Category Archives: Momentum

Massive Consumer Staples Divergence

In U.S stock bull markets most sectors will trend with the main U.S. stock indices.  Since May of 2023 the Consumer Staples – ETF (XLP) has been lagging the S&P 500 (SPX).  The bearish divergence of this important sector is another sign that U.S stocks could be on the cusp of a sharp and deepContinue reading “Massive Consumer Staples Divergence”

Possible Counter  Trend Peak for U.S. Stocks – 08/30/23

The Nasdaq Composite (IXIC) declined from 07/19/23 to 08/18/23.  On 08/30/23 the IXIC and the other two main U.S. stock indices may have made  tops  in a developing bear trend. The 08/26/23 blog “Nasdaq Composite Elliott Wave Count – 08/25/23” illustrated a potential resistance zone from 13,900 to 13,980. The IXIC – two-hour chart courtesyContinue reading “Possible Counter  Trend Peak for U.S. Stocks – 08/30/23”

Apple Inc. – Clear Elliott Wave Pattern

Sometimes individual stocks can have amazingly clear and accurate Elliott wave patterns.  The recent action of Apple Inc. (AAPL) could be very helpful in timing the broader U.S. stock market. The two – hour APPL chart courtesy of Trading View illustrates  its Elliott wave pattern since 07/19/23. From 07/19/23 to 08/18/23 APPL formed a clearContinue reading “Apple Inc. – Clear Elliott Wave Pattern”

Bearish Stock Reversal – 08/24/23

Today 8/24/23 the S&P 500 (SPX) opened the session with a gap up.  The opening move invalidated the Elliott wave count illustrated in this websites prior blog.  It appeared this open could be the beginning of a day long bull run.  What happened was a  dramatic bearish reversal. The SPX declined into the close ofContinue reading “Bearish Stock Reversal – 08/24/23”

S&P 500 First Wave Down Nearing Completion – 08/18/23

The 08/16/23 blog “S&P 500 – Downside Targets – 08/16/23”  noted. “A Fibonacci .236 retrace of October 2022 to July rally is near SPX 4,350.  The SPX closed 08/16/23 at 4,404 and could reach 4,350 on 08/17/23.” On the S&P 500 (SPX)  08/18/23 open it reached 4,350 and quickly bottomed out at 4,335.  Could thisContinue reading “S&P 500 First Wave Down Nearing Completion – 08/18/23”

Philippines and Vietnam Stock Markets Update – 08/17/23

The 07/15/23 blog “Philippine Stock Exchange an Elliott Wave Tutorial” illustrated that the Philippine Stock Exchange (PSEI) could be rising in an Elliott wave – Double Zigzag pattern. The daily PSEI chart courtesy of Trading View updates the action. About 85 to 90% of the time the second Zigzag of a Double Zigzag pattern willContinue reading “Philippines and Vietnam Stock Markets Update – 08/17/23”

S&P 500 – Downside Targets – 08/16/23

Today 8/16/23 the S&P 500 (SPX)  made a new decline low.  Fibonacci analysis provides clues to potential short-term support levels. The 08/15/23 blog illustrated that the SPX was in a declining wedge.   The 2- hour SPX chart courtesy of Trading View shows what happened to the wedge. The wedge is gone, and the SPX isContinue reading “S&P 500 – Downside Targets – 08/16/23”

S&P 500 – Short – Term Elliott Wave Count – 08/10/23

The prior blog noted that if the S&P 500 (SPX) broke below the 08/09/23 bottom it could open the door for a move down to the SPX 4,385 to 4,410 area.  What happened was a marginal move below the 08/09/23 bottom and another bullish momentum divergence. The hourly SPX chart courtesy of Trading View examinesContinue reading “S&P 500 – Short – Term Elliott Wave Count – 08/10/23”

Breaking Bullish Momentum Divergences

When the main trend of a stock  index is up, multiple bullish momentum divergences usually signal an opportunity to go long.   When the main trend of a stock index is down, multiple bullish momentum divergences are frequently broken.  When this happens, it could open the door for more downside action. The one – hour S&PContinue reading “Breaking Bullish Momentum Divergences”