Archive for September 18th, 2010

Baltic Dry Index Holds Near Middle of Recent Trading Range

| September 18, 2010

The Baltic Dry Index (BDI) rebounded sharply in August following the uptrend breakdown in June, but it has now struggled in the 2,800 area for the past month. A subsequent breakout above the recent high at 3,000 would forecast a return to long-term highs near 4,000 and support a continuation of the consolidation pattern experienced […]

Continue Reading

Gold Closes at New All-time Weekly High

| September 18, 2010

Last week, gold broke out to a new all-time closing high, and on Friday it closed at a new all-time weekly high as well. Now that gold has experienced long-term breakouts across daily and weekly time frames, the next bullish technical objectives would be breakout confirmations via closes at least 2.5% above the previous long-term […]

Continue Reading

Intermediate-term Forecast for September 18, 2010

| September 18, 2010

Stock Weekly Chart Analyses The following weekly chart analyses provide intermediate-term forecasts for the stock markets that we monitor. For short-term outlooks see the latest short-term forecast and for long-term outlooks see the latest long-term forecast. The S&P 500 Index The index closed slightly higher again this week, moving up to previous highs of the […]

Continue Reading