On 10/06/26 the technology stock ETF – (XLK) made a new all-time high. Subsequently it has been bearish relative to the S&P 500 (SPX) and the Nasdaq Composite (IXIC). This could be a bearish omen for the broader U.S. stock market. First, we need to examine the long-term performance of the technology sector. The weeklyContinue reading “Technology Stocks Relative Weakness – October 2026”
Category Archives: Momentum
U.S. Stocks are in a Bear Market – Part – Three
When only one of the three main U.S. stock indices; S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI) makes a new all-time high it’s a bearish signal. On 08/13/26 only SPX reached a new all-time high. This signal was invalidated on 10/06/26 when both the Nasdaq Composite (IXIC) and S&P 500Continue reading “U.S. Stocks are in a Bear Market – Part – Three”
Nasdaq Internal Momentum – October 2026
On 10/02/26 Nasdaq Composite and its sub index Nasdaq 100 – made new all – time highs. How are these bullish leaders performing underneath the surface of price action? The answer is shocking. Two of the main internal stock market momentum indicators are Advance/Decline lines (A/D) and New 52 – week Highs and Lows. TheContinue reading “Nasdaq Internal Momentum – October 2026”
U.S. Stocks are in a Bear Market – Part – Two
Outside of the Nasdaq Composite, which is being pushed up by technology stocks, most U.S. stocks are in a different world. That world is called a bear market. The daily Dow Jones Industrial Average (DJI), Dow Jones Transportation Average (DJT), and Dow Jones Utility Average (DJU) chart courtesy of Trading View examines their relationship. AlmostContinue reading “U.S. Stocks are in a Bear Market – Part – Two”
Watch the U.S. Technology Stock Sector – 10/02/26
The 09/26/26 blog “September 28, 2026 – Final U.S. Market Stock Peak?” noted “The ideal scenario for 09/28/26 would be for both Nasdaq Composite (IXIC) and Technology stock sector – ETF (XLK) to make new highs unconfirmed by S&P 500 (SPX) and Dow Jones Industrial Average (DJI). If this occurs it could signal an importantContinue reading “Watch the U.S. Technology Stock Sector – 10/02/26”
U.S. Stocks are in a Bear Market – September 2026
On the surface the three main U.S. stock indices; S&P 500 (SPX), Nasdaq Composite, and Dow Jones Industrial Average are close to their all-time highs. By measurement of price these indices are in bull markets. If you look underneath the surface most U.S. stocks are in a bear market. The daily SPX chart courtesyContinue reading “U.S. Stocks are in a Bear Market – September 2026”
September 28, 2026 – Final U.S. Market Stock Peak?
A Full Moon and momentum divergence could signal an important U.S. stock market top. The daily chart courtesy of Trading View shows the relationship of the three main U.S. stock indices. S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI). When only one of the three major U.S. stock indices reaches aContinue reading “September 28, 2026 – Final U.S. Market Stock Peak?”
Post Triangle Thrust Up – 09/21/26
This website’s prior blog illustrated that the technology stock ETF (XLK) may have begun a post Horizontal Triangle thrust up. Today 09/21/26 XLK blasted upwards. The daily XLK chart courtesy of Trading View updates the action. The bullseye termination point is 214.35. This movement is probably an Elliott fifth wave and confirmation is just oneContinue reading “Post Triangle Thrust Up – 09/21/26”
U.S. Technology Stocks Surging to New Highs?
On 06/03/26 the technology stock ETF (XLK) reached its all-time high. After 06/03/26 – S&P 500 (SPX) continued to make new highs and reached their peak on 08/13/26. The bearish divergence of XLK to SPX is significant because technology stocks have been strongest sector of the U.S. bull market that began in April 2025. SPXContinue reading “U.S. Technology Stocks Surging to New Highs?”
Crude Oil Turning Point?
The 08/16/26 blog “Crude Oil Near-Term Target – 95.00” noted Crude Oil’s broad resistance area was 95.00 to 100.00. The 09/12/26 blog “Crude Oil Reaches – 100.00” noted “On 09/11/26 Crude Oil reached 100.03, almost the exact level of the 05/18/26 peak of 100.10.” Also noted, “Another price spike up from current levels could quicklyContinue reading “Crude Oil Turning Point?”
