Did We Get Our Short-Term Cycle Low?

In the September 15th newsletter, I showed the regular one and one-half month cycle, on average, that can be found in the S&P 500. If the S&P was going to stick with the pattern, then a short-term cycle low was likely in two to three weeks.

On Thursday, the S&P 500 formed a possible reversal pattern, and on Friday it solidified it with a 1.1% gain on above-average volume. Right on schedule, it looks like a short-term cycle low has been set.

One sector gaining strength right now is the Retail sector. I covered the top 10 holdings in the Market Vectors Retail ETF (RTH) in the September 5th newsletter. Nearly every stock in that list looks ready for further gains. Most of them have moderately strong seasonal patterns (track records of gains this time of year) to back up any bullishly-oriented trade in these stocks. I'm just waiting for the right higher-probability setups to enter one or more of these trades.

Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day.  To find out more, please click on the following link: www.markettamer.com/seasonal

By Gregg Harris, MarketTamer Chief Technical Strategist

Copyright (C) 2014 Stock & Options Training LLC

Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.

Gregg Harris is the Chief Technical Strategist at MarketTamer.com with extensive experience in the financial sector.

Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg's passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.

As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.

The content on any of Market Tamer websites, products, or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options, and other securities involve risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities are not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options (http://www.optionsclearing.com/publications/risks/riskstoc.pdf). The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.

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