Momentum – Page 27 – Four Dimension Trading

Watching for a Death Cross

Today 11/08/23 the Dow Jones Industrial Average (DJIA) 200 – day moving average (MA) and its 50 – day MA were only 39 – points apart. On 11/07/23 the lines were 55 – points apart. A move of the 50 – day MA below the 200 – day MA – know as a “Death Cross” Continue reading “Watching for a Death Cross”

Sentiment and Momentum Readings for U.S. Stocks – October 2023

Stock market bottoms prior to at least multi- month rallies occur in two ways. After a sudden and sharp decline, such as the 2020 crash. Or after a multi month drop like the January to October 2022 bear phase. The sentiment and momentum readings from U.S. Stocks in late October 2023 provide insight to theContinue reading “Sentiment and Momentum Readings for U.S. Stocks – October 2023”

Straight Up

The U.S. stock rally from 10/27/23 could be the first phase of a bull move into late November 2023. Momentum evidence implies a move down during the week of 11/06/23 to 11/10/23. The daily Dow Jones Industrial Average (DJIA) chart courtesy of BigCharts.com updates the potential “Death Cross” and momentum. On 11/03/23 the DJIA –Continue reading “Straight Up”

An Approaching Death Cross – Part Three

Today 11/02/23 U.S. had a persistent rally throughout the main trading session. The Dow Jones Industrial Average – Bigcharts.com symbol (DJIA) 50 – day – moving average (MA) moved closer to its 200 – day MA. If there’s a “Death Cross” it could be giving a bearish signal after a bottom is in place. TheContinue reading “An Approaching Death Cross – Part Three”

An Approaching Death Cross – Part Two

The 10/28/23 blog “Approaching Death Cross” noted that the Dow Jones Industrial Average (DJIA) 50 – day moving average (MA) could cross below its 200 – day MA. This is known as a “Death Cross”. Today 11/01/23 the DJIA moving average lines moved closer to a cross. A very important DJIA top could occur inContinue reading “An Approaching Death Cross – Part Two”

U.S. Stocks in Steady Decline

Today 10/26/23 all three main U.S. stock indices made new post July 2023 decline lows; the drop could continue into at least early November. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. The 10/25/23 blog “Support Breaks Without a Panic” noted there was a bullish SPX – RSI divergence vs.Continue reading “U.S. Stocks in Steady Decline”

Support Breaks Without Panic

The S&P 500 (SPX) broke below chart support at 4,216.45 and the SPX – 200 – day moving average (MA). So far no panic. If the decline continues it could be a steady drop until 11/01/23. The daily SPX chart courtesy of Trading View illustrates the action. The bearish factor on the chart is theContinue reading “Support Breaks Without Panic”

Clues From the Consumer Staples Stock Sector

The SPDR – Consumer Staples Select Sector fund (XLP) is usually one of the most bullish sectors in the U.S. stock market. During 2023 it’s performance relative to the general stock market has been bearish. XLP’s recent action indicates U.S. stocks could continue declining into early November 2023. The weekly XLP chart courtesy of BigCharts.comContinue reading “Clues From the Consumer Staples Stock Sector”

Crude Oil Update – 10/20/23

At the close of trading on 10/13/23 it appeared that Crude Oil (CL2!) had completed a post-crash bounce. During the week of 10/16/23 to 10/20/23 – CL2! – made additional upside progress. The move up from the 10/06/23 bottom still appears to be a bear market rally which could be complete. The daily CL2! –Continue reading “Crude Oil Update – 10/20/23”

Rising Interest Rates, Falling Stocks – Part Two

Today 10/19/23 the yields for 5, 10, and 30 – year U.S. government debt made new 2023 highs. Correspondingly U.S. stocks as represented by the S&P 500 (SPX) declined .85%. The daily SPX chart courtesy of BigCharts.com illustrates the action. At the SPX low on 10/19/23 it had retraced .699 of the rally from 10/03/23Continue reading “Rising Interest Rates, Falling Stocks – Part Two”