Archive for July 3rd, 2010

A Closer Look at the June Employment Report

| July 3, 2010

The Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 100,000 in June after the temporary effects of the Census 2010 were removed from the calculation. The Birth-Death model adjustment for the month was an addition of 147,000 jobs, so without this purely virtual component there was a net loss of 47,000. […]

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Portrait of a Resuming Bear

| July 3, 2010

Our computer models have been forecasting the likely development of a long-term top in the stock market since early this year, and in March and April we warned that the short-term rally from February was almost certainly a speculative blow-off move that would be followed by a violent correction. Since the long-term high in late […]

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Intermediate-term Forecast for July 3, 2010

| July 3, 2010

Stock Chart Analysis Synopsis: The S&P 500 index closed sharply lower this week, breaking well below critical long-term support at the bottom of the head and shoulders top formation from late 2009 and signaling the likely start of a new cyclical downtrend. Technical Analysis: Technical indicators are moderately bearish as price action moves down to […]

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