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Author: Lee Adler

Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks

Lee Adler

Primary Dealers remain net short the bond market, considering both their securities portfolios and futures hedges. That’s a problem, considering not only what’s going on right now, but what has been going on for the past 3 months. Non-subscribers, click here for access.

Subscribers, click here to download the report.

Here’s what this means for stocks and bonds, and what you should do about it.  Non-subscribers, click here for access.

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Stars Suddenly Align for Gold

Lee Adler

Gold is in a 9-12 month cycle down phase that isn’t going down, which is a bullish sign for the longer term.  It has re-emerged from the base from which it broke out in mid July. If this holds, it confirms the implied target of xxxx. The 13-week cycle has shifted back into an up phase with a projection of xxxx ideally due no sooner than xxxxxx xx. Short-term cycles have also turned up, with highs due no sooner than xxx xxxxxx. I have added new mining picks to swing. Non-subscribers click here for access.

Subscribers, click here to download the report.

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Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gate keeper are blocking Liquiditytrader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!” THANK YOU FOR YOUR SUPPORT!

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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Swing Trade Screen Picks – Letting It Ride

Lee Adler

Several picks got stopped out last week. I am letting the rest ride, with added stops.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

The strategy and tactics opinions expressed in this report illustrate one particular approach to trading. No representation is made that it is the best approach, or even suitable for any particular investor. This is a developmental and experimental exercise, for the purpose of providing experienced chart traders with ideas and concepts to use or not use as they see fit.

Nothing in this report is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical.

This public report is not the full report.  Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports.  Non-subscribers click here for access.

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

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Topping on the Cake

Lee Adler

But bears shouldn’t get too excited yet. Here’s why. Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

_______________________________________

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. 

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Gold Breakout Failure Signals Big Trouble

Lee Adler

Gold has pulled back into the base from which it broke out two weeks ago. This cancels the implied target of xxxx-xxxx. All cycles now appear to be in gear to the downside, but with short-term cycle lows due at any time between xxxx and xxxx. The projections are xxxx xxxx xxxx. Non-subscribers click here for access.

Subscribers, click here to download the report.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gate keeper are blocking Liquiditytrader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!” THANK YOU FOR YOUR SUPPORT!

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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End Stage Hysteria Breaks

Lee Adler

Last week we saw that the price to liquidity ratio measures suggested that the rally was in its end stage. The most recent data gives additional support to that idea, with those indicators touching upper trend limits in the week ended July 17. Under the circumstances, market action this week looks like not just a pullback, but more likely, xxxx xxxx xxxxxxxx xxxxxxx xxxxxxx.  Non-subscribers, click here for access. 

Subscribers, click here to download the report.

As a result, my focus would be on xxxxxxxxxxxx   xxxxxxxxxx xxxxxxxxxx. Non-subscribers, click here for access. 

The bond market has rallied in July, contrary to my thinking that massive supply would hurt the bond market. The source of the money to support this isn’t clear, but deduction would say that it’s leverage, particularly repo. But repo outstanding has been rangebound. If it subsequently breaks down, that should be a sign xxxxxxxxx xxxxxxxxx xxxxxxxxxxx again. Short-term bills continue to look like xxxxxxxxxxxxx xxxxxxxx xxxxxxxxx Non-subscribers, click here for access. 

This report shows and explains the critical indicators that you need to follow to stay on top of the market as it tops out. Non-subscribers, click here for access.

Subscription Plans

KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

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Swing Trade Screen Picks – Short-term Cancer Culture

Lee Adler

On Friday, 154 short term buy signals and 743 short-term sell signals triggered, out of the 1484 stocks that met minimum price and volume criteria. However, after applying long term structure filters there were 34 buys and just 13 sells. The selloff so far looks to have only short-term implications. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

The strategy and tactics opinions expressed in this report illustrate one particular approach to trading. No representation is made that it is the best approach, or even suitable for any particular investor. This is a developmental and experimental exercise, for the purpose of providing experienced chart traders with ideas and concepts to use or not use as they see fit.

Nothing in this report is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical.

This public report is not the full report.  Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports.  Non-subscribers click here for access.

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

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Politics and Markets Make Strange Bedfellows

Lee Adler

Joe will go, but the market won’t go with him. Political events, no matter how much of a watershed they represent, do to cause trend change. Reactions to those events are very short-term, and the market usually returns to the cyclical patterns that were developing before the event, within a few days. That will happen here.  Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Meanwhile, cycle indicators say that the market won’t go much lower here and that a higher high is still in the offing down the road. Maybe not as high as before, but higher. Here’s when and where to expect both the next top, and a longer term top. Non subscribers click here to access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

_______________________________________

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. 

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The Sky’s the Limit

Lee Adler

The only thing keeping the market afloat is the willingness of big market participants to take on leverage to continue buying stocks and bonds. Increasingly prodigious amounts of T-bill supply are not pressuring prices as I had forecast back in ancient times, maybe 3 months ago, that they would and should have. Instead, they have become the basis for taking on more debt via repo and margin, and using it to buy other assets such as Treasuries and stocks. Non-subscribers, click here for access. 

Subscribers, click here to download the report.

As a result, I have been suggesting to hold on to longs for the time being, and hold off on shorting. However, the market’s pricing is now so extended versus base liquidity, aka money, that we have to wonder where the limit is? Is it here, or is it the sky? Non-subscribers, click here for access. 

The trend is still in place and there’s no indication yet that it is beginning to turn. On the other hand, there are indications that price to liquidity ratios are at or near extreme trend limits. They’ve been at other apparent limits before and gone through them, as the movement increasingly moves toward the vertical. They’re so vertical now that it looks “end-stagey” to me, but that’s just a gut reaction born of 56 years of observing markets, not an empirical judgment. We need more. Non-subscribers, click here for access. 

It will come down when the weight of higher prices becomes too much to absorb. All we can do is closely watch the price measures via technical analysis, and apply basic TA to price/liquidity sentiment measures, looking for the first signs of a change of direction. Given the fragility of the current structure, I suspect that the turn could be faster than usual. I would want to react quickly at the first sign of a turn. In other words, sell first and ask questions later. Non-subscribers, click here for access. 

This report shows and explains the critical indicators that you need to follow to stay on top of the market as it tops out. Non-subscribers, click here for access. 

 

Subscription Plans

KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

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Gold Takes the High Road

Lee Adler

Gold chose the high base option. With the breakout, the initial target is xxxx. The cycle chart indicates potential resistance at xxxx with room to run to xxxx over the next month, if the first line is cleared. The 9-12 month cycle projection has risen to xxxx, with no projected top date due to that cycle being in trending mode. Shorter term projections point to xxxx-xxxx. I have added another pick to the mining stocks swing trade pick list. Non-subscribers click here for access.

Subscribers, click here to download the report.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gate keeper are blocking Liquiditytrader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!” THANK YOU FOR YOUR SUPPORT!

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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