Category Archives: Price

Examination of the NYSE – Advance/Decline Line

A follower to this website made a very interesting comment regarding the NYSE – A/D line, stating that the NYSE Composite (NYA) peaked in February and the NYSE – A/D line made a new high on 05/06/26.  This is a bullish divergence that requires further examination.  The daily NYA and S&P 500 (SPX) chart courtesyContinue reading “Examination of the NYSE – Advance/Decline Line”

The Fibonacci 1.618 – Solution

The powerful S&P 500 (SPX) rally since the 03/30/26 bottom is probably still developing.  A Fibonacci inverse ratio forecasted the level of the SPX January 2026 peak, could also predict an SPX peak in May 2026. The 12/27/25 blog “Rendezvous of Price and Time – December 2025” illustrated that the SPX – February to AprilContinue reading “The Fibonacci 1.618 – Solution”

          Semiconductor Sell Signal – 05/04/26

For several months the PHLX – Semiconductor index (SOX) has been the leading sector of the U.S. stock market.  There may have been a major sell signal on 05/04/26. The daily SOX chart courtesy of Trading View illustrates the action.  On 05/04/26 – SOX made a new all-time high and ended the session below itsContinue reading ”          Semiconductor Sell Signal – 05/04/26″

Blowoff Top – 05/01/26

The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal.  This happened on a Full Moon.  Sometimes NewContinue reading “Blowoff Top – 05/01/26”

New Highs and Sudden Reversal – 04/23/26

On 04/21/26 only the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average.  This was illustrated in the 04/21/26 blog “Bearish Momentum Signal – 04/21/26”.  The bearish signal is invalidated if two of the three main stock indices makeContinue reading “New Highs and Sudden Reversal – 04/23/26”

Transportation Average – Blow Off Top?

The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band.  This is typically a sign of a market index or stock nearing upside exhaustion.  At the open of the 04/22/26 session DJT was still above the weekly Bollinger band.  What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”

International Bearish Divergences

Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs.  However, other major national stock markets have failed to reach new heights.  Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”

Semiconductor Sector Update – April 2026

The PHLX Semiconductor index (SOX) was the subject of the 11/09/25 blog “The Leading U.S. Stock Sector – Part – Two”.  In late October 2025 – SOX made an all-time high with weekly RSI deep in the overbought zone and at its highest level since the bull move began in April 2025.  Normally stocks andContinue reading “Semiconductor Sector Update – April 2026”

Beneath Strong Resistance – April 2026

The prior blog noted that S&P 500 ($SPX) had strong resistance in the 6,850 to 6,900 area.  On 04/10/26 $SPX moved marginally higher and reached 6,845.77.  This could be a significant peak, if not, a peak could be reached in the next one or two trading days. The daily $SPX chart courtesy of StockCharts.com updatesContinue reading “Beneath Strong Resistance – April 2026”