Archive for August 24th, 2010

Stocks Continue to Search for Latest Short-term Low

Stocks Continue to Search for Latest Short-term Low

| August 24, 2010

Last week, we noted that the window during which the next short-term cycle low (STCL) in stocks is likely to occur was approaching and suggested that a “sell the rumor, buy the news” rally accompanying either the existing home sales report or the GDP revision report this week could potentially provide the necessary catalyst to [...]

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Existing Home Sales Plunged in July

Existing Home Sales Plunged in July

| August 24, 2010

Last week, we noted that regional data suggested the July existing home sales report from the National Association of Realtors would very likely be much worse than expected. It was. Existing home sales decreased 27.2% to 3.82 million in July from a downwardly revised 5.26 million in June. As shown on the following graph from [...]

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Short-term Forecast for August 24, 2010

Short-term Forecast for August 24, 2010

| August 24, 2010

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