Category Archives: Price

The  Next  S&P 500 – Support Level

Today 06/14/22 the S&P 500 (SPX) moved marginally below the declining daily trendline support and chart support from bottoms made  in March 2021.  Because  the move below support was minor it could be break out fake out. On 06/15/22 the FOMC interest decision could trigger a more decisive move.  If the move is down PointContinue reading “The  Next  S&P 500 – Support Level”

Watch the S&P 500 – Trendline – Part Two

The 06/11/22 blog “Watch the S&P 500 – Trendline” concluded with the following. “The bears are in control – important points to watch are –  support zone near 3880, the 05/20/22 bottom at 3810.32, and the declining  daily trendline.” The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. Today 06/13/22 theContinue reading “Watch the S&P 500 – Trendline – Part Two”

The Bulls Hold Their Ground

Today 06/07/22 the S&P 500 (SPX) opened down sharply from the prior session and looked like it would break below important support. The 30 – minute SPX chart courtesy of Trading View illustrates  the action. The support held, and for most of the session the SPX trended higher.  The late session break above the decliningContinue reading “The Bulls Hold Their Ground”

UK 100 Could Soon Make an All-Time High

As of 05/27/22 the US stock market represented by the S&P 500 (SPX) was 13.70% below its all-time high made on 01/04/22.  On 05/27/22  the UK 100 (UKX) was 4.27% below its all-time high made on 05/22/18 and only 1.58% below its 2022 high made on 02/10/22. The 05/15/22 blog “Bullish Stock Signals  From EuropeContinue reading “UK 100 Could Soon Make an All-Time High”

UKX 100 Index is the Upside Leader

The 05/15/22 blog “Bullish Stock Signals From Europe and Asia illustrated that the UKX 100 Index (UKX) was the strongest of four major national stock indices. Today 05/17/22 UKX , had two additional bullish signals. The daily UKX  chart courtesy of Trading  View illustrates the action. UKX broke above  Fibonacci .618 resistance of the 04/11/22Continue reading “UKX 100 Index is the Upside Leader”

      Bullish Stock Signals From Europe and Asia

Comparing US stocks as represented by the S&P 500 (SPX)  with three other major national stock indices reveals  fascinating clues of what could soon happen. The 2022 stock market decline viewed  on an international scale shows that since late March the SPX has underperformed Japan’s Nikkei 225 (NI225), Germany’s – German Stock Index – DaxContinue reading ”      Bullish Stock Signals From Europe and Asia”

Examination of the Weakest Main US Stock Index

From 04/21/22 to 04/27/22 the main US stock indices, Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (SPX) had a powerful and sharp drops.  Today 04/28/22 the US Gross domestic product report indicated a  1.4% contraction in the first quarter of 2022. All three main US stock indices rallied  strongly on theContinue reading “Examination of the Weakest Main US Stock Index”

       Bull Market in US Government Treasury Yields

The chart courtesy of Trading View illustrates the yields on the 30- year US Government Treasury bonds (TYX), the 10 – year US Government Treasury notes (TNX), and  the 5 – year US Government Treasury Notes (FVX).   Trading  View illustrates the  current FVX  yield as 27.56, I’ve modified the chart to show the yield atContinue reading ”       Bull Market in US Government Treasury Yields”

Important Double Bottom and Top

The 04/06/22 blog “Support Reached and Breached” noted that the S&P 500 (SPX) early day bottom at 4460.00 was near two Fibonacci support points at  4463.72 at 4455.63.  Later in the trading session this support was broken, and the SPX made a lower bottom at 4450.04. It appeared that this break could open the doorContinue reading “Important Double Bottom and Top”