Erik McCurdy's Opinion & Analysis
A complete archive of Erik McCurdy's articles, including current analysis & opinion - Page 16
Following the severe decline during the first three weeks of May, a cycle low setup occurred on May 21, indicating that the short-term cycle low (STCL) we had been expecting occurred on May 18. The...
In early March, we noted that the economy was entering a window during which we expected coincident data to begin missing consensus expectations. Since then, key data related to broad economic...
Yesterday, the National Association of Realtors (NAR) reported an increase in existing home sales in April to an annualized rate of 4.62 million, meeting consensus expectations.Total existing-home...
During the last three weeks, the S&P 500 index has declined 8.5 percent, retracing all of the gains since the middle of January.As usual, the violent drop was unforeseen by the consensus view. In...
The S&P 500 index closed sharply lower today, moving down to a new low for the overbought correction from early April below congestion support in the 1,315 area. Technical indicators remain...
The S&P 500 index closed sharply lower today, moving down to a new low for the downtrend from early April below congestion support in the 1,345 area. The overbought correction has now retraced all...
Earlier this week, we noted that gold had moved below support at the lower boundary of the cyclical bull market from 2008. On Friday, gold closed near weekly lows, confirming the break below cyclical...
The S&P 500 index rebounded from large early losses for a second straight session yesterday, moving down to a marginal new low for the overbought correction from April. The development of two...
Tuesday, a cycle low signal was nearly generated for the US dollar index, indicating that the Short-Term Cycle Low (STCL) that we have been expecting likely formed on April 30. Yesterday, a cycle low...
In early March, we noted that the economy was entering a period in which we expected coincident data to begin missing consensus expectations. Since then, key data related to broad economic activity...