Bullish Evidence From the United Kingdom Stock Market

The prior blog “Bullish Evidence From the Mexican Stock Market” examined evidence from the main  Mexican stock index – IPC Mexico (ME).  The subject of this current blog is  the United Kingdom main stock index – UK 100 (UKX). The daily UKX chart courtesy of Trading View illustrates its action. The UKX like the MEContinue reading Bullish Evidence From the United Kingdom Stock Market

Bullish Evidence From the Mexican Stock Market

Traders/Investors could improve their chances of success by expanding the horizon of what they view.  When it comes to trading national stock indices – take a  global perspective. For example, if you trade one of the main US stock indices such as  the S&P 500 (SPX), also watch what’s happening in other main national stockContinue reading Bullish Evidence From the Mexican Stock Market

The Relationship Between Stocks and Bonds

Some traders/investors think that when stocks go up bonds go down, the reverse if stocks are going  down.  This  is  not always  true.  Sometime stocks trade inverse to bonds, sometimes  they trade together.  If  on 10/24/22 US government treasury bonds made an intermediate bottom it’s rally could correspond with  US stocks rising. The I-Shares 20Continue reading The Relationship Between Stocks and Bonds

Important Interest Rate Divergence

Additional Evidence that US interest rates  may have hit an intermediate peak. The following chart is courtesy of Trading  View. TYX – the Trading View symbol for 30 – year yields. TNX – the Trading View symbol for 10 – year yields. FVX – the Trading View symbol for 5- year yields. On 10/24/22 TYXContinue reading “Important Interest Rate Divergence”

Intermediate Top For Interest Rates?

Several clues from interest rates and bonds imply a trend reversal may have begun. The 10/19/22 blog “US Interest Rates Could be Near a Top” noted that the  monthly CBOE  30 – year  Treasury Bond Yield  (TYX) was nearing  a  resistance zone.  The TYX price action on 10/21/22 was dramatic and the first hint ofContinue reading Intermediate Top For Interest Rates?

US Interest Rates Could be Near a Top

For several months interest rates in the US have been surging  higher, they could soon be reaching an intermediate peak. The  monthly 30 – year CBOE Treasury Bond Yield  (TYX) chart courtesy of Trading View illustrates the long-term view. TYX is  nearing  a  Fibonacci .236 retracement of the colossal 39 – year bear market thatContinue reading US Interest Rates Could be Near a Top

Fascinating Fibonacci Price and Time Relationships – 10/14/22

The S&P 500 (SPX) action into the 10/13/14 bottom reveals  clues  that the decline from the 08/16/22 peak could be part of a larger developing Elliott wave pattern. The daily SPX chart courtesy of Trading View illustrates Fibonacci price and time relationships. The SPX rally from 06/17/22 to the peak on 08/16/22 took 40 –Continue reading Fascinating Fibonacci Price and Time Relationships – 10/14/22

S&P 500 – Second Upside Target

Never underestimate the persistance of a stock bull market or a stock bear market rally. To gain a perspective on the persistence of a stock bull market we need to examine the secular US stock bull market that lasted  thirteen years  from October 1987 to March 2000. The monthly S&P 500 (SPX) chart courtesy ofContinue reading “S&P 500 – Second Upside Target”

Day of Decision – 09/02/22

The 08/29/22 blog “Dramatic Decline – Part – Two” noted the next most likely support level for the S&P 500 (SPX) was at the Fibonacci .618 retracement of the 06/17/22 to 08/16/22 rally. On 09/01/22 the SPX low was just above the .618 retracement  level. The one – hour SPX chart courtesy of Trading ViewContinue reading Day of Decision – 09/02/22

Dramatic Decline – Part – Two

Today 08/29/22 the S&P 500 (SPX) broke below the .382 Fibonacci support level; also, bullish momentum divergence were eliminated.  This opens the door for lower prices. The daily SPX chart courtesy of Trading View illustrates  the next near – term support levels. The Fibonacci .50  level is usually a weak support/resistance level.  The Fibonacci .618Continue reading Dramatic Decline – Part – Two