The prior blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) since 06/02/26 may have formed an Elliott wave – Horizontal Triangle. As of 07/09/26 SPX was at the edge of a declining trendline from the 06/15/26 peak. The break above this trendline on 07/10/26 should have triggered a powerfulContinue reading “Weak Trendline Breakthrough – 07/10/26”
Category Archives: Momentum
The Lonely Dow Jones Industrial Average – July 2026
The Dow Jones Industrial Average (DJI) continues to be the only main U.S. stock indices making all-time highs. The daily chart of DJI, S&P 500 (SPX), and Nasdaq Composite (IXIC) courtesy of Trading View updates the action of the three main U.S. stock indices. When only one of the three main U.S. stock indices isContinue reading “The Lonely Dow Jones Industrial Average – July 2026”
Elements of a Stock Market Mania
An examination of two stocks participating in the AI and technology mania reveals fascinating data. The first is Micron Technology Inc. (MU) which was last illustrated in the 05/30/26 blog “Micron Technology Inc. Upside Target”. The weekly MU chart courtesy of Trading View updates the action. There are always alternate Elliott wave counts. The 05/30/26Continue reading “Elements of a Stock Market Mania”
Advance/Decline Lines at New Highs – June 2026
On 06/26/26 both the NYSE Composite Advance/Decline line and the S&P 500 Advance/Decline line made new all-time highs. This factor implies more upside action for both stock indices. The daily NYSE Composite Advance/Decline line ($NYAD) courtesy of StockCharts.com illustrates its action over the last six months. The pattern of the line for six months isContinue reading “Advance/Decline Lines at New Highs – June 2026”
Long – Term U.S. Stock Market Sentiment – June 2026
The Market Vane Bullish Consensus is a contrarian sentiment indicator that tracks the buy and sell recommendations of market professionals. High percentage readings come near bull market peaks, low readings near bottoms. For the S&P 500 readings, over 65% generally indicate a peak could be forming, 35% or lower signal an approaching bottom. Bullish consensusContinue reading “Long – Term U.S. Stock Market Sentiment – June 2026”
Sector Analysis of the S&P 500 – June 2026
State Street Investment Management has Exchange Traded Funds (ETF) focusing on eleven – S&P 500 (SPX) sectors. An examination of six sectors reveals fascinating momentum data for the broader U.S. stock market. Daily charts courtesy of Trading View examines the three most bullish sectors; Industrials (XLI), Materials (XLB), and Technology (XLK). On 06/18/26 only oneContinue reading “Sector Analysis of the S&P 500 – June 2026”
Micron Technology Inc. Update – 06/18/26
The 05/28/26 blog “Massive Rally of Micron Technology Inc.” illustrated that Micron Technology Inc. (MU) had a rally of 207% from its 03/31/26 bottom. Amazingly MU continues to climb. The daily MU chart courtesy of Trading View updates the action. As of 06/18/26 MU has risen an incredible 271% from its 03/31/26 bottom! Daily RSIContinue reading “Micron Technology Inc. Update – 06/18/26”
Gold Update – 06/15/26
This website prior blog had noted Gold in U.S. dollars could reach Fibonacci resistance at 4,363.52. Today 06/15/26 Gold’s high was 4,369.48. The four – hour Gold chart courtesy of Trading View updates the action. When using Fibonacci analysis two or more Fibonacci coordinates increase the chances of a potential support/resistance zone. The 06/14/26 blogContinue reading “Gold Update – 06/15/26”
Could Gold be in the Middle of a Bear Market?
From late 2025 to early 2026 both Gold and Silver were in spectacular bull markets. From October 2025 to January 2026 Gold climbed 44.5%, Silver climbed 168.7%! The 02/01/26 blog “Silver Crash – January 2026” noted that silver probably made a bull market peak on 01/29/26. Gold peaked on the same day. Since then, bothContinue reading “Could Gold be in the Middle of a Bear Market?”
Crude Oil Trendline Watch – June 2026
The 04/18/26 blog “Collapsing Crude Oil? – April 2026” illustrated the bullish and bearish scenarios for Crude Oil. Since then, Crude Oil has trended sideways. Weekly momentum implies a multi-month downtrend may have begun. The weekly Crude Oil (CL2!) chart courtesy of Trading View shows the long-term picture. Weekly MACD has a bearish line cross.Continue reading “Crude Oil Trendline Watch – June 2026”
Four Dimension Trading 