Archive for July 29th, 2010

The Stock Market Approaches an Important Inflection Point

| July 29, 2010

The initial estimate of second quarter GDP will be released tomorrow morning, just as stocks approach an important inflection point across multiple time frames. The topping formation that we have been monitoring for the past several months still favors an eventual breakdown and resumption of the secular bear market from 2000, but what happens over […]

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Short-term Forecast for July 29, 2010

| July 29, 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 moderately lower today, retreating further from recent highs of the short-term rally […]

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