On 07/05/24 the S&P 500 (SPX) rallied .55% and made a new all-time high. The Nasdaq Composite (IXIC) rallied .90% and made a new all-time high. On the same day only 35% of NYSE stocks advanced while 63% of stocks declined. The Nasdaq had 43% of stocks advance vs. 54% decline. Not the first instanceContinue reading “Stock Market Participation Could be the Weakest in U.S. History”
Category Archives: Momentum
Another Key Reversal Day
On the Summer Solstice 06/20/24 the Nasdaq Composite (IXIC) had a key reversal day as it made an all-time high. That top did not hold and on 06/28/24 the IXIC made another all-time high key reversal, this time accompanied by the S&P 500 (SPX). The daily SPX chart courtesy of Trading View illustrates the actionContinue reading “Another Key Reversal Day”
Long – Term Analysis of Asian Stock Markets
Four Asian stock markets reveal interesting long-term patterns. The weekly Vietnan Stock Index (VN30) courtesy of Trading View shows its action since 2021. The VN30 – November 2021 to November 2022 decline formed an extended Elliott wave Impulse pattern, which implies the first phase of a larger developing bear market. Note that the subsequent bullContinue reading “Long – Term Analysis of Asian Stock Markets”
Nvidia and the Strawberry Moon
On 06/20/24 both Nvidia Corporation (NVDA) and the Nasdaq Composite had Key Reversal days. A key reversal does not occur very often but is very reliable when it does. After an up-trend: The Open must be above yesterday’s Close, The day must make a new High, and The Close must be below yesterday’s Low. TheContinue reading ” Nvidia and the Strawberry Moon”
S&P 500 – Hits Long – Term Trendline – 06/18/24
The 06/12/24 blog “The Incredible Shrinking U.S. Stock Market” illustrated that the S&P 500 (SPX) could find resistance at the rising trendline connecting the peaks made on 07/27/23 and 03/28/24. Also noted “In the next few trading days this line is in the area of SPX 5,470 to 5,480”. It took the SPX more thanContinue reading “S&P 500 – Hits Long – Term Trendline – 06/18/24”
The Amazing Colossal Divergence!
The 06/13/24 blog “Quality Divergence” examined the short-term bearish divergence between the Dow Jones Industrial Average (DJI) and the Nasdaq Composite (IXIC). The 06/12/24 blog “The Incredible Shrinking U.S. Stock Market” illustrated the intermediate degree bearish divergence between the IXIC and Nasdaq new highs. Both of these important indicators are puny compared to the amazingContinue reading “The Amazing Colossal Divergence!”
Quality Divergence
On 06/13/24 the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI). A bearish “Rule of the Majority” signal. This signal may not last very long because by the end of the 06/13/24 main session both indices were only slightly below their newContinue reading ” Quality Divergence”
The Incredible Shrinking U.S. Stock Market
On 06/12/24 the S&P 500 (SPX) and the Nasdaq Composite(IXIC) made new all-time highs. How can the U.S. stock market be shrinking? The answer is illustrated in the Nasdaq new highs chart courtesy of Barchart.com. The process of shrinking – 52 – week highs has been underway for several months. Note that at each lowerContinue reading “The Incredible Shrinking U.S. Stock Market”
Into the Lunar Time Zone – Part Two – 06/07/24
The S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs on the 06/06/24 New Moon. On 06/07/24 only the SPX made a new all-time high – a bearish “Rule of the Majority” signal. A U.S. stock bear market continuing until at least early 2025 may have begun. A “Rule of the Majority” signalContinue reading “Into the Lunar Time Zone – Part Two – 06/07/24”
Into the Lunar Time Zone – 06/06/24
The S&P 500 (SPX) made a new all-time high on the date of a New Moon. An important turn could come soon. The prior blog “There’s a New Moon Rising” noted that sometimes markets could turn on a New/Full Moon plus or minus two trading days. The daily SPX chart courtesy of BigCharts.com illustrates bearishContinue reading “Into the Lunar Time Zone – 06/06/24”
Four Dimension Trading 