Category Archives: Momentum

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”

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”

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”

Two of the leading stocks during the 2023 rally now appear to be leading the way down.For decades Apple Inc. (AAPL) has been one of the best performing U.S stocks. During the 2023 bull run AAPL continued to outperform the broader U.S. stock market. The weekly AAPL chart courtesy of Trading View illustrates its performanceContinue reading “Follow the Leaders”

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”