Category Archives: Momentum

Nasdaq Composite Threads the Needle – 01/24/25

The 01/23/25 blog “Watch the Nasdaq Composite – 01/23/25” noted , “If on 01/24/25 IXIC exceeds 20,070.08 and stays below its all-time high of 20,204.50 an important secondary peak could be reached”. The hourly Nasdaq Composite chart -Trading View symbol (IXIC) shows what happened. IXIC exceeded the presumed Minor wave “A” of an Elliott waveContinue reading “Nasdaq Composite Threads the Needle – 01/24/25”

Evidence of a Major U.S. Stock Market Top – 01/24/25

Long-term momentum and sentiment readings for  U.S. stocks suggests a major peak is forming.  On 01/24/25 the  S&P 500 (SPX) continued its recent pattern of making a new all-time high unconfirmed by the other two main U.S. stock indices, Dow Jones Industrial Average and Nasdaq Composite.   This significant bearish divergence is just one factor inContinue reading “Evidence of a Major U.S. Stock Market Top – 01/24/25”

All – Time High S&P 500 – 01/22/25

Today 01/22/25 the S&P 500 (SPX) made a new all-time high unconfirmed by the Dow Jones Industrial Average (DJI) and the Nasdaq Composite. This by itself is a potentially very bearish momentum signal. The daily SPX chart courtesy of BigCharts.com updates its action. BigCharts.com – Slow Stochastic indicator is very effective in discovering potential trendContinue reading “All – Time High S&P 500 – 01/22/25”

The MAGA Rallies

After the election of Donald Trump as U.S. President on 11/05/24 the Dow Jones Industrial Average (DJIA) rallied for 19- trading days.  Currently the DJIA is rising just prior to Trump’s inauguration as President on 01/20/25.   Could this latest “Make America Great Again” (MAGA)  rally be the start of a multi- month bull market orContinue reading “The MAGA Rallies”

How to Discover Support and Resistance Levels

The 01/11/25 blog “U.S. Stock Market Short- Term Rise  Complete?” noted. “If on 01/13/25 the SPX declines more than 1.50% from its session  close of 01/10/25 , it could be just the start of a very steep decline.  Otherwise,  be prepared for another U.S. stock market rally”. On 01/13/24 the SPX declined less than 1.50%,Continue reading “How to Discover Support and Resistance Levels”

A Golden Triangle?

Gold in U.S. dollars since the late October 2024 peak appears to be forming an Elliott wave – Horizontal Triangle. Elliott wave – Horizontal Triangles are corrective formations composed of five sub waves.  Each sub wave further subdivide into three wave or a combination of three wave patterns.   They are net sideways movements and formContinue reading “A Golden Triangle?”

U.S. Stock Market Short-Term Rise Complete?

The 01/02/25 blog “Probable Short-Term Rise for U.S. Stocks – 01/02/25” noted “Near – term the bulls appear poised for a rebound”. The subsequent rally only lasted two trading days, and on 01/10/25 the rise was completely retraced.  Is the new low the start of a major  move down?   Momentum evidence reveals some interesting  clues,Continue reading “U.S. Stock Market Short-Term Rise Complete?”

Another Rise for U.S. Treasury Yields

The 09/06/24 blog “U.S. Treasury Yield Update – 09/06/24” had these comments. “The other factor that could contribute to TYX trending lower is the U.S. FOMC interest rate decision on 09/18/24.  It’s widely expected that they will cut short-term interest rates by at least .25 basis points, perhaps more.  This could be a classic caseContinue reading “Another Rise for U.S. Treasury Yields”

Probable Short- Term Rise for U.S. Stocks – 01/02/25

Long – term evidence implies U.S. stocks could be in the early stages of a multi-month decline.   Near – term the bulls appear poised for a rebound. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates short- term external momentum. On 01/02/25 the SPX broke marginally below important support made onContinue reading “Probable Short- Term Rise for U.S. Stocks – 01/02/25”