Archive for October 14th, 2010

What is a Parabolic Move?

| October 14, 2010

Last night, a reader questioned our characterization of the current short-term move in gold as “essentially parabolic” and we wanted to clarify those remarks. In purely mathematical terms, a parabolic move is an exponential rise. When it comes to chart analysis, we define a parabolic advance as an uptrend during which the angle of ascent […]

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Unemployment Claims Remain at High Levels

| October 14, 2010

The Department of Labor reported that initial unemployment claims increased to 462,000 last week from 449,000 the week before. As shown on the following graph from Calculated Risk, the 4-week moving average continues to hold in a relatively narrow range near the 460,000 level. Initial unemployment claims have now been holding in this area for […]

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Short-term Forecast for October 14, 2010

| October 14, 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 moderately lower today, retreating from recent highs of the uptrend […]

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