Archive for September 21st, 2010

Stocks and Treasuries Continue to Diverge

| September 21, 2010

Today’s Federal Reserve statement prompted a brief rally in stocks and sell-off in treasuries, but both markets subsequently reversed heading into the close. While the S&P 500 index closed slightly below recent highs of the sharp rally from the beginning of the month, the 10-year note yield broke sharply lower, approaching previous lows of the […]

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Gold Nearly Confirms Long-term Breakout While the GCI Continues to Lag

| September 21, 2010

Today, the Federal Reserve announced its willingness to provide additional economic stimuli via another round of quantitative easing. “Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability. With substantial resource slack continuing to restrain […]

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Short-term Forecast for September 21, 2010

| September 21, 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 slightly lower today, holding near recent highs of the uptrend from early […]

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