Archive for September 30th, 2010

Stocks Hold at Recent Highs after Early Breakout Attempt Fails

| September 30, 2010

The S&P 500 index surged higher at the open after the Chicago PMI reading for September came in better than expected, increasing to 60.4 from 56.7 in August. However, a wave of strong selling pressure quickly erased the early gains, continuing the distribution process that has been in progress since the index began testing the […]

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Short-term Forecast for September 30, 2010

| September 30, 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 moderately lower today, retreating from recent highs of the rally from early […]

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