Momentum – Page 40 – Four Dimension Trading

Slow Rise

From January to June 2022 the three main US stock indices were in a steady downtrend creating an oversold condition. Could July 2022 also be another down month for US stocks? Evidence continues to suggest a multi-week rally is developing. The monthly S&P 500 (SPX) chart courtesy of Trading View illustrates long-term momentum. This chartContinue reading ” Slow Rise”

Crude Oil Trading Range

Since March 2022 Crude Oil has been in a trading range between 126.00 and 92.00. Momentum signals and seasonal patterns suggest a new uptrend may have begun. The daily Crude Oil chart – (CL2!) – continuous next futures contract in front – courtesy of Trading View illustrates the trading range. First note the double bottomContinue reading “Crude Oil Trading Range”

Long-Term Momentum Implies a Multi-Week Stock Rally

The decline in US stocks from January 2022 to June has brought weekly and monthly Stochastics into the oversold zone. The rally since the late June bottom could ease the oversold condition. Action from the S&P 500 (SPX) October 2007 to March 2009 bear market gives clues as to how long a post June 2022Continue reading “Long-Term Momentum Implies a Multi-Week Stock Rally”

Philippine Stock Exchange Index – Daily Analysis

The Philippine Stock Exchange Index (PSEI) declined from February to June 2022. The daily PSEI chart courtesy of Trading View illustrates the action. The bottom made on 06/23/22 is referred to as a confirmed bottom, meaning the price low was confirmed by momentum indicators. Note that the Stochastic, RSI, and MACD were at or veryContinue reading “Philippine Stock Exchange Index – Daily Analysis”

S&P 500 Could Rally to 4,100

The 06/25/22 blog “Nasdaq Composite – MACD Indicator noted that the daily Nasdaq Composite (IXIC) had a bullish MACD lines crossover. Today 06/27/22 the daily S&P 500 (SPX) – MACD also had a bullish lines crossover. This increases the chances for at least a short-term US stock market rally. The 5 – minute SPX500 –Continue reading ” S&P 500 Could Rally to 4,100″

Nasdaq Composite – MACD Indicator

The 06/16/22 and 06/23/22 blogs examined the possibility that US stocks could make a new decline bottom, within the 06/28/22 to 06/30/22 time zone. The US stock market rally on 06/24/22 has reduced the chances of a bottom being made in the last week of June 2022. The daily Nasdaq Composite chart (IXIC) courtesy ofContinue reading “Nasdaq Composite – MACD Indicator”

Forecast for a Short – Term Bottom

On 06/10/22 the S&P 500 (SPX) – daily MACD had a bearish lines cross over below the zero line. This is a rare event, the last time it happened was on 12/17/18, that occurrence could help to discover a short-term bottom for the current SPX decline. The daily SPX chart courtesy of Trading View illustratesContinue reading ” Forecast for a Short – Term Bottom”

Suspicious Stock Rally

Today 06/15/22 after the FOMC announcement US stocks rallied then had a deep retracement of the move up from the bottom made on 06/14/22. The S&P 500 (SPX) 5 – minute chart courtesy of Trading View illustrates the action. At the 06/15/22 low the SPX retraced about 80% of the rally from 06/14/22. Just beforeContinue reading ” Suspicious Stock Rally”

Watch the S&P 500 – Trendline – Part Two

The 06/11/22 blog “Watch the S&P 500 – Trendline” concluded with the following. “The bears are in control – important points to watch are – support zone near 3880, the 05/20/22 bottom at 3810.32, and the declining daily trendline.” The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. Today 06/13/22 theContinue reading “Watch the S&P 500 – Trendline – Part Two”

Watch the S&P 500 – Trendline

This current blog was going to be a comparison of the stock bear market of 2007 to 2009 with the 2022 decline. The powerful move down of US stocks on 06/10/22 has cause that comparison to be put on hold. The 06/09/22 blog “Break of S&P 500 Support” noted that the rally after the 05/20/22Continue reading “Watch the S&P 500 – Trendline”