Lee AdlerIs the stock market constructing a space needle pattern on the charts? Cycles remain in gear to the upside for all time frames from 4…
Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day.…
The S&P has now broken through a long term uptrend line that dates from the 2014 peak. All intermediate and short cycles remain in gear…
Oh What a Tangled Web We Weave When First We Update a Spreadsheet from Fed Data I got into a bit of a pickle this…
The 6 month cycle up phase reasserted itself last week. All of the short term cycles up to 13 weeks resychronized with the 6 month…
Friday’s rally appears to support that we’re in the early days of a 6 month cycle up phase. We have been expecting it in this…
The upward path of prices got slammed at midweek, just as the S&P 500 had crossed the centerlines of a couple of channels. The index…
Last week I wrote that the 6 month cycle low setup was forming. Was this rally the beginning of the up phase? While we don’t…
Yesterday I posted the raw output of the daily technical screen I run of some 8700 listed NYSE and Nasdaq stonks. I pre filter for a minimum price of 6 bucks and minimum average volume of a million shares per day over the past 4 weeks. The I apply technical filters looking for short term cycle buy and sell signals near key longer period cycle support ranges. There were 34 results yesterday, all but one on the long side.
28 of those ended with a gain from the opening price. Of course one of the losers was the short. The average gain, including the losers, was 2.2%.
The all important 6 month and 10-12 month cycles are coming into the idealized time window for a low. Whether last week was it is…
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in…
The Treasury is injecting still more cash into the market, on top of the $96 billion it already staged last week. It announced on Tuesday…