Archive for July 21st, 2010

Treasury Yields Return to Recent Lows

| July 21, 2010

The US Treasury 30-year bond and 10-year note yields have been trending lower since early April, and today both downtrends returned to their respective lows. While the US stock market remains about 4% above its recent low in early July, treasury yields are now threatening to break below their comparable lows. This is an important […]

Continue Reading

Stocks Continue to Struggle near Key Support Level

| July 21, 2010

The S&P 500 index closed sharply lower today, retreating from resistance at the upper boundary of the downtrend from late April. Notice that the only two sessions accompanied by average or above average volume over the past two weeks were the ones during which the index moved sharply lower, continuing the recent pattern of market […]

Continue Reading

Short-term Forecast for July 21, 2010

| July 21, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index Synopsis: The S&P 500 index closed sharply lower today, retreating from resistance at the upper […]

Continue Reading