The market closed today right on the bottom of a 7 month uptrend channel. The whole ball of wax is up for grabs. The selling…
Technical indicators continued a pattern of slight weakening as the market sold off Thursday, but there’s little indication that this is any more than a…
Support bent but did not break today as the market coped with Friday’s big liquidity drain from the settlement of $60 billion in new Treasury…
An ugly day Friday kicked off an early start to a 13 week cycle down phase. It’s not clear whether this was just a scary…
Cycle screening measures are slightly stronger and are in position for a bullish short term signal if the strength continues on Friday. the market faces…
Intermediate indicators edged toward early phase sell signals which would have bearish implications for the longer term. The question is whether there will be a…
The market fell through support lines early, but by the end of the day there had been enough buying to push the averages back to…
The market had broken through trend resistance lines in the early going, but then the resistance hit back, driving prices back within the intermediate channel…
Cycle screening measures were little changed but reversed the slight weakening of the last two days. There’s still nothing in the indicator picture to suggest…
A negative divergence has developed versus the market averages in a long term momentum indicator. Technicians have long thought that such divergences were the precursors…
