Category Archives: Price

Today, 11/17/22 the S&P 500 (SPX) had some  fascinating intraday reversals  that could give hints to the  broader trend. The 15 – minute SPX chart courtesy of Trading View illustrates  the price action since the 10/13/22 bottom. Note that the SPX low on 11/17/22 was  just above a Fibonacci .236 retracement of the 10/13/22 toContinue reading “S&P 500 Support and Resistance – 11/17/22“

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“

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“

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“

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“

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“

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”