Archive for October 7th, 2010

Gold Rally Finally Takes a Breather

| October 7, 2010

Gold moved above $1,360 early in the session before reversing and closing moderately lower today. The advance from late July has been rising at an unsustainable rate and has become overextended, so at least a short-term overbought correction is likely at some point soon and today’s reversal may signal the beginning of that pullback. Power […]

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Short-term Forecast for October 7, 2010

| October 7, 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 slightly lower today, holding at recent highs of the uptrend from early […]

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