Category Archives: Momentum

Massive Rally of Micron Technology Inc.

The 05/23/26 blog “Dow Industrials – From Lagger to Leader” illustrated that on 05/22/26 only one of the three main U.S. indices; S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI) made an all-time high. The blog also noted “The potential bearish signal made on 05/22/26 will be invalidated if two ofContinue reading “Massive Rally of Micron Technology Inc.”

The Spectacular Nasdaq Rally

The U.S. stock market rise since 03/30/26 has been relentless with only the tiniest of pullbacks. Of the three main U.S. stock indices, Nasdaq Composite (IXIC) has a 29% gain vs. S&P 500 gain of 19%, and Dow Jones Industrial Average 12%. A look underneath the surface reveals a different picture. The daily Nasdaq –Continue reading “The Spectacular Nasdaq Rally”

Dow Industrials – From Lagger to Leader

Since February 2026 the Dow Jones Industrial Average (DJI) upside performance has lagged both the S&P 500 (SPX) and the Nasdaq Composite (IXIC).  On 05/22/26 the DJI made an all-time high unconfirmed by SPX and IXIC.  This action could be a very bearish signal for the U.S. stock market. The daily DJI, SPX, and IXICContinue reading “Dow Industrials – From Lagger to Leader”

Characteristics of a U.S. Stock Market Peak

The U.S. stock market rally since 03/30/26 has been steep and relentless and as of 05/15/26 appears likely to continue.  The daily S&P 500 (SPX) and Nasdaq Composite (IXIC) charts courtesy of Trading View examines two potentially bearish factors.  Several important U.S. stock market peaks since early 2000 have occurred when only one of theContinue reading “Characteristics of a U.S. Stock Market Peak”

Long – Term Yields Near Major Double Top

On 05/15/26 the prices of U.S. Treasury – notes and thirty-year bonds declined.     When bond/note prices fall, bond/note yields rise. The U.S. Treasury 30- year bond yields (TYX) are leading the way higher. The weekly TYX chart courtesy of Trading View illustrates the long – term view. This is an update to the chartContinue reading “Long – Term Yields Near Major Double Top”

The Nvidia Market

The 05/07/26 blog “The Fibonacci 1.618 – Solution” illustrated that the S&P 500 (SPX) had potential Fibonacci resistance at SPX 7,426.  On 05/14/26 SPX reached 7,517, there’s always leeway around Fibonacci support/resistance levels.  The high on 05/14/26 was 91 – points above the Fibonacci bullseye level – likely outside the leeway zone. The doors openContinue reading “The Nvidia Market”

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”