Today 06/07/23 the Russell 2000 (RUT) composed of small – cap stocks continued the upward surge that began 05/31/23. The daily RUT chart courtesy of Trading View shows its recent movements. On 06/07/23 the RUT increased 1.78%. The 06/07/23 performance of the three main U.S. stock indices is as follows. Dow Jones Industrial Average +.27%.Continue reading “Leader and Laggard”
Category Archives: Price
Philippines Stock Exchange – Break Below Important Support
The Philippines Stock Exchange Index (PSEI) broke below a short-term rising trendline and the 05/26/23 bottom at 6,496.47. This low is also close to a Fibonacci .618 retracement of the 03/16/23 to 05/08/23 rally. The daily PSEI chart courtesy of Trading View updates the action. The break of support implies a short – term moveContinue reading “Philippines Stock Exchange – Break Below Important Support”
Philippines Stock Exchange Important Support Levels
The Philippines Stock Exchange Index (PSEI) is nearing two support levels. A break below both these levels could open the door to a multi-month decline. The daily PSEI and S&P 500 (SPX) courtesy of Trading View illustrates their recent action. In the last few weeks, it appeared the PSEI could rally into Fibonacci resistance atContinue reading “Philippines Stock Exchange Important Support Levels”
Key S&P 500 – Support and Resistance
The 05/10/23- S&P 500 (SPX) trading session was wild and unusual. The 5 – minute SPX chart courtesy of Trading View illustrates the action. The monthly U.S. – CPI report was released at 8:30 AM – EDT and triggered a huge rally. Just before the SPX session began at 9:30 AM – EDT, the S&PContinue reading “Key S&P 500 – Support and Resistance”
Examination of Long and Short -Term Interest Rates – 04/28/23
On 05/03/23 the U.S. FOMC will announce their decision on short – term interest rates. A look at the charts of 13 – week U.S. Treasury Bill rates (IRX) and 30 – year U.S. Treasury Bond yields (TYX) give hints to what may happen in the coming months. The monthly IRX chart courtesy of TradingContinue reading “Examination of Long and Short -Term Interest Rates – 04/28/23”
The Next S&P 500 Support Level
The S&P 500 (SPX) decline from the 04/18/23 top is choppy, possibly an Elliott wave – Double Zigzag. If so there are two Fibonacci coordinates that indicate a support level that could be reached on 04/21/22. The SPX – 30 – minute chart courtesy of Trading View shows where a bottom could be made. TheContinue reading “The Next S&P 500 Support Level”
UK 100 Near a Sell Point -04/19/23
The 04/02/23 blog “Britannia Rules the Elliott Waves” noted that if the UK 100 (UKX) exceeded a .618 retracement of the 02/16/23 to 03/20/23 decline – the next resistance was at 7,850 to 7,975. The 3-hour UKX chart courtesy of Trading View updates the action. The UKX has reached the resistance zone and a smallContinue reading “UK 100 Near a Sell Point -04/19/23”
Suspicious Decline – Part – Two
The 04/12/23 blog noted that the decline of U.S. stocks after the open of the main trading session looked suspicious. Today 04/13/23 we saw the subsequent action after a suspicious drop. The 5 – minute S&P 500 (SPX) chart courtesy of Trading View shows the decline and what happened after the bottom. There’s are twoContinue reading “Suspicious Decline – Part – Two”
Suspicious Decline -04/12/23
Today 04/12/23 was the release of the U.S. Consumer Price Index (CPI) report. It was also the prime day for a Fibonacci time cycle turn based on coordinates from the S&P 500 (SPX) 2022 decline. At 8:30 AM – EDT the U.S. CPI report was released triggering a strong rally in the S&P 500 futures. Continue reading “Suspicious Decline -04/12/23”
Stocks Could be in a Terminal Rally
On 02/02/23 the S&P 500(SPX) – 50 – day moving average (MA) crossed above its 200 – day MA, this is known as a “Golden Cross”. The SPX rallied and peaked on 02/02/23 then declined and has since stayed below its 02/02/23 high. The SPX could still climb above its 02/02/23 high, for now it’sContinue reading “Stocks Could be in a Terminal Rally”
Four Dimension Trading 