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Category: 2 – Advanced Cycle Analytics

Lee Adler’s proprietary cycle analysis with multi timeframe market trend and cycle forecasts   

Technical Trader Weekly – S&P at the Edge – Key Inflection Between Recovery and Breakdown

Seeing the pre-market rebound this morning, I have to admit this is one of the toughest calls I’ve faced. Did Friday’s Trump-triggered selloff truly break the market—or not? At this point, I can’t say with confidence. Based strictly on Friday’s price and indicator patterns, the uptrend was broken. But today’s early recovery could still repair the damage if it carries just a few points higher from the current 6644 level. As Europe opened around 3 AM NY time, the S&P was already testing 6660—the threshold I identified as critical to re-establish the uptrend.

For now, we wait to see how the session resolves. Ideally, that clarity comes today. 

Swing Trade Screen Picks and Results – Pruning, Protecting Profits, No New Picks

Picks open as of the October close, or closed last week, showed an average gain of 11.6%, up from 7.5% the previous week, with an average holding period of 30 calendar days, up from 24, the previous week. Past performance does not indicate future results. 

Buy setups were again predominant. Setups are not guarantees. They are valid only when short-term signals follow. Therefore, the next screening layer looks for short-term trigger signals from within the stocks that have met the setup criteria.

On that basis, the results this week are as follows:

Technical Trader Weekly – Uptrend Remains Firm Across Cycles, with Higher Projections

Market averages continue to respect their long- and intermediate-term uptrend channels, with momentum and cycle indicators still aligned xxxxxxx. There is no evidence yet of a completed top or imminent reversal. Momentum across major cycles supports continuation of the equity uptrend into xxxx xxxx, with targets extending toward xxxx on SPX.

Swing Trade Screen Picks and Results – Maintaining Gains, 4 New Picks, Mostly Buys

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.

Swing Trade Screen Picks and Results – Maintaining Gains, 4 New Picks, Mostly Buys

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

Cyclical Structures and Projections Show Where This Market is Headed

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.