Archive for April 2nd, 2012

Stock Market Rally Reconfirms Bullish Translation

| April 2, 2012

The S&P 500 index closed moderately higher today, moving up to marginal new highs for the uptrend from October 2011 and the cyclical bull market from early 2009. Technical indicators are moderately bullish overall on the daily chart, favoring additional short-term strength. However, the advance from October remains extremely overextended on an intermediate-term basis and […]

Continue Reading

Short-term Forecast for April 2, 2012

| April 2, 2012

Stock Market Rally Reconfirms Bullish Translation The S&P 500 index closed moderately higher today, moving up to marginal new highs for the uptrend from October 2011 and the cyclical bull market from early 2009. Technical indicators are moderately bullish overall on the daily chart, favoring additional short-term strength. However, the advance from October remains extremely […]

Continue Reading

Confirmed Short-term Signal: Gold Market Cycle Analysis

| April 2, 2012

The move higher today generated a cycle low signal, confirming that the beta low (BL) formed on March 29. An extended beta phase rally that moves well above the last alpha high (AH) would signal a likely transition to right translation. Alternatively, a quick reversal and move below the last short-term cycle low (STCL) during […]

Continue Reading

Potential Short-term Signal: Oil Market Cycle Analysis

| April 2, 2012

The rebound today has caused both cycle analysis price oscillators to experience bullish crossovers and a bullish engulf pattern has formed on the daily chart. A close near current levels would generate a cycle low signal, indicating that the latest short-term cycle low (STCL) likely occurred yesterday. A weak alpha phase rally followed by a […]

Continue Reading