Lee AdlerThis Friday’s screens had 15 buys and 9 sells. That compares with the previous Friday’s 50 buys and 16 sells, a solid precursor to last week’s rally.
Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
As of Friday, the average gain of open picks and those closed last week was +8.1% with an average holding period of 18 days. This was a strong performance compared to recent weeks, especially so given the rotten market action. The list was on the right side of that.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
This Friday’s screens had 26 buys and 136 sells. 9 of the buys were inverse ETFs, meaning that only 17 of the signals were bullish and 145 were bearish. This is a big number that indicates downside thrust, but it can also mean that it’s time for a minor bounce first.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
This Friday’s screens had 19 buys and 53 sells. 2 of those were inverse bond funds so we can ignore that. 51 sells is still a big enough number on the sell side to make me sit up and pay attention.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 29 buys and 30 sells. It compares with 68 buys and…
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 68 buys and 22 sells, which is far more signals than…
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.