Archive for June 29th, 2011

Oil Confirms Formation of Beta Low

Oil Confirms Formation of Beta Low

| June 29, 2011

Yesterday, our cycle analysis methodology generated a cycle low signal for the oil market, indicating that the beta low (BL) of the current short-term cycle likely occurred on June 27. That signal was confirmed by today’s continuation of the oversold reaction. The downtrend from early May remains in control for the moment and cycle translation [...]

Continue Reading

Stocks Finally Confirm Oversold Reaction

Stocks Finally Confirm Oversold Reaction

| June 29, 2011

The S&P 500 index closed sharply higher for a third straight session today, moving above congestion resistance in the 1,300 area and confirming the oversold reaction from mid-June. Stocks struggled to form this short-term bottom, experiencing three failed rebound attempts before finally moving up to a new short-term high today. Today’s move also confirms that [...]

Continue Reading

Short-term Forecast for June 29, 2011

Short-term Forecast for June 29, 2011

| June 29, 2011

This update is available only to subscribers. Please login or subscribe to view this content.

Continue Reading