Three converging trendlines could be resistance for the Dow Jones Industrial Average (DJI). The weekly DJI chart courtesy of Trading View Illustrates the long – term view. The trendline connecting January 2022 and December 2024 peaks could be reached during the week of 10/06/25 to 10/10/25. Sometimes prior support trendlines could become resistance. In thisContinue reading “Dow Jones Industrial Average Converging Trendlines”
Category Archives: Price
Bull and Bear Levels to Watch – 09/26/25
After the S&P 500 (SPX) bottom on 04/07/25 there were two mid – April declines of 6%. The subsequent rally has been persistent with only shallow drops. Could the SPX decline after the 09/23/25 peak be another shallow decline? There are two price levels to watch during the 09/29/25 to 10/03/25 trading week. The dailyContinue reading ” Bull and Bear Levels to Watch – 09/26/25″
U.S. Treasury Yields Trending Higher – September 2025
On 09/17/25 the U.S. – FOMC lowered short – term interest rates by 25 – basis points. A few minutes after the announcement the U.S. 30 year – Treasury yield (TYX) bottomed out and began rising. The weekly TYX chart courtesy of Trading View illustrates the long – term picture. Since mid – 2023 -TYXContinue reading “U.S. Treasury Yields Trending Higher – September 2025”
S&P 500 Reaches 6,666!
The 09/13/25 blog “S&P 500 at 6,666?” noted the S&P 500 (SPX) hit 6,600 which was the bull’s eye of a Fibonacci price relationship with the SPX bull market in August 1987. Also noted was that the main U.S. stock indices rarely turn on round numbers. The SPX made a major bottom in March 2009Continue reading “S&P 500 Reaches 6,666!”
S&P 500 at 6,666?
In March 2009 the S&P 500 (SPX) made a major bottom at 666. Perhaps there could be a major peak at 6,666? The 08/16/25 blog “Comparison of the S&P 500 in 1987 vs. 2025” illustrated that there could be a Fibonacci price relationship between the late stage of the SPX 1987 bull market with what’sContinue reading “S&P 500 at 6,666?”
U.S. Stock Rally into 09/17/25?
On 09/11/25 for the second time in two weeks all three main U.S. stock indices: S&P 500 (SPX), Dow Jones Industrial Average, and Nasdaq Composite made new all-time highs. For at least the short-term this is a bullish signal. Another bullish signal is illustrated on the 30-minute SPX chart courtesy of Trading View. The 09/06/25Continue reading ” U.S. Stock Rally into 09/17/25?”
Very Important Trendline – 08/29/25
On 08/27/25 and 08/28/25 the S&P 500 (SPX) made all-time highs unconfirmed by the other two main U.S. stock indices: Dow Jones Industrial Average and Nasdaq Composite. This is a major bearish momentum divergence. However, on 08/28/25, VIX made a new post 04/07/25 bottom. All the major SPX peaks since March 2000 have occurred withContinue reading “Very Important Trendline – 08/29/25”
Microsoft Update – 08/22/25
The 06/07/25 blog “The Strongest Magnificent Seven Stock” noted that at that time Microsoft (MSFT) was the only one of the “Magnificent Seven” stocks to make a new all-time high. Since then, there have been other “Magnificent Seven” to make new all-time highs. However, for the week ending 08/2/25 only Alphabet Inc. (GOOG) reached aContinue reading “Microsoft Update – 08/22/25”
Rally into a Lunar Cycle – 08/22/25
At 10:00 AM – EDT on 08/22/25 the text of FOMC chairman Powell was released. The U.S. stock market immediately had a huge rally which could be the climax of the bull market that began on 04/07/25. Markets sometimes turn on New/Full Moons plus or minus two trading days. There’s a New Moon on SaturdayContinue reading “Rally into a Lunar Cycle – 08/22/25”
Comparison of the S&P 500 in 1987 vs. 2025
There are two seasonal bearish patterns for U.S. stocks. April through May and August through October. In 2025 the S&P 500 (SPX) is roughly following the seasonal pattern it took in 1987. The daily SPX chart courtesy of Trading View illustrates what happened in 1987 and 2025. The SPX peaked in April 1987 then hadContinue reading “Comparison of the S&P 500 in 1987 vs. 2025”