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…
Tag Archive for Cusp
Charts and Trading, Day Trading, Latest Business Headlines
Bears Grab For Control of Tape
by Lee Adler • • 1 Comment
The SP futures (or ES electronic mini S&P) have been in a slow downward drift after making a double top coincident with the open of European trading, versus a pivot high earlier last night. The Spoos dropped below the 2 and 5 day cycle centerlines, both moving sideways at about 1339 and 1337 respectively, but…
Charts and Trading, Day Trading, Latest Business Headlines
Market Indecisive In Early Going, So Where To Now?
by Lee Adler • • 0 Comments
Well this is different. The market opened slightly weak after the S&P futures had a tiny pullback in the pre market. The 2 day cycle oscillators on SPX cash had been on the sell side since mid day yesterday, and are now on the cusp of either continuing down from around the neutral zone, which…
Charts and Trading, Day Trading, Latest Business Headlines, Technical Analysis
Bulls Poised For More Today
by Lee Adler • • 5 Comments
SPX (cash) had a late surge on Friday pushing the 2 day cycle projection to around 1317. 2 day cycle oscillators had been on the buy side since mid day. Resistance was indicated at the 5 day cycle centerline at 1315.50 and the 8 day cycle centerline at 1316.50. With a move above those levels,…
Charts and Trading, Day Trading, Latest Business Headlines
Mixmaster Market
by Lee Adler • • 2 Comments
SPX (cash) opened weaker, falling below the 8 day cycle centerline, but is since has recovered above that line. The 2 day cycle projection of 1290 was almost hit in the opening moments. 5 day cycle indicators are on the cusp of sell signals, but the 2 day cycle is opposed, with the indicators on…
Charts and Trading, Day Trading, Latest Business Headlines, Lee's Free Thinking, Technical Analysis
Market Sitting On The Dime
by Lee Adler • • 0 Comments
At the close of the NY cash market yesterday, 2, 5, and 8 day cycle oscillators were on the sell side, but initial downside projections around 1265 were reached on an implied basis shortly after the close. However, if the SPX does not recover above 1267 in the early going, it looks vulnerable initially to…
Charts and Trading, Day Trading, Latest Business Headlines, Lee's Free Thinking, Technical Analysis
Window Dressing and Tons of Euro Cash Send SP Futures Higher
by Lee Adler • • 0 Comments
The levels have changed since my last post on Tuesday, but as they say, “Patterns is patterns and cycles is cycles.” At the end of the year throw in a little window dressing to spice things up, and maybe a little red pepper with a half trillion Euro money pumping operation by the ECB. As…
Charts and Trading, Day Trading, Latest Business Headlines, Technical Analysis
Mid Day Market Update 12/15/11
by Lee Adler • • 0 Comments
SP futures may be forming a 2 day cycle top. The indicators for that cycle are on the cusp of sell signals, although a second wind cannot be ruled out until the actually turn down. The key level looks like 1209, which is where the 2 day cycle centerline currently is. If that breaks, the…
Day Trading, Technical Analysis
Market Opening Outlook 11/17/11
by Lee Adler • • 0 Comments
The manipulation that’s the dominant feature of scam week (opex) trading typically rips cycle patterns to shreds, and this week has been no exception, but we do the best we can to identify support and resistance and likely turning or breakout points. Yesterday the 2 day cycle projection on the cash SPX at the close…
Charts, Economics, Email Bulletins Archive
Durable Goods Devil In The Details And The Big Picture
by Lee Adler • • 1 Comment
“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the seasonally adjusted, massaged, and manipulated number, which bears no semblance to reality. The mainstream media always reports just the seasonal hocus pocus while ignoring the actual number. That actual number…
