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”
Category Archives: Price
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”
Rally into Resistance
On 04/07/22 at mid-day the S&P 500 (SPX) declined to 4450.30 just above the 04/06/22 low at 4450.04. The SPX – 15-minute chart courtesy of Trading View illustrates the action. The subsequent rally peaked at 4521.16 almost a bulls eye hit of the Fibonacci .382 retracement of the 03/29/22 to 04/06/22 decline. The exact .382Continue reading “Rally into Resistance”
Apple Inc. Leads the Way Up
The 04/02/22 blog “S&P 500 – Decline Update” noted that the rally of the S&P 500 (SPX) since 03/14/22 had been strong and steady, and that the 4590 and was the most likely resistance area. The 5-minute SPX chart courtesy of Trading View illustrates what happened on 04/04/22. Note that even on an intraday chartContinue reading “Apple Inc. Leads the Way Up”
Using Apple Inc. as a Confirming Indicator
Apple Inc. (AAPL) could be an important confirming indicator of the US stock market. The daily AAPL chart courtesy of Trading View reveals some interesting details. AAPL’s all-time high came on the same day 01/04/22 as the S&P 500 (SPX) all- time high. The subsequent decline was very choppy – the signature of a correctionContinue reading “Using Apple Inc. as a Confirming Indicator”
Persistent Rally Continues – Part Two
On 03/28/22 the S&P 500 (SPX) moved above the Fibonacci .618 retrace level of the January to February decline. Today 03/29/22 the SPX moved above important chart resistance. The daily SPX chart courtesy of Trading View illustrates the action. The door is open for an SPX assault on the all-time high at 4818.62.
Potential S&P 500 – Support Zones
On a daily chart the S&P 500 (SPX) move up from the 03/14/22 bottom was fast and steep. The reason is because shortly after a significant bottom has been recognized , traders are eager to establish long positions. The SPX move off of the 03/23/2020 bottom is a classic example of a move up afterContinue reading “Potential S&P 500 – Support Zones”
Four Dimension Trading 