Archive for October 13th, 2010

Pulse of Commerce Index Suggests Flow of Goods has Stalled

| October 13, 2010

The Pulse of Commerce Index (PCI), which is a relatively new index that tracks the flow of goods to factories, retailers and consumers in real-time, suggests that consumption has been weakening during the past several months. “The Ceridian-UCLA Pulse of Commerce Index™ (PCI), a real-time measure of the flow of goods to U.S. factories, retailers, […]

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The Gold Currency Index Breaks Out

| October 13, 2010

The Gold Currency Index (GCI) closed moderately higher today, moving well above the previous all-time high from June. Technical indicators have strengthened and are now moderately bullish overall on the daily chart, supporting a continuation of the rally. We have been waiting for the GCI to confirm the recent long-term breakout in gold, and today’s […]

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Stocks Extend their Gains

| October 13, 2010

The S&P 500 index closed sharply higher today, moving up to a new high for the rally from early September and approaching resistance levels near the long-term high from April. There are now two likely scenarios with respect to the long-term trend in stocks. The cyclical uptrend from early 2009 is either in the process […]

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Short-term Forecast for October 13, 2010

| October 13, 2010

Stock Daily Chart Analyses The following technical and cycle 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 latest big picture update. The S&P 500 Index The index closed sharply higher today, moving up to a new high for […]

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