Price – Page 13 – Four Dimension Trading

Nasdaq Pinnacle

On 10/30/24 the Nasdaq Composite (IXIC) made a very lonely all-time high. It’s peak was not confirmed the other two main U.S. stock indices, S&P 500, and the Dow Industrial Average. The sub-index Nasdaq 100 also failed to reach a new high. And amazingly none of the “Magnificent Seven” stocks that have been the drivingContinue reading “Nasdaq Pinnacle”

Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24

The 09/15/24 blog “Microsoft and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak. Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”

Mixed Signals – Part – Two

Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24. Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day. S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”

Mixed Signals – 10/16/24

The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16. On 10/14/24 one trading day later SPX made a new all-time high. The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”

Rising Tide for Long – Term U.S. Interest Rates

Yields for the 30 – Year U.S. Treasury Bond (TYX) have moved above important chart resistance and could be poised to move higher. The 09/25/24 blog “Rising U.S. Interest Rates – 09/25/24” illustrated that the next TYX resistance point was the 09/03/24 peak at 4.206. Subsequently TYX has moved above that point and has reachedContinue reading “Rising Tide for Long – Term U.S. Interest Rates”

Analogy between the S&P 500 in 2007 and 2024

Sometimes markets can form similar patterns to prior bull or bear movements. What’s happening to the S&P 500 (SPX) since July 2024 could be matching the action in 2007. The daily SPX chart courtesy of Trading View compares what’s happening in 2024 to 2007. On 07/16/07 the SPX made an intermediate top then declined intoContinue reading “Analogy between the S&P 500 in 2007 and 2024”

Important Double Bottom – 10/02/24

The S&P 500 (SPX) has formed a double bottom which could be the most important near – term area on the chart. The 30 – minute SPX chart courtesy of Trading View illustrates the intraday action. Today 10/02/24 the SPX low of the day was 5,674.00 almost a bulls eye hit of the bottom madeContinue reading “Important Double Bottom – 10/02/24”

Crude Oil Trending Down – 09/27/24

Crude Oil is seasonally bearish into December, the current decline could continue for several weeks. The weekly Crude Oil – continuous next contract chart (CL2!) courtesy of Trading View illustrates the long – term view. Crude Oil could be drawn down to a Fibonacci .618 retracement of the April 2020 to March 2022 bull market.Continue reading “Crude Oil Trending Down – 09/27/24”

Rising U.S. Interest Rates – 09/25/24

Trendline and momentum indicators imply long-term rates are in a bull market. The daily CBOE 30- year Treasury Yield (TYX) courtesy of Trading View updates the action. TYX has broken above the declining trendline connecting the 08/08/24 to 09/03/24 peaks. Daily RSI is well below the overbought level which begins at 70.00. MACD lines areContinue reading “Rising U.S. Interest Rates – 09/25/24”

Gold Topping Process – Part Two – 09/12/24

The 09/05//24 blog “Gold Topping Process – 09/05/24” noted “Gold in U.S. dollars could soon make a new all – time high in the area of 2,540 to 2,550”. Today 09/12/24 Gold in U.S. dollars (XAUUSD) made a new all-time high at 2.560.16. The weekly Gold chart courtesy of Trading View updates the long-term action.Continue reading “Gold Topping Process – Part Two – 09/12/24”