UKX 100 Index is the Upside Leader

The 05/15/22 blog “Bullish Stock Signals From Europe and Asia illustrated that the UKX 100 Index (UKX) was the strongest of four major national stock indices. Today 05/17/22 UKX , had two additional bullish signals. The daily UKX  chart courtesy of Trading  View illustrates the action. UKX broke above  Fibonacci .618 resistance of the 04/11/22Continue reading “UKX 100 Index is the Upside Leader”

      Bullish Stock Signals From Europe and Asia

Comparing US stocks as represented by the S&P 500 (SPX)  with three other major national stock indices reveals  fascinating clues of what could soon happen. The 2022 stock market decline viewed  on an international scale shows that since late March the SPX has underperformed Japan’s Nikkei 225 (NI225), Germany’s – German Stock Index – DaxContinue reading ”      Bullish Stock Signals From Europe and Asia”

Examination of the Weakest Main US Stock Index

From 04/21/22 to 04/27/22 the main US stock indices, Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (SPX) had a powerful and sharp drops.  Today 04/28/22 the US Gross domestic product report indicated a  1.4% contraction in the first quarter of 2022. All three main US stock indices rallied  strongly on theContinue reading “Examination of the Weakest Main US Stock Index”

       Bull Market in US Government Treasury Yields

The chart courtesy of Trading View illustrates the yields on the 30- year US Government Treasury bonds (TYX), the 10 – year US Government Treasury notes (TNX), and  the 5 – year US Government Treasury Notes (FVX).   Trading  View illustrates the  current FVX  yield as 27.56, I’ve modified the chart to show the yield atContinue reading ”       Bull Market in US Government Treasury Yields”

Important Double Bottom and Top

The 04/06/22 blog “Support Reached and Breached” noted that the S&P 500 (SPX) early day bottom at 4460.00 was near two Fibonacci support points at  4463.72 at 4455.63.  Later in the trading session this support was broken, and the SPX made a lower bottom at 4450.04. It appeared that this break could open the doorContinue reading “Important Double Bottom and Top”

Using Apple Inc. as a Confirming Indicator

Apple Inc. (AAPL) could be an important confirming indicator of the US stock market. The daily AAPL chart courtesy of Trading View reveals some interesting details. AAPL’s all-time high came on the same day 01/04/22 as the S&P 500 (SPX) all- time high. The subsequent decline was very choppy – the signature of a correctionContinue reading “Using Apple Inc. as a Confirming Indicator”

Potential S&P 500 – Support Zones

On a daily chart the S&P 500 (SPX) move up from the 03/14/22 bottom was fast and steep.  The reason is  because shortly after a significant bottom has been recognized , traders are eager to establish long positions. The SPX move off of the 03/23/2020 bottom is a classic example of a move up afterContinue reading “Potential S&P 500 – Support Zones”