Archive for July 26th, 2010

Treasuries Continue to Doubt the Stock Market Rally

| July 26, 2010

The identification of divergences is an important part of market analysis. When two data trends that normally have a well-defined, logical relationship stop exhibiting the expected behavior, it is often an important warning sign, and we are seeing this type of divergence between stocks and treasuries since the beginning of the month. The S&P 500 […]

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New Home Sales Bounce off of Historic Lows

| July 26, 2010

Here is an actual headline from today’s news wire: “Stocks rise on surge in new home sales.” That sounds really good, doesn’t it? A “surge in new home sales” almost sounds like we’re talking about a recovery in the housing market. Indeed, the Census Bureau reported that new home sales rose to 330,000 in June […]

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Short-term Forecast for July 26, 2010

| July 26, 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 The index closed sharply higher today, moving above congestion resistance in the 1,104 to 1,110 […]

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