Category Archives: Momentum

Today 09/28/21 the broad and deep decline in US stocks provided additional evidence that the next down wave could be  underway. The daily S&P 500 (SPX) courtesy of Trading View  illustrates the action. The daily RSI + MA had a bearish crossover following the daily Stochastic bearish crossover on 09/27/21. A  Fibonacci extension from theContinue reading “Possible Support Zone – Part Two”

As of today 09/27/21, the Elliott wave count for the S&P 500 (SPX)  is unclear and there’s a possibility a correction bottom was made on 09/20/21.  If the decline is still underway its possible that within the next few weeks, the SPX could come down to the area of the May 2021 minor correction. TheContinue reading “Possible Support Zone”

The prior blog noted bullish divergences for New 52 – week lows and Advance/Decline line at the SPX 09/20/21 bottom. The daily NYSE – New 52 – week lows ($NYLOW) courtesy of Stockcharts.com illustrates this internal stock market indicator. Today 09/23/21 the S&P 500 (SPX) briefly moved  above a .618 retracement of the decline fromContinue reading “NYSE – New  52 – Week Lows”

Today 8/27/21 both the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs. The Daily NYSE – New 52 – Week Highs chart ($NYHGH) courtesy of StockCharts.com updates the activity of this indicator.  The move  today above the level recorded on 08/25/21 is mildly bullish. If next week there’s a move above 314Continue reading “New – 52 – Week High Update 08-27-21”

Today 08/16/21 the S&P 500 (SPX)  and Dow Jones Industrial Average continued their up trends by making new all-time highs. Several internal momentum indicators continued their down trends. The NYSE – New 52 – Week Highs ($NYHGH) chart courtesy of StockCharts.com illustrates one of the momentum indicators. The simultaneous up trend with a diminishing numberContinue reading “US Stock Market Up and Down Trends”

In the last few months  there have been several illustrations of Ending Diagonal Triangles (EDT) illustrated on this website.  The main reason is that this structure appears as R.N  Elliott stated, “after the market has moved too far too fast”. What’s happened with the main US stock indices since March 2020 is definitely too farContinue reading “On the Verge of a Mini-Crash?”

Today 08/05/21 the Nasdaq Composite made a new all-time high unaccompanied by the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average.  The SPX all-time high was at 4429.97 made on 07/29/21 , todays SPX high was 4429.55.   The daily chart of Nasdaq – New 52 – weeks highsContinue reading “Diminishing New – 52 – Week Highs”

For several months the US stock market has had several bearish momentum divergences, both external and internal.  External moment can be gauged by price oscillators such as Stochastic. Internal momentum can be viewed by examining  advancing issues vs. declining issues. Since February 2021 the Nasdaq -Advancing – Declining Issues ($NAAD) has had bearish divergences vs.Continue reading “Another Bearish Divergence”

After sixteen-months of steadily rising stock prices in which the largest correction was only 10%, complacent bulls probably think it will never end.  For analysts that study all four market dimensions, in particular momentum-  realize its more like a hidden bear market.   The daily Nasdaq –  Advance – Decline Issues ($NAAD) chart courtesy ofContinue reading “The Never-Ending Bull Market”

After sixteen months of a relentless bull market, stock fund managers have learned the lesson: when stocks decline go in and buy.  The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates the recent action. The SPX move  up from the 07/19/21 bottom is the fastest and farthest rally since the move  from theContinue reading “Buy the Dip”