The 05/15/22 blog “Bullish Stock Signals From Europe and Asia illustrated that the UKX 100 Index (UKX) was the strongest of four major national stock indices. Today 05/17/22 UKX , had two additional bullish signals. The daily UKX chart courtesy of Trading View illustrates the action. UKX broke above Fibonacci .618 resistance of the 04/11/22Continue reading “UKX 100 Index is the Upside Leader”
Category Archives: Momentum
Momentum and Sentiment Indicator Review – 05/13/22
The 05/12/22 blog “ Nasdaq is Extremely Oversold” illustrated the weekly Nasdaq Composite – Slow Stochastic. The weekly Nasdaq Composite chart (COMP) courtesy of BigCharts.com updates the action. Weekly Slow Stochastic now has a bullish lines crossover in the oversold zone. Additionally, COMP went deeply below the lower Bollinger band and has moved back aboveContinue reading “Momentum and Sentiment Indicator Review – 05/13/22”
Nasdaq is Extremely Oversold
The Nasdaq Composite has been the weakest of the main US stock indices, on 05/12/22 it reached an extremely oversold condition. The Nasdaq weekly chart courtesy of BigCharts.com- symbol (COMP) illustrates the situation. Slow Stochastic is at the lowest level in five years. The Nasdaq hourly Point & Figure chart courtesy of Trading View –Continue reading “Nasdaq is Extremely Oversold”
Fibonacci Price and Time Connections – Part – Two
The 05/08/22 blog “Fibonacci Price and Time Connections” noted broad leeway for support on the S&P 500 (SPX) could be between 4035 and 3985. Today 05/09/22 the SPX low was at 3975.48. Leeway is not an exact science. The SPX 2010 decline was the source for projecting a possible 2022 support area. In 2010 theContinue reading “Fibonacci Price and Time Connections – Part – Two”
Nasdaq Composite Momentum 05/06/22
The Nasdaq Composite (IXIC) made its all-time high in November 2021 more than a month before the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average (DJI). Since then, it has been the weakest index – down 26% from its November 2021 top. The 05/02/22 blog “US Stock Market MomentumContinue reading “Nasdaq Composite Momentum 05/06/22”
US Stocks Up on Bearish News
Today 05/04/22 the FOMC again raised interest rates, and US stocks had a big rally. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the action. Daily RSI after recording a bullish divergence had a bullish cross over of its moving average line. This new piece of bullish evidence adds to the considerableContinue reading “US Stocks Up on Bearish News”
US Stock Market Momentum and Sentiment – Part Two – 05-02-22
Today 05/02/22 the S&P 500 (SPX) went below its 02/24/22 bottom eliminating the bullish divergence of only the Nasdaq Composite (IXIC) making new decline lows. While eliminating the bullish divergence there are others made by the new SPX low. The combined daily SPX and VIX chart courtesy of Trading View illustrates the bullish divergences. TheContinue reading “US Stock Market Momentum and Sentiment – Part Two – 05-02-22”
US Stock Market Momentum and Sentiment 04-29-22
On 04/29/22 the US Stock market represented by the three main stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) wiped out a powerful rally made on 04/28/22. Could this be the start of a crash? Perhaps, anything is possible. However, a review of momentum and sentiment readings for USContinue reading “US Stock Market Momentum and Sentiment 04-29-22 “
Examination of the Weakest Main US Stock Index
From 04/21/22 to 04/27/22 the main US stock indices, Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (SPX) had a powerful and sharp drops. Today 04/28/22 the US Gross domestic product report indicated a 1.4% contraction in the first quarter of 2022. All three main US stock indices rallied strongly on theContinue reading “Examination of the Weakest Main US Stock Index”
Sharp Stock Reversal – Part – Three
Objectivity is the most important trait that traders must have. Traders objectively analyze the balance of evidence before acting. If the evidence indicates a market/stock could rise – it does rally but is subsequently quickly reversed, then conditions have change. If conditions changed, then you must objectively view the new evidence produced from the change.Continue reading “Sharp Stock Reversal – Part – Three”
Four Dimension Trading 