Category Archives: Momentum

Examination of the NYSE – Advance/Decline Line

A follower to this website made a very interesting comment regarding the NYSE – A/D line, stating that the NYSE Composite (NYA) peaked in February and the NYSE – A/D line made a new high on 05/06/26.  This is a bullish divergence that requires further examination.  The daily NYA and S&P 500 (SPX) chart courtesyContinue reading “Examination of the NYSE – Advance/Decline Line”

          Semiconductor Sell Signal – 05/04/26

For several months the PHLX – Semiconductor index (SOX) has been the leading sector of the U.S. stock market.  There may have been a major sell signal on 05/04/26. The daily SOX chart courtesy of Trading View illustrates the action.  On 05/04/26 – SOX made a new all-time high and ended the session below itsContinue reading ”          Semiconductor Sell Signal – 05/04/26″

Momentum at a Potential Blowoff Top – May 2026

Long – term external and internal momentum indicators reveal fascinating aspects for the U.S. stock market. The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates external momentum. Note weekly RSI reading as of 05/01/26 has a bearish divergence vs. the readings made in late 2025.  There is currently not a near – termContinue reading “Momentum at a Potential Blowoff Top – May 2026”

Blowoff Top – 05/01/26

The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal.  This happened on a Full Moon.  Sometimes NewContinue reading “Blowoff Top – 05/01/26”

Transportation Average – Blow Off Top?

The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band.  This is typically a sign of a market index or stock nearing upside exhaustion.  At the open of the 04/22/26 session DJT was still above the weekly Bollinger band.  What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”

Bearish Momentum Signal – 04/21/26

In the U.S. stock market, an important bearish signal could occur if only one of the three main stock indices makes an all-time high unconfirmed by the other two indices.  The main indices are, S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC). The daily SPX, DJI, and IXIC courtesy of TradingContinue reading “Bearish Momentum Signal – 04/21/26”

Collapsing Crude Oil? – April 2026

Within the prior two trading days Crude Oil declined 15%.  Could this be the start of a larger bear movement?  Elliott wave analysis examines bullish and bearish scenarios. The daily continuous Crude Oil chart (CL2!) courtesy of Trading View illustrates the bearish scenario. The move down from the 04/07/26 peak labeled Intermediate wave (B) couldContinue reading “Collapsing Crude Oil? – April 2026”

Break Above Strong Resistance – April 2026

The 04/09/26 blog “Cease Fire Buying Panic” illustrated the S&P 500 (SPX) had strong resistance around 6,850 to 6,900.  It takes powerful buying to break powerful resistance, and that’s what’s happened.  The most important momentum indicator for U.S. stocks is the relationship between the three main U.S. stock indices. The daily chart of the SPX,Continue reading “Break Above Strong Resistance – April 2026”

Semiconductor Sector Update – April 2026

The PHLX Semiconductor index (SOX) was the subject of the 11/09/25 blog “The Leading U.S. Stock Sector – Part – Two”.  In late October 2025 – SOX made an all-time high with weekly RSI deep in the overbought zone and at its highest level since the bull move began in April 2025.  Normally stocks andContinue reading “Semiconductor Sector Update – April 2026”