Archive for January 6th, 2012

ECRI Weekly Leading Index Returns to Long-term Low

| January 6, 2012

In early October, the Economic Cycle Research Institute (ECRI) issued a recession warning based primarily on the character of a persistent decline in its Weekly Leading Index (WLI), which forecasts the health of the US economy six to nine months in advance. The WLI has consolidated during the last three months after reacting off of […]

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Short-term Forecast for January 6, 2012

| January 6, 2012

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 intermediate-term forecast and for long-term outlooks see the latest long-term forecast. Technical Analysis The index closed slightly lower today, holding below previous highs of the uptrend from early October […]

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Confirmed Short-term Signal: Oil Market Cycle Analysis

| January 6, 2012

A cycle high signal was generated today, indicating that the beta high (BH) likely formed on January 4. Only a quick move above the stop level at $103.30 during the next session would suggest that the beta phase rally is still in progress. A brief beta phase decline followed by a move up to new […]

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