Archive for August 18th, 2011

Short-term Forecast for August 18, 2011

| August 18, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index closed sharply lower today, moving down toward previous lows of the […]

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Philadelphia Federal Reserve Manufacturing Index Plunges in August

| August 18, 2011

The Philadelphia Federal Reserve released its August survey data today and the manufacturing diffusion index declined sharply to -30.7 from 3.2 in July. Consensus expectations were for a slight increase, so these data were much worse than expected. The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly […]

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