If this market makes you feel like tearing your hair out, you are not alone. Rangebound markets can do that. Indicators are conflicting and it’s not clear which way the breakout will be or even when it’s likely to occur. This report reveals the parameters that are likely to mark the trigger a big move.
Tag Archive for Breakout
Professional Edition, Technical Trader
He’s Got the Whole World in his Hands
by Newswires • • 0 Comments
There were more signs on Friday that this rally will be of intermediate duration. A reverse head and shoulders pattern was completed but the breakout was not definitive. Signs point to more strengthening. This report tells what those signs are, but the most important one will come from on high.
Professional Edition, Technical Trader
Market Awaits the Curtain on Bernanke’s Last Act
by Newswires • • 0 Comments
The market stayed stuck in the narrow trading range on Wednesday. The next clear directional signal awaits the breakout from the range currently indicated to be between 1295 and 1335. The intermediate up phase that should be under way has gotten off to a very poor start, and without some reason to move higher from…
Housing, Lee's Free Thinking, Must Read
Housing Prices and Sales Volume Continue Surge in Early June – Dataquick
by Lee Adler • • 1 Comment
Dataquick is now reporting a 7.4% increase in closed sale values for the 30 days ended June 7 versus a year ago. This would represent mostly contracts entered in March. The data released today shows a clear breakout in prices with the median sale price for sales data collected in the 30 days ended June 7…
Liquidity Trader, Professional Edition
Treasuries Vacuuming Up All Available Liquidity
by Lee Adler • • 0 Comments
The Treasury had a light calendar last week. The market faced a big Treasury settlement on Tuesday but from then until the big end of month settlement of new paper, supply pressure wasn’t, and won’t be, a problem. With fear driving waves of capital into the Treasuries, a downside breakout in yields, and an upside…
Professional Edition, Technical Trader
Market Heads for Test and Breakout
by Lee Adler • • 0 Comments
Monday could be a bit rough with payments due for the settlement of $54 billion in new Treasury paper, but the technical signals still point higher.
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Mind Blowing Economic Charts – First Time Claims, The Stock Market, and The Fed
by Lee Adler • • 1 Comment
Improvement in first time unemployment claims is slowing. Actual, not seasonally manipulated data, including an adjustment for the usual weekly upward revision, shows that the year to year rate of change is on the cusp of a possible upside breakout, which would be good news for stock market bears if it happens. Here’s why it’s…
Professional Edition, Technical Trader
Rally Attempt Set for Flameout Or Breakout
by Lee Adler • • 0 Comments
The market ran into a line of resistance and pulled back. Broad market indicators were mixed and inconclusive but cycle screening measures continued to build on strength.
Gold and Mining Stocks Trader, Latest Business Headlines, Lee's Free Thinking, Professional Edition
After Knocking On Breakout Door, Gold Finds No One Home
by Lee Adler • • 0 Comments
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized chart…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Was That It?
by Pretzel Logic • • 0 Comments
For several weeks, I’ve been talking about the Fib zone at 1376-1378 and how I felt that could act as a magnet for the rally. Yesterday, the SPX hit 1378.04 and reversed. Could it really have been that simple all along? …
