Entering text into the input field will update the search result below

Stock Market Short-Term Cycle Approaches Critical Juncture

Jul. 02, 2013 12:32 AM ETSPY, DIA, QQQ
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Early last week, our cycle analysis identified the potential development of a short-term low in the stock market. On Wednesday, a cycle low signal was generated, confirming that the beta low (BL) of the current short-term cycle formed on June 24.

The rebound off of the BL has struggled to advance during the last three sessions and the break below support at the lower boundary of the uptrend from November continues to signal caution from a short-term perspective.

The recent deterioration in stock market internals indicates that the long overdue cyclical top could form at any time. The current short-term cycle has reached a potential inflection point and price behavior during the next several sessions could have a significant impact on the long-term outlook, so it will be important to monitor the development of this cycle closely.

We will identify the key developments as they occur in our daily market forecasts and signal notifications available to subscribers. Try our service for free.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.