The Philippines Stock Exchange (PSEI) could make an important top in early April 2023. The PSEI decline from 01/24/23 to 03/16/23 was in the form of an Elliott wave impulse pattern. The five wave drop could be the first part of a much larger bear phase lasting several weeks or perhaps months. The daily PSEIContinue reading “Philippines Stock Exchange Update – 03/30/23”
Category Archives: Momentum
Rally for One – Week or One – Month?
The 03/11/23 blog “Stock Market Fuel” noted that the Dow Jones Industrial Average (DJI) had two Fibonacci support points. One at 31,552 the other at 31,657. The DJI bottom on 03/13/23 was at 31,641 between the two support points.The 03/11/23 blog also illustrated S&P 500 (SPX) Point & Figure support at SPX 3,815. The SPXContinue reading “Rally for One – Week or One – Month?”
Major UK 100 Top is Probably in Place
The 02/09/23 blog “Price Forecast for UK 100 Major Top” noted that a multi-year rising trendline and two Fibonacci coordinates implied the broad zone for a major top was 8,050 to 8,300. On 02/16/23 the UK 100 (UKX) reached 8,047, this could be a major top! The monthly UKX chart courtesy of Trading View showsContinue reading ” Major UK 100 Top is Probably in Place”
Stock Market Fuel
How much lower could U.S. stocks go before reaching an important bottom? Momentum oscillators are similar to a fuel gauge for markets, they can give you a rough estimate of where a movement could end. The weekly S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the action since early 2022. Stochastic is generally a moreContinue reading ” Stock Market Fuel”
S&P 500 Breaks Support – 03/09/23
The blog “Move Up From Important Support – 03/02/23” noted the S&P 500 (SPX) rallied after it reached the area of two Fibonacci support levels and the 200 – day moving average (MA). Today 03/09/23 the SPX broke and closed the session below this important support. This break opens the door for more downside action.Continue reading “S&P 500 Breaks Support – 03/09/23”
Philippines Stock Exchange Update – 03/08/23
The daily Philippines Stock Exchange (PSEI) chart courtesy of Trading View updates the action. The prior PSEI session declined about 1.3% then at the end finished positive for the day. The current session as of this writing is down slightly. The MACD so far has a very small bullish lines cross, Stochastic has a smallContinue reading “Philippines Stock Exchange Update – 03/08/23”
Philippines Stock Exchange – Update – 03/07/23
Momentum oscillators for the Philippines Stock Exchange (PSEI) are bullish. The daily PSEI chart courtesy of Trading View illustrates three momentum indicators. Daily Stochastic has a bullish lines crossover and is still in the neutral zone, this implies more near-term upside action. Daily RSI has crossed above its moving average line and is also stillContinue reading “Philippines Stock Exchange – Update – 03/07/23”
Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates
The 10/23/22 blog “Intermediate Top For Interest Rates” noted “If US interests rates decline it could be a catalyst for a multi- week rally in US stocks”. Subsequently the rates/yields for 10 and 30 – year U.S Government bonds/notes declined and U.S stocks rallied. There could soon be another decline for 10 and 30 –Continue reading “Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates”
Move Up From Important Support – 03/02/23
S&P 500 (SPX) bottoms in the area of two support zones. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX made a bottom early in the 03/02/23 session. What makes this exciting is that the bottom was in the area of the SPX – 200 – day moving average (MA) and FibonacciContinue reading “Move Up From Important Support – 03/02/23”
Mixed Signals for U.S Stocks – Part – Two
The 02/25/23 blog noted that the S&P 500 (SPX) could marginally break below its 200 day moving average (MA) line, which did occur on 03/01/23. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX low on 03/01/23 broke marginally below its 03/24/23 bottom and its 200 – day – MA line. However,Continue reading “Mixed Signals for U.S Stocks – Part – Two”
Four Dimension Trading 