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.…
Tag Archive for Momentum
Charts, Economics, Lee's Free Thinking, Must Read
Initial Claims Improved over Last Year, But Weakening Momentum is a Yellow Flag
by Lee Adler • • 0 Comments
This post is an update excerpt of the permanent page of Employment Charts, which is updated regularly whenever new data is released. Bookmark that page for future reference. This week’s data on first time unemployment claims was slightly weaker, but not terrible. The gross numbers are still a big improvement over last year, but the…
Facebook News
Facebook disaster scaring off other IPOs – VatorNews
by Newswires • • 0 Comments
The GuardianFacebook disaster scaring off other IPOsVatorNewsAs Facebook's IPO approached, it appeared that other online companies would be using Facebook's momentum to cash in on all the money that was sure to start flowing. There was real exc…
Latest Business Headlines
FOMC eases position on QE3 | HousingWire
by Newswires • • 0 Comments
Members of the Federal Open Market Committee said at its latest meeting the U.S. remained on a path of moderate economic growth, though members seemed more willing to introduce another round of easing if the economy sputters. Minutes released Wednesday from the April 24-25 meeting signaled a committee mostly positive about the U.S. economy. Many…
Latest Business Headlines
Several on FOMC Said Easing May Be Needed on Faltering – Bloomberg
by Newswires • • 0 Comments
Business InsiderSeveral on FOMC Said Easing May Be Needed on FalteringBloombergSeveral Federal Reserve policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery on …
Latest Business Headlines
US creates 115000 jobs in April – Financial Times
by Newswires • • 0 Comments
wekuUS creates 115000 jobs in AprilFinancial TimesBy Robin Harding in Washington The US created only 115000 jobs in April, well below expectations of 162000, a disappointing number that will add to fears that the economic recovery has lost some momentu…
Professional Edition, Technical Trader
Market Nickel and Diming To Death
by Lee Adler • • 0 Comments
The market suddenly seems to be walking along on the edge of a cliff technically. One false move and it feels like it could fall over the edge. Short term, a 4 week cycle down phase seems to have started, and the 6-7 week cycle could join in. The big question is whether there’s enough…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and NDX Updates: So Far, So Good…
by Pretzel Logic • • 0 Comments
Yesterday performed perfectly in accordance with the expectations of the preferred count, which needed the market to show some upwards momentum. That’s exactly what we got, and it’s always tempting to be lulled into a sense of complacency when th…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: That About Sums It Up…
by Pretzel Logic • • 0 Comments
Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati…
Lee's Free Thinking, Professional Edition, Technical Trader
Powerful Forces Want The Market Higher But Momentum Is Shifting
by Lee Adler • • 0 Comments
More indicators are edging to the sell side and the market is flirting with a break of major support. If it breaks, there’s a 60 point air pocket below but there are powerful forces at work that want to see higher prices.
