For more than one year there’s been an inverse relationship between U.S. utility stocks and U.S. interest rates. When interest rates rise utility stocks decline. The Dow Jones Utility Average (DJU) could soon be signaling an important U.S. interest rate peak. The 09/21/23 blog “Upside Target for U.S. Treasury Yield” noted that U.S. 30 –Continue reading “Utility Stocks and Interest Rates Connection”
Category Archives: Price
An Approaching Death Cross
The Dow Jones Industrial Average (DJI) could soon have an important “Death Cross” (DC) signal. When the 50 – day Moving Average (MA) line crosses beneath the 200 – day – MA it’s called a Death Cross – bearish signal. When the 50 – day – MA crosses above the 200 – day – MAContinue reading “An Approaching Death Cross”
U.S. Stocks in Steady Decline
Today 10/26/23 all three main U.S. stock indices made new post July 2023 decline lows; the drop could continue into at least early November. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. The 10/25/23 blog “Support Breaks Without a Panic” noted there was a bullish SPX – RSI divergence vs.Continue reading “U.S. Stocks in Steady Decline”
Support Breaks Without Panic
The S&P 500 (SPX) broke below chart support at 4,216.45 and the SPX – 200 – day moving average (MA). So far no panic. If the decline continues it could be a steady drop until 11/01/23. The daily SPX chart courtesy of Trading View illustrates the action. The bearish factor on the chart is theContinue reading “Support Breaks Without Panic”
Crude Oil Update – 10/24/23
The 10/21/23 blog “Crude Oil Update – 10/20/23” illustrated that Crude Oil (CL2!) had peaked at a Fibonacci .66 retracement of its prior drop. The top came at a Fibonacci .66-Fibonacci time ratio. The 30 – minute CL2! – chart courtesy of Trading View updates the action. Today 10/24/23 CL2! – broke decisively below importantContinue reading “Crude Oil Update – 10/24/23”
Rising Interest Rates, Falling Stocks – Part Two
Today 10/19/23 the yields for 5, 10, and 30 – year U.S. government debt made new 2023 highs. Correspondingly U.S. stocks as represented by the S&P 500 (SPX) declined .85%. The daily SPX chart courtesy of BigCharts.com illustrates the action. At the SPX low on 10/19/23 it had retraced .699 of the rally from 10/03/23Continue reading “Rising Interest Rates, Falling Stocks – Part Two”
More Bullish Evidence for U.S. Stocks – 10/09/23
The S&P 500 (SPX) opened the 10/09/23 session down 19.47 points. It appeared a significant decline could be developing. After about 80 – minutes the bears were only able to move marginally below the opening bottom. Subsequently there was another relentless rally that continued though most of the session. The daily SPX chart courtesy ofContinue reading “More Bullish Evidence for U.S. Stocks – 10/09/23”
Intermediate Bottom for U.S. Stocks?
Something happened on 10/06/23 that indicates U.S. stocks may have made an intermediate bottom. One part of the “Volume Profile” analysis method is measuring a markets opening range. The best way to use “Volume Profile” for the S&P 500 (SPX) is to examine the nearest S&P 500 – E – Mini futures contract, currently DecemberContinue reading “Intermediate Bottom for U.S. Stocks?”
S&P 500 – Support Reached – 10/04/23
The 09/30/23 blog “S&P 500 – Nearing Support – 09/29/23” noted. (The presumed pattern from the 09/01/23 high could be complete on 10/02/23 or 10/03/23 in the area of 4,225 to 4,175.) On 10/03/23 the S&P 500 (SPX) low was 4,216.45. The daily SPX chart courtesy of Trading View updates the action. Daily RSIContinue reading “S&P 500 – Support Reached – 10/04/23”
S&P 500 – Nearing Support Zone – 09/29/23
The 09/23/23 blog “Possible Major S&P 500 – Bottom October 2023” noted that on 09/22/23 the S&P 500 (SPX) broke below the low end of a double bottom at 4,328.08. The blog illustrated the next support could be in the upper 4,100 to low 4,200 area. The daily SPX chart courtesy of Trading View updatesContinue reading “S&P 500 – Nearing Support Zone – 09/29/23”
Four Dimension Trading 