As we enter mid – July 2026 two U.S. stock market momentum indicators are giving conflicting messages. First a look at the Advance/Decline (A/D) line which has a long history of forecasting significant U.S. stock market turns. The A/D line peaks prior to stock index ultimate peaks, creating a bearish divergence. At significant bottoms theContinue reading “Conflicting Momentum Indicators – July 2026”
Category Archives: Price
Weak Trendline Breakthrough – 07/10/26
The prior blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) since 06/02/26 may have formed an Elliott wave – Horizontal Triangle. As of 07/09/26 SPX was at the edge of a declining trendline from the 06/15/26 peak. The break above this trendline on 07/10/26 should have triggered a powerfulContinue reading “Weak Trendline Breakthrough – 07/10/26”
The Lonely Dow Jones Industrial Average – July 2026
The Dow Jones Industrial Average (DJI) continues to be the only main U.S. stock indices making all-time highs. The daily chart of DJI, S&P 500 (SPX), and Nasdaq Composite (IXIC) courtesy of Trading View updates the action of the three main U.S. stock indices. When only one of the three main U.S. stock indices isContinue reading “The Lonely Dow Jones Industrial Average – July 2026”
Elements of a Stock Market Mania
An examination of two stocks participating in the AI and technology mania reveals fascinating data. The first is Micron Technology Inc. (MU) which was last illustrated in the 05/30/26 blog “Micron Technology Inc. Upside Target”. The weekly MU chart courtesy of Trading View updates the action. There are always alternate Elliott wave counts. The 05/30/26Continue reading “Elements of a Stock Market Mania”
Advance/Decline Lines at New Highs – June 2026
On 06/26/26 both the NYSE Composite Advance/Decline line and the S&P 500 Advance/Decline line made new all-time highs. This factor implies more upside action for both stock indices. The daily NYSE Composite Advance/Decline line ($NYAD) courtesy of StockCharts.com illustrates its action over the last six months. The pattern of the line for six months isContinue reading “Advance/Decline Lines at New Highs – June 2026”
Sector Analysis of the S&P 500 – June 2026
State Street Investment Management has Exchange Traded Funds (ETF) focusing on eleven – S&P 500 (SPX) sectors. An examination of six sectors reveals fascinating momentum data for the broader U.S. stock market. Daily charts courtesy of Trading View examines the three most bullish sectors; Industrials (XLI), Materials (XLB), and Technology (XLK). On 06/18/26 only oneContinue reading “Sector Analysis of the S&P 500 – June 2026”
The First Tracks of a Looming Bear Market?
S&P 500 (SPX) Elliott wave count since 06/02/26 could be the beginning of a bear market. The SPX – 30 – minute chart courtesy of Trading View updates the chart illustrated in the 06/11/26 blog “S&P 500 – Short Term Elliott Wave Count – 06/11/26” The presumed five waves down from 06/02/26 to 06/09/26 couldContinue reading “The First Tracks of a Looming Bear Market?”
Micron Technology Inc. Update – 06/18/26
The 05/28/26 blog “Massive Rally of Micron Technology Inc.” illustrated that Micron Technology Inc. (MU) had a rally of 207% from its 03/31/26 bottom. Amazingly MU continues to climb. The daily MU chart courtesy of Trading View updates the action. As of 06/18/26 MU has risen an incredible 271% from its 03/31/26 bottom! Daily RSIContinue reading “Micron Technology Inc. Update – 06/18/26”
Crude Oil Update – 06/16/26
The 06/13/26 blog “Crude Oil Trendline Watch – June 2026” illustrated that a break below 80.00 could be a signal for a move down to 55.00. The daily Crude Oil chart (CL2!) courtesy of Trading View updates the action. On 06/15/26 the rising trendline was broken. On 06/16/26 Crude Oil went below important support atContinue reading “Crude Oil Update – 06/16/26”
Gold Update – 06/15/26
This website prior blog had noted Gold in U.S. dollars could reach Fibonacci resistance at 4,363.52. Today 06/15/26 Gold’s high was 4,369.48. The four – hour Gold chart courtesy of Trading View updates the action. When using Fibonacci analysis two or more Fibonacci coordinates increase the chances of a potential support/resistance zone. The 06/14/26 blogContinue reading “Gold Update – 06/15/26”
Four Dimension Trading 