Archive for September 3rd, 2010

Stock Market Rallies Continue to Lack Conviction

Stock Market Rallies Continue to Lack Conviction

| September 3, 2010

The S&P 500 index is now up more than 5% following the latest cycle low on August 31, but the rally has been accompanied by below average volume once again. Every oversold reaction that has developed since the cyclical uptrend from early 2009 peaked in late April has occurred on relatively low volume, indicating a [...]

Continue Reading

ISM Non-Manufacturing Index Unexpectedly Declines in August

ISM Non-Manufacturing Index Unexpectedly Declines in August

| September 3, 2010

The Institute for Supply Management reported that their non-manufacturing index fell to 51.5% in August from 54.3% in July, whereas consensus expectations were for a smaller decrease to 53.0%. The employment index dropped to 48.2%, indicating contraction. “The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Managementâ„¢ Non-Manufacturing [...]

Continue Reading

Short-term Forecast for September 3, 2010

Short-term Forecast for September 3, 2010

| September 3, 2010

This update is available only to subscribers. Please login or subscribe to view this content.

Continue Reading