Archive for April 19th, 2012

Short-term Forecast for April 19, 2012

| April 19, 2012

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 intermediate-term forecast and for long-term outlooks see the latest long-term forecast. Technical Analysis The index closed moderately lower again today, moving down toward recent short-term lows of the overbought […]

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Potential Short-term Signal: Stock Market Cycle Analysis

| April 19, 2012

As a result of the decline today, both cycle analysis price oscillators have experienced bearish crossovers and a bearish engulf pattern has nearly formed on the daily chart. A close below 1,368 today would generate a confirmed cycle high signal, indicating that the beta high (BH) of the current short-term cycle likely formed on April […]

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Unemployment Claims Turn Higher in April

| April 19, 2012

The Department of Labor reported that there were 386,000 initial unemployment claims last week, well above consensus expectations for a second straight week. In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average […]

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