The market cleared another resistance level today.
The market broke through a couple of key resistance levels on Wednesday, and is showing some signs of going parabolic.
This is the complete market update including the screening data.
The market averages appear to have staged a breakout over the past week as the SPX trades above the October high, but the charts indicate that something else may be going on.
The market may have given bears a glimmer of light on Friday, but so far, that’s all it is, a glimmer. This report looks at what those glimmers are and the likelihood that they will lead to a real decline.
Having repeated essentially the same analysis and forecast for seemingly the past 10 days, I won’t bore subscribers with more of the same tonight, especially since it’s late and you have enough to digest with the housing report and the free reports on unemployment claims and retail sales. Cycle projections were down slightly in the…
The market remains in a sloppy uptrend. How long can this mess keep floating upward?
Long term indicators strengthened as the market broke through a key resistance level on Tuesday, headed for an even bigger test at 1300. This report examines the likelihood of another breakout.
Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break.
The market’s mixed performance was accompanied by minimal strengthening in technical indicators, as well as ongoing signs of possible distribution in the cycle screening measures. Key cycles are now in topping areas time wise, but price projections edged higher. Where does that leave the market… and us?