Lee AdlerGold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
This Friday’s screens had 27 buy signals and 3 sell signals. This indicates no thrust for the market as a whole. But it shows even…
A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.
Primary dealers have offset their losses of last August through February in the recent rally, and they have reduced their net long exposure somewhat since their highest levels of a year ago.
It’s too soon to tell if this is repair or consolidation, but the risks are high, and the downside targets remain in place for now.…
Open picks ended the week with an average gain of 1.9% on an average holding period of 12 calendar days. This Friday’s screens had a…
Treasuries have sold off on the strong, surprise jobs report last week.
At the same time, there’s been an equally important, but less well known surprise. The Treasury has maintained an increased pace of T-bill paydowns in the first third of August, despite the re-imposed debt ceiling.
That’s a short term bullish factor for bonds
A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.
The scary part of this week is the premature failure of the 13 week cycle up phase. It confirms the down phases in bigger cycles…
The limited number of open picks managed a slight positive last week as the market edged to a new high by a hair. There were…
A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.
Wall Street wiseguys and the mouthpieces of the Mob @CNBC and @WSJ don’t know it yet, but the US economy went over a cliff in the last two weeks. They don’t know because they’re not tracking the real time Federal tax collection data like we are. And that data shows us that’s what happened.