Archive for June 10th, 2011

Household Real Estate Percent Equity Holds at Historic Lows

| June 10, 2011

The Federal Reserve released the Flow of Funds for the first quarter of 2011 yesterday. 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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Confirmed Short-term Signal: Oil Market Cycle Analysis

| June 10, 2011

We are 13 trading days into the cycle following the short-term cycle low (STCL) on May 24. Today”s sharp move lower caused both price oscillators to experience bearish crossovers and a bearish engulf pattern to form on the daily chart, generating a cycle high signal that indicates the beta high (BH) likely occurred yesterday. Only […]

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Stock Market Decline Approaches Important Support Level

| June 10, 2011

The S&P 500 index closed sharply lower today, moving down to a new short-term low and reconfirming the violent downtrend from early May. The decline is approaching critical congestion support at the March low near 1,260 and the character of the distribution formation that has been developing since February is becoming more bearish. The nearly […]

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Short-term Forecast for June 10, 2011

| June 10, 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 sharply lower today, moving down to a new low for […]

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