A wild and crazy week ended with the SPX and Dow breaking out of triangle patterns, but the QQQ stopped at the upper trendline of a similar pattern. Triangle breakouts often lead to explosive moves, but will this one. This report describes the parameters to watch for.
Tag Archive for Chart Updates
Professional Edition, Technical Trader
Now it’s the bears turn to tear their hair out
by Newswires • • 0 Comments
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.
Professional Edition, Technical Trader
The Times They Are A Changin’
by Lee Adler • • 0 Comments
This market is doing some very unusual things technically speaking, and that’s extremely troubling.
Professional Edition, Technical Trader
Inconclusive Is as Indecisive Does
by Lee Adler • • 0 Comments
The market has painted an inconclusive technical picture over the past 3 days. That reflects investor indecisiveness and indecision, and it’s usually associated with the development of rangebound markets. This article presents the parameters that will signal a change in the pattern.
Professional Edition, Technical Trader
Market Perfectly Positioned For Big Move on Eve of Bernanke Dog and Pony Circus
by Newswires • • 0 Comments
The market is perfectly positioned for a big move as Ben takes center stage on Wednesday. New 6 month cycle buy signals on cycle screening measures are getting to a level suggestive of a new up phase, but they do not yet indicate a strong thrust that would have residual momentum after the initial upturn.…
Professional Edition, Technical Trader
A Cynic Might Say The Fed Has Told Certain Well Connected Trading Firms That More QE Is On The Way
by Newswires • • 0 Comments
Technical indicators continue to tilt toward confirming that a 6 month cycle low is behind us. A cynic might believe that certain big money players with a big time former executive at the helm of the NY Fed might have an inside track on what the Fed’s decision will be on Wednesday, and that that…
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
Bulls Rejuvenated, Attack Wall of Supply. To The Victor Go The Spoils
by Lee Adler • • 0 Comments
The late fireworks kept most cycle indicators positive. The 13 week cycle up phase remains in force with the only question being whether it stalls out and remains sideways, or breaks out. This report tells where the bears’ Maginot Line is, and what’s likely to happen if it’s breached.
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…
Professional Edition, Technical Trader
Market Locked in Range Needs An Igniter
by Newswires • • 0 Comments
The market is trading in an indecisive pattern, waiting for some impetus for the new 13 week cycle up phase that’s having trouble getting any thrust.
