RSSCategory: Market Update

Stock Market Intermediate-term Low Nearly Confirmed

Stock Market Intermediate-term Low Nearly Confirmed

| September 12, 2017

After the final week of August, our computer models identified the potential formation of an intermediate-term low in the stock market. After consolidating last week, the S&P 500 index has moved up to a new long-term high this week, indicating that the predicted intermediate-term low is likely in place. A weekly close above 2,477 on [...]

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US Dollar Confirms Intermediate-term Breakdown

US Dollar Confirms Intermediate-term Breakdown

| September 9, 2017

In early August, we observed that the US Dollar index was on the verge of a meaningful breakdown. Our technical analysis suggested that a weekly close below the congestion support level in the 93 area would likely be followed by a resumption of the downtrend from early 2017. This week, the index moved sharply lower, [...]

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Gold Approaches Short-term Breakout Target

Gold Approaches Short-term Breakout Target

| September 7, 2017

In late August, gold broke out of the short-term trading range formation that had been developing since March. As expected, the subsequent advance was strong and prices are approaching our initial target of 1,365. Given the bullish character of short-term technical analysis and cycle analysis, it is highly likely that the rally will continue. However, it [...]

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Stock Market Bubble Now Largest of Past 100 Years

Stock Market Bubble Now Largest of Past 100 Years

| September 6, 2017

Context plays a vital role in the development of reliable market forecasts. Short-term price behavior only has meaning when analyzed in the proper context afforded by the long-term view, so all investing and trading strategies should begin with a thorough understanding of the big picture. The cyclical bull market in stocks that began in early [...]

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Stock Market Attempts to Form Intermediate-term Low

Stock Market Attempts to Form Intermediate-term Low

| September 2, 2017

In late August, our computer models identified the potential formation of a short-term low in the stock market. After consolidating for several sessions, the S&P 500 index advanced sharply this week, confirming that a new short-term cycle is in progress. Additionally, the latest short-term low formed very close to the window during which our computer [...]

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Gold Attempts to Break Out of Trading Range

Gold Attempts to Break Out of Trading Range

| August 21, 2017

Gold has been confined to a trading range since March, with support at the 1,220 level and resistance in the 1,295 area. For the past week, prices have been attempting to move above the 1,295 resistance level. This is the third breakout attempt, and the character of price behavior during the last 8 sessions suggests [...]

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Stock Market Rally Begins Correction

Stock Market Rally Begins Correction

| August 12, 2017

In late April, our computer models predicted the formation of an intermediate-term low in the stock market. Further, given the bullish character of the previous advance, our models indicated that the rally would likely continue and move up to new long-term highs. The bull market resumed as expected and the S&P 500 index rallied until [...]

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US Dollar on Verge of Meaningful Breakdown

US Dollar on Verge of Meaningful Breakdown

| August 12, 2017

From an intermediate-term perspective, the US Dollar index has been moving sideways since early 2015, forming a consolidation pattern following the strong rally in 2014. The congestion support in the 93 area has been tested several times since then, but the current downtrend from the beginning of the year is attempting to move below that [...]

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Stock Market on Verge of Intermediate-term Signal

Stock Market on Verge of Intermediate-term Signal

| April 25, 2017

Last week, our computer models predicted the formation of a short-term low in the stock market. The S&P 500 index has advanced sharply this week, confirming that a new short-term cycle has begun. Additionally, the latest short-term low has occurred within the window during which our computer models have predicted that the latest intermediate-term low [...]

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Stock Market Rally Faces Important Short-term Test

Stock Market Rally Faces Important Short-term Test

| April 13, 2017

In early March, our computer models predicted the early formation of the first high of the current short-term cycle. Since then, The S&P 500 index has trended lower, indicating that short-term direction is in question. As shown on the following daily chart, our cycle analysis computer models indicate that the latest short-term low will likely [...]

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