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”
Category Archives: Price
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”
At the Bear Panic Point
Today 0/12/23 the S&P 500 (SPX) broke above Fibonacci resistance in the 3,970 area then reached the bear panic point close to 4,000. While short-term momentum continues to suggest a small decline, longer-term momentum implies a rally that could last for several weeks. The daily SPX chart courtesy of Trading View updates the action. TheContinue reading “At the Bear Panic Point”
Swinging New Year
The open of the first trading day of 2023 had a sharp rally that threatened important resistance. The bears then repelled this advance with a sharp drop that failed to break below important support. The SPX – 15 – minute chart courtesy of Trading View illustrates the action since mid-December. A break below the risingContinue reading “Swinging New Year”
Persistent Bear Market Rallies
The U.S economy is suffering the highest inflation rates in forty years. The FOMC has been aggressively raising short -term interests rates. Is it possible for the S&P 500 (SPX) to rally above its 12/13/22 – 4,100 top? Two examples illustrate that the SPX can have persistent bear market rallies regardless of bearish factors. Continue reading ” Persistent Bear Market Rallies”
Bear Panic Point
During 2022 the U.S economy suffered the highest inflation rates in 40 – years. The prior high inflation era lasted from 1968 to 1980, it’s likely the current cycle could continue for at least several years. The FOMC has been aggressively raising short – term interest rates and are likely to continue raising rates. TheContinue reading “Bear Panic Point”
Four Dimension Trading 