Category Archives: Momentum

 Long-Term View of Crude Oil – March 2026

Last week Crude Oil spiked up over 30%.  Long-term analysis puts this move in perspective.  The monthly continuous futures chart – Trading View symbol “CL2!” illustrates the action back to 2006.  During early 2022 price went 25% above the upper Bollinger Band.  Currently Crude Oil is only 9% above the upper Bollinger Band. In 2008Continue reading ” Long-Term View of Crude Oil – March 2026″

S&P 500 – Support Zone – March 2026

Since mid – December 2025 the S&P 500 (SPX) has been in a narrow choppy range, frustrating both bulls and bears.  If the bears can break through nearby support, it could drop SPX to a more significant support zone. The daily SPX chart courtesy of StockCharts.com illustrates three momentum oscillators. On 12/17/25, 03/03/26, and 03/06/26Continue reading “S&P 500 – Support Zone – March 2026”

   Gold Resistance Level – February 2026

Gold in U.S. dollars could soon make am important secondary peak. The daily spot Gold ($GOLD) chart courtesy of StockCharts.com illustrates the action since November 2025. Gold could soon reach a Fibonacci .618 retracement of its late January to early February crash.  If it reaches this potential resistance level it may correspond with Slow StochasticContinue reading ”   Gold Resistance Level – February 2026″

U.S. Stock Market – Advance/Decline Lines

The weight of evidence from all four dimensions of the U.S stock market is overwhelmingly bearish.  However, the NYSE – Advance/Decline line and the S&P 500 – Advance/Decline line continue to make new highs. The daily NYSE – Advance Decline line ($NYAD) courtesy of StockCharts.com is illustrated below. On 02/13/26 the NYSE Composite index failedContinue reading “U.S. Stock Market – Advance/Decline Lines”

Bearish Divergences – February 2026

The prior blog “Dow Industrials at 50,000!” noted that the Dow Jones Industrial Average (DJI) all-time high was confirmed by the Dow Jones Transportation Average, NYSE Composite index, S&P 500 – Advanced/Decline line and NYSE Advance/Decline line. Now a look at what’s not confirming the DJI all-time high.  Since the most recent bull trend beganContinue reading “Bearish Divergences – February 2026”

Dow Industrials at 50,000!

February 6, 2026, was a historic day the Dow Jones Industrial Average (DJI) made a new all-time and reached 50,000.  What could also be historic is a potential Elliott wave pattern and possible Fibonacci resistance level. First an update on internal U.S. stock market momentum.  The prior blog “February Downside Rollover – 02/05/26” noted thatContinue reading “Dow Industrials at 50,000!”

February Downside Rollover – 02/05/26

The S&P 500 has broken below a rising daily wedge and could decline to at least the area near the 11/21/25 bottom. The daily S&P 500 ($SPX) chart courtesy of StockCharts.com illustrates short-term momentum. Daily Slow Stochastic made a bearish divergence peak in the overbought zone and now has a bearish line cross.  Both linesContinue reading “February Downside Rollover – 02/05/26”

Silver Crash – January 2026

The 12/28/25 blog “Parabolic Silver – December 2025” compared the current Silver boom with the Silver mania from late 1979 to early 1980.  Noting that to match the percentage gain of the January 1980 silver top, price could peak around 137.00.  Silver reached 121.64 on 01/29/26 then crashed.     The 01/25/26 blog “Welcome to ParabolicContinue reading “Silver Crash – January 2026”

Colossal Ending Diagonal Triangle? – 01/30/26

During the last few months, the S&P 500 (SPX) upper part of the post April 2025 rally appeared to be forming an Elliott wave – Ending Diagonal Triangle (EDT).  What’s happened during the most recent trading days hints that the entire rally since 04/07/25 could be a colossal Ending Diagonal Triangle.  The daily SPX chartContinue reading “Colossal Ending Diagonal Triangle? – 01/30/26”