Category Archives: Momentum

Bearish U.S. Stock Market Divergences – 02/14/25

The prior blog “Updated S&P 500 – Long -Term Elliott Wave Count -02/14/25”  noted that the S&P 500 (SPX) October to December 2022 rally – Intermediate wave (1) had a growth rate of 17.4%.  There’s usually a Fibonacci price relationship between the first and  fifth waves of motive patterns.    Assuming that the SPX 01/13/25Continue reading “Bearish U.S. Stock Market Divergences – 02/14/25”

     A Golden Triangle – Part – Two

The 01/12/25 blog “A Golden Triangle?” speculated that Gold was forming an Elliott Wave – Horizontal Triangle that could be the prelude to new highs. The daily Gold Futures Continuous Contract (GC1!) chart courtesy of Trading View updates the action. It appears a Horizontal Triangle has completed, and Gold is in a post  triangle thrustContinue reading ”     A Golden Triangle – Part – Two”

A Super Rally for U.S. Interest Rates?

In the coming months U.S. Treasury yields/rates could have a dramatic rise. Most attention is on what action the U.S. – FOMC could take in 2025.  The FOMC controls the short-term interest rates, and they are expected to cut rates twice in 2025.  They have no control over long – term rates which have beenContinue reading “A Super Rally for U.S. Interest Rates?”

All – Time Highs Totally Rejected

On 01/31/25 both the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX) made runs to make new all -time highs.  They failed miserably. The DJI – two – hour chart courtesy of Trading View shows its action since its all-time high in early December 2024. In the first minute of the DJI tradingContinue reading “All – Time Highs Totally Rejected”

U.S. Stocks Testing All-Time Highs – 01/30/25

The hourly Dow Jones Industrial Average (DJI) and S&P 500 (SPX) chart courtesy of Trading View shows their recent action. On 01/24/25 SPX made its all-time high unconfirmed by the DJI, and Nasdaq Composite – a potentially very bearish momentum signal.  Subsequently on 01/27/25 there was a micro crash in Tech stocks which the DJIContinue reading “U.S. Stocks Testing All-Time Highs – 01/30/25”

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”