Lee AdlerGood morning and Happy Holidays! I want to wish you and your family a Merry Christmas, Happy New Year, and Happy Holidays for whatever you…
The chart patterns “look” bullish to this old observer, but there’s absolutely nothing in the cycle structures or projections to suggest that a breakout is imminent or even likely. The market is tapping the top of its range, but it needs to prove that it will break out by doing so. If it does, then it has room to run to the 7200 range within weeks. If it doesn’t, there mere glimmers of a top, but again, proof of bear requires a big bite to the downside.
Subscribers: Download the full report here The screens generated multiple buy side setups this week but the majority were biotech, which are not reliable in…
Subscribers: Download the full report here The screening method is geared to swings of 3-4 weeks. The screens generated nothing of interest this week, with…
The market remains rangebound and directionally uncertain. Key indexes are stalled at well-defined resistance levels while multiple cycle measures show waning upside momentum without confirming a breakdown. Signals point to continued churning unless resistance is decisively cleared or support is broken.
Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next breakout.
Technical Trader subscribers click here to download the full report. The market is still in a position to break higher, even though momentum has been…
Last week’s short picks all whipsawed. The method suffers in a rangebound market with high frequency reversals, but still beats the market over the average holding period.
Last week’s short picks all whipsawed. The method suffers in a rangebound market with high frequency reversals, but still beats the market over the average holding period.
The market has entered a highly uncertain setup with mixed indications. The most likely outcome is for the trading range to continue for several months with frequent whipsaws. There are few indications that……..
The market retraced into clustered support but preserved its broader uptrend. Multiple intermediate cycles slipped into down phases, although none have broken long-term rising channels. Short-term cycles remain out of sync and imply continued churning. Early-week action is pivotal because several indicators sit directly on inflection points where failure would trigger deeper declines, while a modest continuation of Friday’s rebound could generate short-term buy signals.
Here are the support and resistance levels, cycle projections, and indicators to watch.
Subscribers: Download the full report here Given the market action this week, and the fact that the list has been poorly positioned, I am accelerating…
Subscribers: Download the full report here All of those buy side picks last week produced half a crop of losers, but performance for the month…