Buy setups were again predominant despite last week’s pullback. I am adding 1 new buy side pick this week and adding stops to 4 existing picks, plus a limit sell on another. Current performance is an average gain of 7.5% on an average holding period of 24 calendar days. Past performance does not indicate future results.
Table of picks and charts in subscriber report.
The market remains in established uptrend channels. Longer-term cycles continue to project higher, with a projection of xxxx on the 10-12 month cycle, while short-term corrections look mild. Breadth is narrow, but no decisive breakdown signals are evident.
Picks open as of the September 19 close, showed an average gain of 12%, down from 12.4% the previous week, with an average holding period of 27 calendar days. 8 of the 10 picks had gains.
Trade Selections and Adjustments
4 new picks, 3 longs and 1 short
Closing 1 pick, adding 1 limit sell
9 prior picks will remain open this week
3 with stops
The S&P 500 remains within powerful uptrend structures, with cycle projections aligned higher into year-end. Key resistance levels are near, but momentum and long-term cycle signals continue to favor the upside. The 10-12 month cycle projects to xxxx in xxxxxxx.
Long term and intermediate term buy setups were again predominant. Picks open as of the September 12 close, showed an average gain of 12.4%, down from 13.5% the previous week, with an average holding period of 28 calendar days. 7 of the 8 had gains. This week 2 new buys and 1 short will be added to the list. There are no new deletions.
The S&P 500 is testing critical resistance near 6600, with regression channels, long-term cycles, and short-term structures all pointing to potential acceleration toward XXXX into Xxxxx and XXXX into Xxxxxx.
Long term and intermediate term buy setups were again predominant, while sell side setups increased. Picks open as of the September 8 close, showed an average gain of 13.5%, up from 4.8% the previous week, with an average holding period of 31 calendar days. 5 of the 6 had gains.
The S&P 500 continues to grind higher, with resistance zones just overhead and cycle structures still pointing to the possibility of a blowoff toward xxxx. Cycle interactions suggest rangebound conditions in the short run, but the longer-term backdrop remains biased to the upside. This report includes the quarterly update of long term cycle projections. They don’t look good for bears.
The S&P is testing critical support at 6400 this morning as cycles remain mixed. Long-term signals are still bullish, but cyclical breadth weakness and narrow leadership continued the warning last week that the uptrend was narrow and fragile.
Long term and intermediate term buy setups were again predominant, and about 40% of those met short-term trigger criteria. There were three times as many buy setups as sells. Only 3 of the sell side setups triggered short-term sell signals.
Long term and intermediate term buy setups were again predominant, and about 40% of those met short-term trigger criteria. There were three times as many buy setups as sells. Only 3 of the sell side setups triggered short-term sell signals.
The S&P 500 has formed a well-defined pennant, with breakout direction set to determine the next major swing. Cycle projections point to xxxx short-term, and ultimately to xxxx later this year. Cycle indicators suggest that the direction will be xxxx.
Lee Adler