Archive for September 25th, 2010

Long-term Breakout in Gold has been Confirmed

| September 25, 2010

Last week, gold closed at a new all-time high above the June high at $1,256. This week, the breakout was confirmed via a close more than 2.5% above the previous high, signaling a likely extension of the long-term uptrend. Technical indicators are now moderately bullish overall on the weekly chart, supporting a continuation of the […]

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Stock Market Topping Formation Update

| September 25, 2010

The long-term topping formation in stocks that we have been monitoring since the beginning of the year finally moved above congestion resistance in the 1,120 to 1,130 zone on the S&P 500 index and is now testing resistance at the January high near 1,150. The market has experienced a series of sharp corrections and rallies […]

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Intermediate-term Forecast for September 25, 2010

| September 25, 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 moderately higher this week, moving up to a new high for the […]

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