Long-Term Technicals Activated Yesterday

Our analytic approach starts with a Macro swing pattern indicator and then moves through stages of fundamental, political, and technical sigals.  For the stock market some long-term confirmation signals were activated yesterday at 1273 on the S&P.  For us this indicates that the bounce rally to the 1360 area which started on July 29th will have more support. (see July 29th comments).

As to oil and gold, we continue to watch these markets for rallys to short. We are not there yet and may have to wait for the end of hurricance season.

8:14 AM CDT

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