Category Archives: Price

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?“

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”

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“

The S&P 500 (SPX) early in the 08/26/22 session made a marginal new high for the rally that began on 08/24/22.  Triggered by comments from FOMC chairman Powell – US stocks then fell sharply.  The start of major bear wave down?  Indicators and Fibonacci retracement  levels reveal some fascinating clues. The daily SPX chart courtesyContinue reading “Dramatic Decline – 08/26/22“

The previous blog “Declining into a Value Area – 08/22/22 presented evidence that US stocks could be finding support on either 08/22/22 or 08/23/22.  A  bottom was made on 08/24/22 just slightly below the area illustrated on the SP – E-Mini continuous chart.  There’s a good chance that a multi-day rally may have commenced. TheContinue reading “Rising From a Value Area – 08/25/22“