Stock Trading Signals; Transports Fulfill Projected Feb. 19 – 22 Peak… Should Correct into March 4 – 8… Overall Advance into late-April/early-May Likely.
Stock Trading Signals; Transports Fulfill Projected Feb. 19 – 22 Peak… Should Correct into March 4 – 8… Overall Advance into late-April/early-May Likely.
02/27/19 Weekly Re-Lay Alert: “Stock Indices remain in intermediate uptrends but are showing signs that a multi-week top could be taking hold. This is occurring after all three indexes have met their 1 – 2 month upside targets…
At the same time, the DJ Transports – the one index that has repeatedly led all the other ones, including the Nasdaq 100 – are fulfilling the latest phase of a ~12 week high-high-high-(high) Cycle Progression – coming into play on Feb. 22 – March 1. That also aligns with a 180-degree/6-month move from the late-Aug. ’18 highs in the Nasdaq and in related stocks.
A related 78 – 83 day low (Apr. 6) – low (Jun. 28) – high (Sept. 14) – high (Dec. 3) – high (Feb. 19 – 22) Cycle Progression projected an intermediate DJTA peak for last week, when it set its intraday high while completing a 50% rebound in time.
The Transportation Average is initially validating this cycle high, which projects some focus to the next phase. The intriguing aspect of that (a potential future cycle high in early-May) is that it would also perpetuate an over-arching 34 – 35-week low (Sept. 12 – 16, ‘16) – low (May 15 – 19, ’17) – high (Jan. 15 – 19, ’18) – high (Sept. 10 – 14, ’18) – high (May 6 – 17, ‘19) Cycle Progression.
That is the equivalent of the ~8-month cycle that helped pinpoint the late-Jan. ’18 and late-Sept. ’18 peaks in so many indexes, projecting sharp declines following each of those peaks.
Although there is not a great deal of corroborating factors (synergy) yet, there is one corresponding cyclic scenario I am also monitoring… [reserved for subscribers]…”
Stocks remain positive but the DJTA (Transports) – which often leads other indexes by days or weeks – is corroborating analysis for a Feb. 19 – 22 peak followed by a 2 – 4 week correction. That should last into at least March 4 – 8. Other indexes remain in uptrends and have not signaled anything similar yet.
This remains in the broader context of equities projected to set 3 – 6 month or 6 – 12 month lows in late-2018 and then see a strong, multi-month rally into May 2019 (weekly cycles pinpoint late-April – early-May ‘19 as ideal period for a peak) – reinforcing 40-Year Cycle parallels.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.