money.…

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…