Archive for September 20th, 2010

Latest Cyclical Trend Trade has been Stopped Out

| September 20, 2010

In late June, a confirmed Cyclical Trend Score (CTS) sell signal was generated. As a result, our cyclical trend trading system opened a short position at 1,076.55 on the S&P 500 index with a 5% stop loss level of 1,133.21. Today, the stop loss level was achieved and the short position was closed. The previous […]

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Stocks Break Out of Recent Trading Range

| September 20, 2010

The S&P 500 index closed sharply higher today, breaking well above the top of the recent trading range between 1,050 and 1,130. The next bullish technical objective for this rally would be a break above congestion resistance at the January high near 1,150. However, the uptrend is now overextended on a short-term basis and the […]

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Short-term Forecast for September 20, 2010

| September 20, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed sharply higher today, breaking well above congestion resistance in the 1,120 to […]

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