Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H - highs on April 26th & May 9th...only 3 day correction, then grinded higher
May 21 L  - actual low 2 TD's early on May18
May 25-June 1 H - June 1 hit a high then grinded marginally higher to June 9
June 10-19 L - actual low June 16
June 28-July3 H - June 26th high near this time frame - DJIA high, so far, July 3rd
July 7-14 L - low was July 11
July 19-28 H - So far, SPY 7/27 H, QQQ 7/27 H, IWM 7/25 H
Aug 4-12 L  - low was SPY 8/11
Aug 8/18-23 H - highs were made on 8/16 & 8/22
Aug 30-Sept 7 L - so far, a low was made on 8/29
Sept 13-22 H

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles still suggest a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.
The LT Cycle low suggested for August was shallow.  The DJIA high was 22,179 and the DJIA low was 21,600.   This was a 2.6% correction.  Not much, but, it was a correction as forecasted nevertheless.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

charts: Fear & Greed Index

Courtesy of CNN/Money

Courtesy of CNN/Money

The stock market is oversold, BUT, there could still be some more downside or chop.
Watch your indicators carefully for buy signals.  We should be closer to a low than to a high with a Fear & Greed Index reading below 20.


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results
 

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H - highs on April 26th & May 9th...only 3 day correction, then grinded higher
May 21 L  - actual low 2 TD's early on May18
May 25-June 1 H - June 1 hit a high then grinded marginally higher to June 9
June 10-19 L - actual low June 16
June 28-July3 H - June 26th high near this time frame - DJIA high, so far, July 3rd
July 7-14 L - low was July 11
July 19-28 H - So far, SPY 7/27 H, QQQ 7/27 H, IWM 7/25 H
Aug 4-12 L  - low was SPY 8/11
Aug 8/18-23 H 
Aug 30-Sept 7 L
 

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles still suggest a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

chart: SPY vs Hi - Lo 10DMA

Posted on June 22,2017
The 10 Day Hi-Lo has created a triangle pattern.
When the SPY makes a higher high while the 10 day Hi-Lo starts to drop, be on watch.  In the past divergences appear at most turns in the market.  At the very least, the 10 day Hi-Lo develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.  
But here we have a triangle pattern and right now there is no indication if it will break out of this pattern up or down.  But it is getting closer to the vertex.  So a break out should happen very soon.

The SPY vs Hi - Lo 10DMA as of today's close

 It finally broke out of the triangle pattern.  Let's see if it has the power to pull the market down in August.  There has been some mixed breadth lately, so there is a chance.   Also the Picasso cycles still suggests a pullback in August.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H - highs on April 26th & May 9th...only 3 day correction, then grinded higher
May 21 L  - actual low 2 TD's early on May18
May 25-June 1 H - June 1 hit a high then grinded marginally higher to June 9
June 10-19 L - actual low June 16
June 28-July3 H - June 26th high near this time frame - DJIA high, so far, July 3rd
July 7-14 L - low was July 11
July 19-28 H - So far, SPY 7/27 H, QQQ 7/27 H, IWM 7/25 H
Aug 4-12 L 
Aug 8/18-23 H

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles still suggest a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results