Archive for August 17th, 2010

Stock Market Rallies Continue to Lack Conviction

| August 17, 2010

The S&P 500 index closed sharply higher today, reacting off of recent lows of the decline from last week, but once again the buying lacked conviction, as it has since the cyclical uptrend broke down in late April. The index gapped up at the open and then continued higher until late in the afternoon before […]

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Short-term Forecast for August 17, 2010

| August 17, 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, reacting off of recent lows of the short-term downtrend […]

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