Lee AdlerThis is a special bulletin for Technical Trader subscribers.
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And there’s no reason to conclude that the uptrend is broken…
Yet.
Technical Trader subscribers, click here to download the report.
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The overnight market got hit with more Coronabear virus worries. It gave the dealers another opportunity to load up their long inventories. You know what happens next.
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The market held at support and immediately rebounded to the top of the trading range and a bit more last week. But trend resistance lines around 3350 were not violated. A failure to penetrate that area would leave the market vulnerable to a decline back to the bottom of the range around 3215.
I have suggested a trade that would profit hugely from that scenario, if it plays out, of course.
Technical Trader subscribers, click here to download the report.
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I just discovered today that Liquidity Traders email system had malfunctioned and had stopped sending notifications to you last week. All posts were available here onsite, but you may have missed one over the last few days if you have not visited the site.
The emails are now sending again and you should be notified instantly when a new post is published.
I apologize for the inconvenience! My apologies as well if you have recieved multiple emails in the past few minutes as we cleared the block. Thanks for your patience and support!
Lee
In addition to the problems with the email server, I made an embarrassing error in this report. The body was updated with current data, but I neglected to overwrite last week’s executive summary on the first page. The result was obviously confusing. Thanks to a couple of subscibers who pointed this out, I have updated the report to include the correct executive summary as originally written. Note that the body of the report as originally posted, including the charts, was current.
I apologize for the error!
There’s a lot of that infuriating, “On the one hand–On the other hand,” stuff in today’s report. On the one hand, I hate when that happens. On the other hand, it is what it is.
But the good thing is that there are clear parameters that should tell us what to expect as the week begins.
Technical Trader subscribers, click here to download the report.
90 Days Risk Free If You Join Now!
Try Lee Adler’s Technical Trader risk free for 90 days! 90 day money back guarantee applies from the intial signup date. This offer is for first time subscribers only.
There’s a lot of that infuriating, “On the one hand–On the other hand,” stuff in today’s report. On the one hand, I hate when that happens. On the other hand, it is what it is.
But the good thing is that there are clear parameters that should tell us what to expect as the week begins.
Technical Trader subscribers, click here to download the report.
90 Days Risk Free If You Join Now!
Try Lee Adler’s Technical Trader risk free for 90 days! 90 day money back guarantee applies from the intial signup date. This offer is for first time subscribers only.
The 6 month cycle has probably topped out but long term charts tell us to maintain perspective. Here’s what comes next.
Technical Trader subscribers, click here to download the report.
90 Days Risk Free If You Join Now!
Try Lee Adler’s Technical Trader risk free for 90 days! 90 day money back guarantee applies from the intial signup date. This offer is for first time subscribers only.
When the Fed pumps $100 billion per month into Primary Dealer trading accounts, we’re not dealing with a level playing field. The Fed has sharply tilted that playing field to the upside. Under the circumstances, meltups become the norm. A whole lot of people fail to understand that and fight the Fed and the tape all the way.
And so it is today. I failed to roll up long SPY call trades last week, not because I thought the market would go down, but because I thought it wouldn’t go up fast enough in the short run.
I was wrong. It’s psychologically difficult to be bullish enough. It’s not enough to be bullish. If you’re not wildly bullish, you’re wrong. The Fed has created a crazy funhouse, and we must view the market in that context.
Here’s how the current funhouse tableau looks from that perspective, with a specific tip on how to trade it.
Technical Trader subscribers, click here to download the report.
90 Days Risk Free If You Join Now!
Try Lee Adler’s Technical Trader risk free for 90 days! 90 day money back guarantee applies from the intial signup date. This offer is for first time subscribers only.
If the glove don’t fit, you must not commit.
Technical Trader subscribers, click here to download the report.
90 Days Risk Free If You Join Now!
Try Lee Adler’s Technical Trader risk free for 90 days! 90 day money back guarantee applies from the intial signup date. This offer is for first time subscribers only.
