Category: 2 – Advanced Cycle Analytics

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. 

The list will be 100% short this week. There are 3 new picks, all shorts.