Archive for August 27th, 2010

Stocks Rally on Downward Revision to Second Quarter GDP

| August 27, 2010

The “sell the rumor, buy the news” rally that we suspected would provide the catalyst for the formation of the latest short-term cycle low (STCL) in the S&P 500 index developed as anticipated today, and it is now very likely that the expected low occurred yesterday. Stocks will need to exhibit additional strength over the […]

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Short-term Forecast for August 27, 2010

| August 27, 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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