Category Archives: Momentum

Short- Term Momentum Update – 01/13/23

When markets are in a steadily rising trend, bearish momentum divergences will emerge which could later be invalidated.  This phenomenon is occurring with the S&P 500 (SPX).   The  15 -minute SPX chart courtesy of Trading View illustrates its short-term trend. Recent blogs on this website have illustrated that both the SPX – 15 –Continue reading “Short- Term Momentum Update – 01/13/23”

Rare Bullish Momentum Signal

During the trading week ending 01/13/23 the NYSE –  Advance/Decline  line ($NYAD) had a bullish reading  that’s only occurred four times in times the last fourteen – years.  The implications of this signal could mean U.S stocks rally  into March/April 2023.   The weekly $NYAD chart courtesy of StockCharts.com illustrates the action since January 2007.Continue reading “Rare Bullish Momentum Signal”

Nearing the Bear Panic Point

The S&P 500 (SPX)  is close to the declining trendline from the January 2022 top and the 200 – day moving average (MA).  A move above this important resistance could trigger massive, short covering and bring in new  long side trader’s. The panic point is around SPX – 4,000.  Daily momentum suggests a move aboveContinue reading “Nearing the Bear Panic Point”

 Resistance Reached – 12/23/22

Markets  are attracted to Fibonacci resistance/support areas.  This websites 12/22/22 blog noted two S&P 500 (SPX) Fibonacci retracement points.  At SPX 3,841.94 and 3,843.90, this resistance was reached on 12/23/22.  The SPX – 15 – minute chart courtesy of Trading View shows what happened. Exact hits of Fibonacci coordinates are rare, therefore  allow for leewayContinue reading ” Resistance Reached – 12/23/22″

Examination of U.S  Interest Rates – 12/09/22

  On 12/14/22The FOMC will decide about U.S short – term interest rates.  Its expected they will raise rates only .50% as opposed to  recent increases of .75%. Whatever the decision is, evidence suggest U.S interest rates could continue to rise for several years. The daily chart courtesy of Trading View shows the yield curveContinue reading “Examination of U.S  Interest Rates – 12/09/22”

 NYSE Composite – Update – 12/09/22

The previous blog noted that hourly momentum of the NYSE Composite (NYA) was bullish.  However, on 12/09/22  the bears were able to overpower the bulls. The hourly chart courtesy of Trading View shows the turn of the tide. The 12/08/22 blog illustrated that NYA important resistance was at 15,452.76 on 12/09/22 the NYA failed toContinue reading ” NYSE Composite – Update – 12/09/22″

Bull Market Revival

On 12/07/22 it appeared that US stocks could continue to decline.  Evidence on 12/08/22  from the price and momentum dimensions imply that the wounded bull market could be recovering. To discover the best Elliott wave count, examine several stock market indices, sector ETF’s and sometimes individual stocks. The prior blog noted that the S&P 500Continue reading “Bull Market Revival”

     Wounded Bull Market

On 12/06/22 the S&P 500 (SPX) broke below important support made on 11/29/22, wiping out all of the gains  made  during the powerful 11/30/22 rally.  Additionally, the decline from the 12/01/22 peak at 4,100 has the look of a developing Elliott – Impulse wave.  If so, this could be the first wave down of aContinue reading ”     Wounded Bull Market”