Archive for August 23rd, 2011

Confirmed Short-term Signal: 10-year Treasury Note Yield Cycle Analysis

| August 23, 2011

Both price oscillators experienced bullish crossovers and a bullish engulf pattern formed on the daily chart today, generating a cycle low signal that indicates that the alpha low (AL) likely formed on August 18. Only a quick move below the stop level at 2.07% tomorrow would invalidate the signal and suggest that the corrective phase […]

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Confirmed Short-term Signal: Gold Market Cycle Analysis

| August 23, 2011

Both price oscillators experienced bearish crossovers and a bearish engulf pattern formed on the daily chart today, generating a cycle high signal that indicates the beta high (BH) occurred yesterday. Given the extent of the beta phase advance, no further confirmation of the BH formation is necessary. A brief beta phase decline followed by a […]

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Short-term Forecast for August 23, 2011

| August 23, 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 higher today, reacting off of recent lows of the […]

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Gold Forms Short-term Cycle High

| August 23, 2011

Gold closed sharply lower today, retreating from recent all-time highs of the secular bull market and beginning a test of support at the lower boundary of the power uptrend from early August. Although technical indicators remain moderately bullish overall on the daily chart, the rally has been advancing at an unsustainable rate since early July […]

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