Archive for April 20th, 2012

Short-term Forecast for April 20, 2012

| April 20, 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 near unchanged today, holding above recent short-term lows of the overbought correction from […]

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Potential Short-term Signal: Oil Market Cycle Analysis

| April 20, 2012

A cycle low setup occurred today, suggesting that the latest short-term cycle low (STCL) may have formed yesterday. A close above current levels during the next session would generate a confirmed cycle low signal, indicating that the latest STCL is likely in place. A weak alpha phase rally followed by a move below the last […]

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ECRI Leading Indicator Turns Lower in April

| April 20, 2012

The Economic Cycle Research Institute (ECRI) reported that its Weekly Leading Index (WLI) declined to 123.9 last week from 125.9 during the previous week. The annualized growth rate retreated slightly to 1.2 percent from its recent high at 1.7 percent. Although the move lower in the WLI aligns with recent deterioration in economic data reports, […]

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