Archive for April 23rd, 2012

Short-term Forecast for April 23, 2012

| April 23, 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 today, moving down toward recent short-term lows of the overbought correction […]

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Stocks Begin Important Beta Phase Decline

| April 23, 2012

The S&P 500 index closed moderately lower today, generating a cycle high signal that indicates the beta high (BH) of the current short-term cycle likely formed on April 17. The stock market continues to track the bearish short-term scenario that we outlined two weeks ago and a close below the last short-term cycle low (STCL) […]

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Confirmed Short-term Signal: Stock Market Cycle Analysis

| April 23, 2012

A cycle high signal was generated today, indicating that the beta high (BH) of the current short-term cycle likely formed on April 17. A move below the last short-term cycle low (STCL) during the beta phase decline would confirm a transition to left translation and favor additional short-term weakness. Alternatively, a shallow decline followed by […]

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The Smoke and Mirrors Economy

| April 23, 2012

The leading data that we monitor continue to indicate that a return to economic contraction is likely in 2012. Although the vast majority of mainstream analysts believe (at least, publicly) that economic growth is likely to accelerate this year, excessive debt will continue to provide a significant structural impediment to the economy for the foreseeable […]

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