Category Archives: Price

Massive Rally of Micron Technology Inc.

The 05/23/26 blog “Dow Industrials – From Lagger to Leader” illustrated that on 05/22/26 only one of the three main U.S. indices; S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI) made an all-time high. The blog also noted “The potential bearish signal made on 05/22/26 will be invalidated if two ofContinue reading “Massive Rally of Micron Technology Inc.”

The Spectacular Nasdaq Rally

The U.S. stock market rise since 03/30/26 has been relentless with only the tiniest of pullbacks. Of the three main U.S. stock indices, Nasdaq Composite (IXIC) has a 29% gain vs. S&P 500 gain of 19%, and Dow Jones Industrial Average 12%. A look underneath the surface reveals a different picture. The daily Nasdaq –Continue reading “The Spectacular Nasdaq Rally”

Characteristics of a U.S. Stock Market Peak

The U.S. stock market rally since 03/30/26 has been steep and relentless and as of 05/15/26 appears likely to continue.  The daily S&P 500 (SPX) and Nasdaq Composite (IXIC) charts courtesy of Trading View examines two potentially bearish factors.  Several important U.S. stock market peaks since early 2000 have occurred when only one of theContinue reading “Characteristics of a U.S. Stock Market Peak”

The Nvidia Market

The 05/07/26 blog “The Fibonacci 1.618 – Solution” illustrated that the S&P 500 (SPX) had potential Fibonacci resistance at SPX 7,426.  On 05/14/26 SPX reached 7,517, there’s always leeway around Fibonacci support/resistance levels.  The high on 05/14/26 was 91 – points above the Fibonacci bullseye level – likely outside the leeway zone. The doors openContinue reading “The Nvidia Market”

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”