Some of the sector charts that were looking as though they were starting an intermediate up phase suddenly don’t look so hot. As for the market, the 13 week cycle up phase has gotten off to a terrible start. This report explores that means for the overall outlook.
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Professional Edition, Technical Trader
Market Puts Half A Nail in Temporary Bear Coffin
by Newswires • • 0 Comments
Bulls put half a nail in the temporary bear coffin on Friday (temporary coffin- huh?). It looks as though a 13 week and 6 month cycle bottom has formed, but there are big question marks, not the least of which are how strong the up phase will be and even whether this turn is for…
Professional Edition, Technical Trader
Bulls Need Follow Through Now
by Lee Adler • • 0 Comments
Time factors continue to argue for an intermediate up phase and most technical measures are haltingly agreeing.
Professional Edition, Technical Trader
Market Reverses But Gives Little Evidence of Sustainability
by Newswires • • 0 Comments
The market sent a bunch of signals on Wednesday that said the 13 week cycle low was in, but it’s easy to cross a trading range, and another thing to break out.
Professional Edition, Technical Trader
Bulls Try to Turn It, But Do They Have The Stuff?
by Newswires • • 0 Comments
Support levels have held, and time counts suggest that an intermediate low is due. Downside projections have been reached. The only things missing are indicator buy signals and breakouts through the 1290-1300 resistance band.
Professional Edition, Technical Trader
Dicey Situation
by Lee Adler • • 0 Comments
The cycle screens did not confirm yesterday’s rally. The 6 month cycle projection has been reached, but the 13 week cycle projection has dropped to 1245, with a low ideally due now. There are no buy signals yet. The short term indicators are still mostly on the sell side, with some ambiguity. This report illustrates…
Professional Edition, Technical Trader
Market Hanging By A Thread, or Not
by Lee Adler • • 5 Comments
The market broke major support on Friday and is now hanging by a thread, the thread being the possibility that the break was just a final shakeout of an oversold 13 week cycle low. Any downside follow through on Monday would suggest that the 6-7 week cycle is dominant, and may be headed below the…
Professional Edition, Technical Trader
Problematic Premarket Pullback Puts Positive Prospects In Peril
by Newswires • • 0 Comments
From the premarket action this morning, it’s as if yesterday’s rally did not happen. A drop back below 1323 would be problematic for the bullish short term view. However, the market would need to recover only some of this overnight loss to keep the recent short term buy signals in force, and probably give confirmation…
Professional Edition, Technical Trader
Major, Gargantuan, Huge Inflection Point of Biblical Proportions for Stocks Could Be An Understatement
by Lee Adler • • 0 Comments
And then again it might not, but it’s clearly an important one, with a lot riding on what happens this week. This report gives the particulars.
Professional Edition, Technical Trader
Market Not Out of the Woods But No Sign of Fire
by Newswires • • 0 Comments
The market has done just enough to stay above major support over the past few days but it hasn’t created much of a safety cushion (or whoopee cushion) and it still faces several layers of resistance. Here’s how the indicators look.
