RSSCategory: Market Update

Stock Market Confirms Formation of Intermediate-term Low

| November 10, 2018

A cycle low signal was nearly generated this week, indicating that the latest intermediate-term cycle low (ITCL) likely formed during the week ending November 2. We are 2 weeks into the rally phase of the intermediate-term cycle from early November. Intermediate-term cycle direction remains in question. An extended rally phase that moves well above the […]

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Stock Market Forms Key Intermediate-term High

| October 6, 2018

A cycle high signal was generated this week, indicating that the second half cycle high (HCH) of the intermediate-term cycle from March likely formed during the week ending September 21. We are 2 weeks into the second decline phase of the current intermediate-term cycle. The rally from March failed to move up to a meaningful […]

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Stock Market Attempts to Form Important Intermediate-term Low

| April 14, 2018

A cycle low signal was nearly generated this week, indicating that the half cycle low (HCL) of the current intermediate-term cycle likely formed during the week ending March 23. We are 3 weeks into the second rally phase of the intermediate-term cycle from February. Following the violent breakdown in January, the stock market has attempted […]

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Stock Market Intermediate-term Low Nearly Confirmed

| September 12, 2017

After the final week of August, our computer models identified the potential formation of an intermediate-term low in the stock market. After consolidating last week, the S&P 500 index has moved up to a new long-term high this week, indicating that the predicted intermediate-term low is likely in place. A weekly close above 2,477 on […]

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US Dollar Confirms Intermediate-term Breakdown

| September 9, 2017

In early August, we observed that the US Dollar index was on the verge of a meaningful breakdown. Our technical analysis suggested that a weekly close below the congestion support level in the 93 area would likely be followed by a resumption of the downtrend from early 2017. This week, the index moved sharply lower, […]

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Gold Approaches Short-term Breakout Target

| September 7, 2017

In late August, gold broke out of the short-term trading range formation that had been developing since March. As expected, the subsequent advance was strong and prices are approaching our initial target of 1,365. Given the bullish character of short-term technical analysis and cycle analysis, it is highly likely that the rally will continue. However, it […]

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Stock Market Bubble Now Largest of Past 100 Years

| September 6, 2017

Context plays a vital role in the development of reliable market forecasts. Short-term price behavior only has meaning when analyzed in the proper context afforded by the long-term view, so all investing and trading strategies should begin with a thorough understanding of the big picture. The cyclical bull market in stocks that began in early […]

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Stock Market Attempts to Form Intermediate-term Low

| September 2, 2017

In late August, our computer models identified the potential formation of a short-term low in the stock market. After consolidating for several sessions, the S&P 500 index advanced sharply this week, confirming that a new short-term cycle is in progress. Additionally, the latest short-term low formed very close to the window during which our computer […]

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Gold Attempts to Break Out of Trading Range

| August 21, 2017

Gold has been confined to a trading range since March, with support at the 1,220 level and resistance in the 1,295 area. For the past week, prices have been attempting to move above the 1,295 resistance level. This is the third breakout attempt, and the character of price behavior during the last 8 sessions suggests […]

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Stock Market Rally Begins Correction

| August 12, 2017

In late April, our computer models predicted the formation of an intermediate-term low in the stock market. Further, given the bullish character of the previous advance, our models indicated that the rally would likely continue and move up to new long-term highs. The bull market resumed as expected and the S&P 500 index rallied until […]

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