Archive for October 29th, 2010

Stock Market Rally Exhibits Signs of Fatigue

Stock Market Rally Exhibits Signs of Fatigue

| October 29, 2010

The S&P 500 index closed near unchanged to end the week, continuing to hold at recent highs of the speculative rally from early September. The last seven sessions have created a series of hesitation candlesticks on the daily chart that indicate a reversal has become likely. Additionally, the increase in volume that occurred earlier this [...]

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Advance Estimate of Third Quarter GDP is 2.0%

Advance Estimate of Third Quarter GDP is 2.0%

| October 29, 2010

The Bureau of Economic Analysis reported their advance estimate of third quarter GDP, with the annualized growth rate coming in at 2.0%. The following graph from Calculated Risk displays quarterly GDP growth rates for the past 30 years. The 2.0% growth rate met consensus expectations, but a closer look at the numbers indicates underlying weakness. [...]

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Short-term Forecast for October 29, 2010

Short-term Forecast for October 29, 2010

| October 29, 2010

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