Category: 2 – Advanced Cycle Analytics

During the week ended Thursday, August 7, out of 1724 stocks meeting institutional price and volume criteria:

Setups:

259 met major or intermediate trend buy setup criteria, of which 91 triggered short term. But virtually all of these were at the beginning of the weekly period. Few were at low risk entry points by yesterday. 

343 met major or intermediate trend sell setup criteria, of which just 1 triggered short term.

Table of picks and charts in subscriber report.

During the week ended Thursday, July 31, out of 1650 stocks meeting institutional price and volume criteria:

Setups:

68 met major or intermediate trend buy setup criteria.

175 met major or intermediate trend sell setup criteria.

Screen results this week finally reversed the recent string of small losses as I continued to utilize weekly charts and signals to select picks, as opposed to using triggers from only the most recent day.

Despite new short-term highs, the S&P’s rally remains precarious and thin. Divergences across indices, failing cycle thrust, and deteriorating cycle breadth indicate a market under internal stress. The market has arrived at the precipice of the liquidity cliff.

Short-term cycle corrective phases have begun just as the market approaches critical resistance. Sell signals are multiplying. The uptrend remains intact — but it may not survive another bad day or two.

The S&P 500’s vertical meltup paused at a key regression channel centerline, as Monday’s downtick now threatens to become a reversal.  Short-term cycles are peaking, the six-month cycle remains on a sell signal, and long-term projections face major internal conflict. The Cycle Wave Composite has reached levels that marked previous tops. Breadth is weakening. If xxxx breaks, it would confirm a major top.

Here are the specifics on what you need to know and to look for.