On 06/03/26 the technology stock ETF (XLK) reached its all-time high. After 06/03/26 – S&P 500 (SPX) continued to make new highs and reached their peak on 08/13/26. The bearish divergence of XLK to SPX is significant because technology stocks have been strongest sector of the U.S. bull market that began in April 2025. SPXContinue reading “U.S. Technology Stocks Surging to New Highs?”
Category Archives: Price
Fascinating Fibonacci Levels
Recent S&P 500 (SPX) movements have terminated at very interesting levels. The hourly SPX chart courtesy of Trading View shows the action from July to September. After the U.S. – FOMC decision to raise interest rates the SPX plunged more than 100 – points. It looked like the bears would continue the downward rampage untilContinue reading “Fascinating Fibonacci Levels”
Crude Oil Reaches – 100.00
The prior two Crude Oil blogs on this website noted that Oil bulls were out of time. The 09/06/26 blog illustrated important Crude Oil resistance at 90.00. The bulls were able to blast above the resistance level and reached 100.00. A break above 100.00 next week could open the door to 113.00 and beyond. Continue reading “Crude Oil Reaches – 100.00”
Upside Targets for U.S. Treasury Yields – September 2026
Yields on long and short – term U.S. Treasury Debt have been rising. If the trend continues it could have an adverse effect on the U.S. economy and stocks. The monthly – 30 – year Treasury Yield chart (TYX) courtesy of Trading View shows the very long – term view. Currently monthly RSI has aContinue reading “Upside Targets for U.S. Treasury Yields – September 2026”
Are Oil Bulls Out of Time? – Part – Two
In the 08/30/26 blog “Are Oil Bulls Out of Time?” it appeared that Crude Oil may have completed or was close to completion of an Elliott wave – Inverse Horizontal Triangle. The blog noted that a move above the 08/21/26 peak at 85.46 was bullish. This movement did happen and invalidated the presumed Inverse HorizontalContinue reading “Are Oil Bulls Out of Time? – Part – Two”
Watching the Trend Lines – September 2026
Recently many U.S. stocks have been in a sideways channel. A trend line break could provide an important signal. The daily charts of S&P 500 (SPX), Financial sector – ETF (XLF), and Technology sector – ETF (XLK) examines their relationship. After the late March to June- XLK led the U.S. stock market with an amazingContinue reading “Watching the Trend Lines – September 2026”
Spring Bottoms – Summer Peaks
Broad U.S. stock market seasonals patterns usually have peaks in April or May then a decline into October. The old saying “Sell in May and go away”. There are of course exceptions to this broad pattern. Two fascinating instances could provide clues to what may happen later in 2026. The weekly Dow Jones Industrial AverageContinue reading ” Spring Bottoms – Summer Peaks”
Crude Oil Near-Term Target – 95.00
Momentum and Elliott wave structure imply Crude Oil could reach 95.00 in early September 2026. The daily continuous Crude Oil futures (CL2!) chart courtesy of Trading View illustrates its action. From an Elliott wave perspective, the important area to focus on is what happened after the 07/02/26 bottom at 67.12. Please note that after theContinue reading “Crude Oil Near-Term Target – 95.00”
Rising U.S. Interest Rates – August 2026
A multi-month rally in U.S. interest rates may have begun. The 05/16/26 blog “Long – Term Yields Near Major Double Top” noted that U.S. Treasury 30- year bond yields (TYX) were close to moving above a double top at 5.15 made in October 2023 and May 2025. On 05/19/26 TYX broke above 5.15, reaching 5.20. Continue reading “Rising U.S. Interest Rates – August 2026”
Suspicious All-Time High – 07/28/26
Sometimes markets can have significant turns on or near Full/New Moons plus or minus two – trading days. There was a Full Moon on 07/29/26, On 07/28/26 the NYSE Composite (NYA) made an all-time high. However, this high could soon be exceeded. The daily NYA chart courtesy of Trading View illustrates the action since lateContinue reading “Suspicious All-Time High – 07/28/26”
