Lee AdlerSubscribers: Download the full report here The screening method is geared to swings of 3-4 weeks. The screens generated nothing of interest this week, with…
The market remains rangebound and directionally uncertain. Key indexes are stalled at well-defined resistance levels while multiple cycle measures show waning upside momentum without confirming a breakdown. Signals point to continued churning unless resistance is decisively cleared or support is broken.
Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next breakout.
The Fed announced it will buy $40 billion per month in T-bills under something it calls “reserve management purchases.”
This is QE in function and effect. The reserve requirement is zero; therefore “reserves” is a deliberate misnomer and obfuscation. The operational mechanics of “reserve management purchases” are identical to prior QE programs.
Short term cycles are due to consolidate while intermediate cycles remain in up phases. Projections now point to xxxx in the short run, and xxxx in Q1 of 2026. The price would need to end this week below xxxx, or below xxxx at year end to break the uptrend.
Technical Trader subscribers click here to download the full report. The market is still in a position to break higher, even though momentum has been…
Last week’s short picks all whipsawed. The method suffers in a rangebound market with high frequency reversals, but still beats the market over the average holding period.
The latest budget and liquidity data suggest a generally stable backdrop, yet several underlying indicators point to potential early-stage warnings that merit close attention.
All cycles suddenly aligned to the upside last week. Projections now point to xxxx-xxxx in the short run, and xxxx-xxxx in Qx of 2026.
Last week’s short picks all whipsawed. The method suffers in a rangebound market with high frequency reversals, but still beats the market over the average holding period.
The market has entered a highly uncertain setup with mixed indications. The most likely outcome is for the trading range to continue for several months with frequent whipsaws. There are few indications that……..
The market and economy are always fundamentally on a dual track driven by money. Currently, Treasury debt driven money creation has stretched this dynamic, pushing P/E valuations to an extreme 31x, and the ratios of stock prices to money measures to unprecedented extremes as well.
The market retraced into clustered support but preserved its broader uptrend. Multiple intermediate cycles slipped into down phases, although none have broken long-term rising channels. Short-term cycles remain out of sync and imply continued churning. Early-week action is pivotal because several indicators sit directly on inflection points where failure would trigger deeper declines, while a modest continuation of Friday’s rebound could generate short-term buy signals.
Here are the support and resistance levels, cycle projections, and indicators to watch.