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”
Category Archives: Momentum
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”
Decisive Downside Break – 12/18/24
On 12/18/24 after the U.S. – FOMC decision the S&P 500 (SPX) decisively broke below the rising trendline connecting the 08/05/24 and 11/04/24 bottoms. The daily SPX chart courtesy of Trading View examines the situation. Daily momentum indicators imply more downside action. Only one line of Stochastic has reached the oversold zone. RSI is inContinue reading “Decisive Downside Break – 12/18/24”
Four Dimension Trading 