Archive for August 26th, 2010

Potential Dow Theory Sell Signal

| August 26, 2010

In July, we analyzed the development of an unconfirmed Dow Theory sell signal that accompanied the violent correction following the long-term peak in late April. In general, Dow Theory is concerned primarily with values and market behavior. It provides a useful framework for analyzing trends and forecasting likely developments moving forward. There is also something […]

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Weekly Unemployment Claims Fall But Remain at Elevated Level

| August 26, 2010

The Department of Labor reported that initial unemployment claims decreased to 473,000 last week from 504,000 the week before. However, the 4-week moving average is now at 486,750, the highest level since November 2009. As shown on the following graph from Calculated Risk, the moving average has been confined to a relatively narrow range since […]

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Short-term Forecast for August 26, 2010

| August 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 moderately lower today, moving down to a new low for the short-term […]

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