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”
Category Archives: Price
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”
U.S. 30 – Year Treasury Yield Update – 09/06/24
The 08/04/24 blog “U.S. 30 – Year Treasury Yield – Fibonacci Time and Price Analysis” illustrated price and time targets for the U.S. 30 – year Treasury yield (TYX). Weekly Fibonacci time analysis targeted the first week of September 2024 for a potential turn. Daily Fibonacci time analysis targeted 08/30/24 for a possible turn date.Continue reading “U.S. 30 – Year Treasury Yield Update – 09/06/24”
Downside Rollover of the S&P 500 – September 2024
The 09/01/24 blog “Dow Jones Industrial Average – Fibonacci Price and Time Relationships- August 2024” noted that the Dow Jones Industrial Average could decline after Labor Day. Immediately after Labor Day most U.S. stock indices began to fall. Momentum indicators imply this could be the beginning of a significant drop. The weekly S&P 500 (SPX)Continue reading “Downside Rollover of the S&P 500 – September 2024”
Gold Topping Process – 09/05/24
Gold in U.S. dollars could soon make a significant peak. The 08/25/24 blog “Gold Update – 08/23/24 noted. “If Gold can move above its current all-time high set on 08/20/24 the rally may not last very long or go very high.” On 09/05/24 Gold in U.S. dollars (XAUUSD) appears to be poised to move aboveContinue reading “Gold Topping Process – 09/05/24”
Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024
The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”
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