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”
Category Archives: Momentum
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”
Watch Tesla Inc.
In November 2021 Tesla Inc. (TSLA) made a major top then underperformed the S&P 500 (SPX) for nearly three years. Then in the last quarter of 2024 -TSLA roared back to life, outperforming the SPX and made a new all-time high. In the coming days TSLA could be an important indicator for the U.S. stockContinue reading ” Watch Tesla Inc.”
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”
U.S. 10 Year Treasury Note – Bearish Forecast
In March of 2020 the U.S. 10 Year Treasury Note made a major top. The subsequent decline lasted more than three years. The rally from October 2023 to September 2024 has the characteristics of a bounce within a still developing secular bear market. The move down from the September 2024 peak could be the startContinue reading “U.S. 10 Year Treasury Note – Bearish Forecast”
Santa Claus Rally – 12/26/24
The 12/24/24 blog “Fascinating Elliott Wave Patterns – 12/24/24” noted. “The sharp rally on 12/20/24 could be the “a” wave of an Elliott wave – Single Zigzag. If so, there’s a good chance for the SPX to rally beyond its 12/19/24 high sometime on 12/23/24 or 12/24/24.” The wave “c” of a presumed Elliott WaveContinue reading “Santa Claus Rally – 12/26/24”
Underground Bear Market
An examination of 52 -week lows for U.S. stocks reveals a developing bear market. Looking just at the action of the main U.S. stock indices, the recent decline is minor. Viewing the new – 52 – week lows shows many U.S. stock are already in a bear market. The daily S&P (SPX) 500 chart courtesyContinue reading ” Underground Bear Market”
Four Dimension Trading 