Momentum – Page 42 – Four Dimension Trading

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”

Three Possible Paths for the S&P 500

On 06/02/22 the S&P 500 (SPX) bottomed early in the session then persistently rallied 2.5% closing the session slightly off the high of the day. Typically, in a stock bull market the next trading day would have at least marginal gains. On 06/03/22 – SPX opened the session down 1.1% and trended down during mostContinue reading “Three Possible Paths for the S&P 500”

S&P 500 Momentum Update 05/31/22

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates action of the RSI momentum indicator. The highest daily SPX closing level after the 05/20/22 bottom was made on 05/27/22 with an RSI reading of 53.72. This is higher than the reading made on 04/19/22 – the highest SPX closing level for the 04/18/22Continue reading “S&P 500 Momentum Update 05/31/22”

Bullish Continuation

Since the 03/29/22 peak the S&P 500 (SPX) has not been able to rally more than three trading days. Today 05/26/22 was the fourth rally day since the most recent SPX decline bottom made on 05/20/22. When something different happens in a market or stock its usually evidence of a trend change – in thisContinue reading ” Bullish Continuation”

Are Stock Bears Ready for a New Attack?

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates considerable bullish evidence. The SPX has broken above a declining daily trend line. Daily MACD – Histogram has crossed the zero line. MACD lines have a bullish crossover. Daily RSI and Stochastics have bullish lines crossovers after having bullish divergences. On the bearish sideContinue reading ” Are Stock Bears Ready for a New Attack?”

Relentless Stock Market Decline

For several weeks US stocks have been in a relentless decline. In the next few weeks could there be more downside action, perhaps 10, 15, or 20% lower? An examination of the Nasdaq Composite reveals some amazing data. The Nasdaq Composite has dropped 31.9% from its all- time high. The S&P 500 has fallen 20.9%Continue reading “Relentless Stock Market Decline”

UKX 100 Index is the Upside Leader

The 05/15/22 blog “Bullish Stock Signals From Europe and Asia illustrated that the UKX 100 Index (UKX) was the strongest of four major national stock indices. Today 05/17/22 UKX , had two additional bullish signals. The daily UKX chart courtesy of Trading View illustrates the action. UKX broke above Fibonacci .618 resistance of the 04/11/22Continue reading “UKX 100 Index is the Upside Leader”

Momentum and Sentiment Indicator Review – 05/13/22

The 05/12/22 blog “ Nasdaq is Extremely Oversold” illustrated the weekly Nasdaq Composite – Slow Stochastic. The weekly Nasdaq Composite chart (COMP) courtesy of BigCharts.com updates the action. Weekly Slow Stochastic now has a bullish lines crossover in the oversold zone. Additionally, COMP went deeply below the lower Bollinger band and has moved back aboveContinue reading “Momentum and Sentiment Indicator Review – 05/13/22”