The 02/14/23 blog noted that if the Dow Jones Industrial Average (DJI) broke below channel line support at 33,581.42 it could open the door for a move down to at least 33,000. Early in the DJI 02/17/23 session there was a break below channel line support. The bears had almost an entire session to smashContinue reading “Watch the Channel Lines – Part – Two”
Category Archives: Price
Natural Gas Bottoming Signals
An enormous amount of evidence indicates the Natural Gas bear market since August 2022 could be at or near completion. For six months Natural Gas has declined 75% wiping out more than a year of upside progress. Could there be more downside action? Perhaps, but an examination of evidence from all four market dimensions suggestContinue reading “Natural Gas Bottoming Signals”
Shifting Strength
From 10/13/22 to 12/13/22 the Dow Jones Industrial Average (DJI) retraced 71% of its January to October 2022 bear phase, over performing both the S&P 500 (SPX) and Nasdaq Composite (IXIC). After 12/13/22 the DJI underperform the SPX and IXIC. However, during the week of 02/06/23 to 02/10/23 the DJI exhibited subtle signs of strengthContinue reading “Shifting Strength”
Price Forecast for UK 100 – Major Top
Elliott wave analysis of the UK 100 (UKX) illustrated in the 02/04/23 blog “Rule, Britannia!” indicated that the long, intermediate and short – term UKX bull trend could soon reach a climax. Fibonacci and trendline analysis provides clues as to where a major UKX peak could occur. The monthly UKX chart courtesy of Trading ViewContinue reading ” Price Forecast for UK 100 – Major Top”
How to Use Point & Figure Charts
Point and Figure (PF) charts are a way to visualize price movements and trends in an asset without regard to the amount of time that passes. The columns of X’s represent rising prices. Columns of O’s represent falling prices. This method has been used for more than 130 years and is an excellent tool toContinue reading “How to Use Point & Figure Charts”
Golden Cross Signal – 02/02/23
Today the S&P 500 (SPX) 50 – day moving average (MA) line moved above the SPX 200 – day MA line which is called a “Golden Cross”. Prior to today’s event this has happened only eleven times since December 1998, about one signal every two years. The daily SPX chart courtesy of Trading View putsContinue reading “Golden Cross Signal – 02/02/23”
Additional Bullish Evidence – 02/01/23
Today from the perspective of Fundamental analysis the big news for U.S stocks was – FOMC raises short – term interest rates by .25%. There was also big news for U.S stocks from the perspective of Technical analysis. Bullish evidence for U.S stocks has been developing since early October 2022. This sites 10/08/22 blog “RussellContinue reading “Additional Bullish Evidence – 02/01/23”
Potential Golden Cross
The S&P 500 (SPX) 50 – day moving average (MA) is close to crossing above the SPX 200 – day MA. This is called a Golden Cross. Since 1998 there have been eleven Golden Cross signals that could provide insight into the coming months. The daily SPX chart courtesy of Trading View illustrates its 200Continue reading “Potential Golden Cross”
Trendline Upside Break Out – 01/25/23.
Today 01/25/23 the S&P 500 (SPX) had its third close above both the declining trendline from January 2022 and its 200 – day moving average (MA). The daily SPX chart courtesy of Trading View updates the action. From a time perspective three closes above the line and the moving average is bullish and implies theContinue reading “Trendline Upside Break Out – 01/25/23.”
Philippine Stock Exchange – Update – 01/20/23
Recently several national stock markets have exhibited bullish signals. One of the strongest upside markets is the Philippine Stock Exchange (PSEI). The daily PSEI chart courtesy of Trading View illustrates its performance. Since October 2022 the PSEI has outperformed the S&P 500 (SPX) by a wide margin. From October to December the SPX had aContinue reading “Philippine Stock Exchange – Update – 01/20/23”
Four Dimension Trading 