The S&P has now broken through a long term uptrend line that dates from the 2014 peak.
All intermediate and short cycles remain in gear to the upside. There are updated projections on the 13 week cycle and 10-12 month cycle. They are eyepopping for bulls, and eye watering for bears.
The third rail chart is in a meltup. This report shows you its parameters.
Cycle screening measures continue to confirm the uptrend. They show no sign of reversal.
The chart pick list had an average gain of 3.3% with an average holding period of 11 calendar days (1.6 weeks) last week. I have adjusted trailing stop takeout prices for this week.
The current screen from charts as of April 9, had 41 total signals with 17 bullish signals against 24 bearish signals. I chose 4 of the buys to add to the chart picks this week.
Technical Trader subscribers click here to download the report.
Not a subscriber? Follow Lee’s market analysis and outlook, with price and time targets, and weekly swing trade chart picks, risk free for 90 days!
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.
