Since 10/13/22 the Dow Jones Industrial Average (DJI) has been the most bullish of the three main US stock indices. In only 21 -trading days the DJI has retraced 62.1% of a nine-month decline. The Golden Fibonacci ratio of .618 or 61.8% is frequently a support/resistance level. With a nearly precise hit of an importantContinue reading “Price Forecast for US Stock Market Top”
Category Archives: Price
Follow the Leader – Part Two
The 11/05/22 blog “Follow the Leader” noted that the Dow Jones Industrial Average (DJI) was the most bullish of the three main US stock indices, and to watch its 200 – day moving average (MA). Today, 11/10/22 the DJI has decisively broken above two resistance points implying the rally could continue for several weeks. TheContinue reading “Follow the Leader – Part Two“
Energy Stocks Lead the Way Up
The most bullish sector of the US stock market are the energy stocks. The SPDR Select Sector Fund – Energy Sector (XLE) is on the verge of making a new 2022 high. If this ETF continues to rally it could provide clues for a significant broader US stock market top. The 10/09/22 blog “The RelationshipContinue reading “Energy Stocks Lead the Way Up“
Follow the Leader
The Dow Jones Industrial Average (DJI) has retraced 50% of its 2022 bear move and is currently the most bullish of the three main US stock indices. The DJI action in the next few trading days could determine the direction of US stocks for the rest of 2022. No market indicator or system is effectiveContinue reading “Follow the Leader”
Bullish Evidence From the United Kingdom Stock Market
The prior blog “Bullish Evidence From the Mexican Stock Market” examined evidence from the main Mexican stock index – IPC Mexico (ME). The subject of this current blog is the United Kingdom main stock index – UK 100 (UKX). The daily UKX chart courtesy of Trading View illustrates its action. The UKX like the MEContinue reading “Bullish Evidence From the United Kingdom Stock Market“
Bullish Evidence From the Mexican Stock Market
Traders/Investors could improve their chances of success by expanding the horizon of what they view. When it comes to trading national stock indices – take a global perspective. For example, if you trade one of the main US stock indices such as the S&P 500 (SPX), also watch what’s happening in other main national stockContinue reading “Bullish Evidence From the Mexican Stock Market“
The Relationship Between Stocks and Bonds
Some traders/investors think that when stocks go up bonds go down, the reverse if stocks are going down. This is not always true. Sometime stocks trade inverse to bonds, sometimes they trade together. If on 10/24/22 US government treasury bonds made an intermediate bottom it’s rally could correspond with US stocks rising. The I-Shares 20Continue reading “The Relationship Between Stocks and Bonds“
Important Interest Rate Divergence
Additional Evidence that US interest rates may have hit an intermediate peak. The following chart is courtesy of Trading View. TYX – the Trading View symbol for 30 – year yields. TNX – the Trading View symbol for 10 – year yields. FVX – the Trading View symbol for 5- year yields. On 10/24/22 TYXContinue reading “Important Interest Rate Divergence”
Intermediate Top For Interest Rates?
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?“
US Interest Rates Could be Near a Top
For several months interest rates in the US have been surging higher, they could soon be reaching an intermediate peak. The monthly 30 – year CBOE Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long-term view. TYX is nearing a Fibonacci .236 retracement of the colossal 39 – year bear market thatContinue reading “US Interest Rates Could be Near a Top“
Four Dimension Trading 