Alphabet Inc. (GOOGL) has broken below trendline and chart support. This downside move has bearish implications for the stock and perhaps the broader U.S. stock market. The 02/25/24 blog “Three Magnificent Stocks” examined the technical situation for GOOGL and noted. “A move below the lower rising trendline and first chart support at 139.49 could openContinue reading “Alphabet Inc. Major Downside Break”
Category Archives: Momentum
Three Magnificent Stocks to Watch
In the late stage of a stock bull market fewer and fewer stocks participate in the rally. This phenomenon can be viewed in the “Magnificent Seven Stocks”. Soon, if one or two of these seven stock breaks to the downside, it could trigger a significant decline in the broader U.S. stock market. The Magnificent SevenContinue reading “Three Magnificent Stocks to Watch”
Intraday Examination of the S&P 500
On 02/13/24 the U.S. stock market had a large steep decline. Subsequently the three main U.S. stock indices have rallied with the S&P 500 (SPX) being the strongest, on 02/16/24 it was only 9.69 points from its all-time high. The SPX ended the session down, just above important intraday support. The 15 – minute SPXContinue reading “Intraday Examination of the S&P 500”
U.S. Stock Market Momentum and Sentiment – 02/09/24
On 02/09/24 the S&P 500 (SPX) and Nasdaq Composite made new post October 2022 rally highs. Momentum and sentiment readings were extremely bearish suggesting an approaching decline for U.S. stocks. The daily NYSE – 52 – week high ($MAHN) chart courtesy of Barchart.com illustrates internal momentum for the U.S. stock market. As the stock marketContinue reading “U.S. Stock Market Momentum and Sentiment – 02/09/24”
The Big Picture for U.S. Stocks – February 2024
As stock bull markets progress, investor optimism grows and usually peaks near market tops. Correspondingly momentum wanes as the stock market climbs. Stocks discount the future, and the stocks of smaller/weaker companies are the first to falter in anticipation of economic weakness. The higher a stock index climbs the number of stocks participating in theContinue reading “The Big Picture for U.S. Stocks – February 2024”
U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24
The 12/28/23 blog “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23” noted. “An intermediate bottom for 30 – year U.S. Treasury Yields could be in place”. A bottom for the 30- year U.S Treasury Yield (TYX) was in place and the subsequent rally appears to be complete. The next wave downContinue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24”
The Birth of a Bear Market? – 01/31/24
For several weeks the U.S. stock market has had several bearish momentum signals. However, there’s been one factor missing from the bearish equation – a “Rule of the Majority” signal. This phenomenon occurs when only one of the three main U.S. stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC)Continue reading “The Birth of a Bear Market? – 01/31/24”
The Magnificent Two Stocks
In the late stage of a stock bull market fewer and fewer stocks participate in the rally. On 01/26/24 only two of the seven stocks driving the U.S. stock market made new highs. The seven stocks driving the U.S stock market are called the “Magnificent Seven” and as “Investor’s Business Daily” writes. “Due to theirContinue reading “The Magnificent Two Stocks”
The Final Rally for U.S. Stocks?
The 01/25/24 blog “Basing for the Final Rally?” noted, “The DJI and SPX have the best chance of another all-time high being made on 01/26/24.” On 01/26/25 the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made all-time highs. This could be the final rally, and pinnacle of the U.S. stock bull market. Continue reading “The Final Rally for U.S. Stocks?”
U.S. Stock Market Momentum Update – 01/19/24
On 01/19/23 the S&P 500 (SPX) surged up 1.23% and made a new all-time high. On the surface it appears this could be in the start part of another manic rally. An examination of U.S. stock market momentum suggests something else. The daily S&P 500 – Advanced/Decline line ($SPXADP) chart courtesy of StockCharts.com updates itsContinue reading “U.S. Stock Market Momentum Update – 01/19/24”
Four Dimension Trading 