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”
Category Archives: Momentum
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”
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”
