Archive for June 28th, 2011

Stocks Return to Recent Short-Term Highs

| June 28, 2011

The S&P 500 index closed sharply higher for a second straight session today, returning to recent short-term highs of the oversold reaction from mid-June. Today’s rebound indicates that the beta phase advance of the current short-term cycle is still in progress. However, the oversold reaction off of the beta low (BL) on June 16 continues […]

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Confirmed Short-term Signal: Oil Market Cycle Analysis

| June 28, 2011

We are 7 trading days into the cycle following the short-term cycle low (STCL) on June 20. Today’s move higher caused both price oscillators to experience bullish crossovers and a bullish engulf pattern to form on the daily chart, generating a cycle low signal that indicates the beta low (BL) likely formed yesterday. Only a […]

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Confirmed Short-term Signal: US Dollar Index Cycle Analysis

| June 28, 2011

We are 15 trading days into the cycle following the short-term cycle low (STCL) on June 7. Today’s 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 formed yesterday. Only a […]

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Confirmed Short-term Signal: 10-year Treasury Note Yield Cycle Analysis

| June 28, 2011

We are 10 trading days into the cycle following the short-term cycle high (STCH) on June 14. Today”s sharp move higher caused the second price oscillator to experience a bullish crossover and a bullish engulf pattern to form on the daily chart, generating a cycle low signal that indicates the alpha low (AL) likely formed […]

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Case-Shiller Indices Hold near Recent Long-term Lows

| June 28, 2011

The Case-Shiller home price data for April were released today. The anticipated seasonal boost to sales caused the 10-city and 20-city indices to hold near their recent post-bubble lows. Data through April 2011 show a monthly increase in prices for the 10- and 20-City Composites for the first time in eight months. The 10- and […]

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Short-term Forecast for June 28, 2011

| June 28, 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 higher again today, moving up to recent short-term highs […]

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