Archive for July 17th, 2010

The Gold Currency Index Returns to Uptrend Support

| July 17, 2010

The Gold Currency Index (GCI) closed moderately lower this week, returning to support at the lower boundary of the long-term uptrend. Technical indicators are now moderately bearish overall on the weekly chart, so odds slightly favor a break below uptrend support and continuation of the developing correction.

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Recession Indicators With Compelling Track Records

| July 17, 2010

The debate rages on. Are we merely experiencing a “soft patch” in the economic recovery or are we heading back into recession? A variety of data suggest that a return to economic contraction is likely during the next two quarters, including the following four indicators. 1. The 13-week annualized rate of change of the Economic […]

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Intermediate-term Forecast for July 17, 2010

| July 17, 2010

Stock Weekly Chart Analyses The following weekly chart analyses provide intermediate-term forecasts for the stock indices that we monitor. For short-term outlooks see the latest short-term forecast and for long-term outlooks see the latest long-term forecast. The S&P 500 Index Synopsis: The S&P 500 index closed slightly lower this week, holding below resistance at the […]

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