Archive for June 9th, 2011

US Dollar Forms Short-term Cycle Low

| June 9, 2011

The US dollar index closed moderately higher again today, reacting further off of recent lows of the short-term downtrend from late May. With respect to cycle analysis, both price oscillators have experienced bullish crossovers and a bullish engulf pattern formed on the daily chart today, generating a cycle low signal. We have been expecting the […]

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Household Real Estate Equity Returns to Historic Low

| June 9, 2011

The Federal Reserve released the Flow of Funds for the first quarter of 2011 today. Although household net worth has rebounded slightly off of the 2009 low, household real estate percent equity continues to hold near historic lows below 40% as a result of the housing market implosion. About one third of all households have […]

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Short-term Forecast for June 9, 2011

| June 9, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index closed moderately higher today, reacting off of recent lows of the […]

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