Today 12/05/24 Bitcoin in U.S. dollars (BTCUSD) reached 100,000! The daily chart courtesy of Trading View shows the action. BTCUSD went as high as 104,000 before reaching a peak. This is on the far side of the leeway around 100,000. This factor plus what appears to be an incomplete Elliott wave pattern opens the doorContinue reading “Bitcoin Breakthrough – 12/05/24”
Category Archives: Momentum
U.S. Stock Market Theme – 2024
The theme for U.S. stocks in 2024 has been, main stock indices make new highs with bearish momentum. The indices have only minor declines, then the bearish momentum divergences are erased. On 011/29/24 two of the main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average made new all – time highs withContinue reading “U.S. Stock Market Theme – 2024”
Bitcoin 100,000!
On 11/22/24 Bitcoin (BTCUSD) reached 99,860 close to a major round number 100,000. Could this number represent significant resistance? An examination of BTCUSD history reveals some fascinating data. The monthly BTCUSD chart courtesy of Trading View shows the long-term view since its inception in December 2014. Each of the three important BTCUSD peaks came closeContinue reading “Bitcoin 100,000!”
Nvidia Corporation – Long -Term Elliott Wave Count 11/21/24
On 11/20/24 Nvidia Corporation (NVDA) released their third quarter of 2024 financial results. They beat revenue expectations by 5.96%. On 11/21/24 NVDA reached a new all-time high and ended the session up by .78% from the prior session closing price. The weekly NVDA chart courtesy of Trading View illustrates the long -term Elliott wave count.Continue reading “Nvidia Corporation – Long -Term Elliott Wave Count 11/21/24”
U.S. Long – Term Interest Rates at Important Level
Trading action in the next few days could determine the direction of U.S. long – term interest rates for several weeks. The daily CBOE 10 – year Treasury Yield (TNX) chart courtesy of Trading View shows its progress since mid – 2023. TNX has moved marginally above the declining trendline connecting the October 2023 andContinue reading “U.S. Long – Term Interest Rates at Important Level”
Gold – Elliott Wave Count – 11/14/24
Gold may have completed the first wave down of a multi-month decline. The daily Gold Futures Continuous contract courtesy of Trading View updates the action. The Gold bull market from the October 2022 bottom appears to have made a Primary degree peak on 10/31/24. October 2024 top had a double bearish RSI divergence, and theContinue reading “Gold – Elliott Wave Count – 11/14/24”
U.S. Stock Market Momentum and Sentiment – 11/08/24
The 10/13/24 blog “ U.S. Stock Market Momentum and Sentiment – 10/11/24” illustrated bearish evidence for both dimensions. One month later the situation for one of the dimensions dramatically changed. The NYSE 52 – week highs chart courtesy of Barchart.com shows internal momentum. In early October 2024 there was a double bearish divergence for NYSEContinue reading “U.S. Stock Market Momentum and Sentiment – 11/08/24”
Trump Reelection – Catalyst for a Bull Market?
The day after the election of Donald Trump as the U.S. president in 2016 the S&P 500 (SPX) had a big rally which kicked off for a multi month bull market. The day after Donald Trump’s reelection in 2024 the SPX had a big rally. Could this be the start of another multi month bullContinue reading ” Trump Reelection – Catalyst for a Bull Market?”
Reaction to the U.S. Election
The U.S. November 05, 2024 election was historic and amazing. The reaction of several markets was also historic and amazing. All three main U.S. stock indices made new all-time highs. Precious metals had huge movements down. Bitcoin had a huge move up. Long-term U.S. Treasury yields had huge up movements. The daily S&P 500 (SPX)Continue reading “Reaction to the U.S. Election”
Russell 2000 – Impulse Down – Part Three
The 10/26/24 blog “Russell 2000 – Impulse Down – Part Two” illustrated that the Russell 2000 (RUT) may have made an important short-term peak on 10/25/24. Subsequently RUT moved above the 10/25/24 top and reached 2,260 on 10/30/24. Momentum evidence continues to suggest that RUT could reach the 2,000 area in one to two weeks.Continue reading “Russell 2000 – Impulse Down – Part Three”
Four Dimension Trading 