Category Archives: Price

On 12/10/21 the US  Consumer Price Index (CPI) was released and recorded a 39 – year high. If high inflation continues it’s  bearish for the average  US consumer, increasing  inflation tends to be greater than increasing  earnings. Inflation by itself may  not be bearish for stocks, its what happens to yields/rates that have an effectContinue reading “Bearish News – Bullish Reaction”

The combined  Point & Figure cluster and Fibonacci support  noted in the prior blog  has held.  The S&P 500 (SPX) 15 – minute chart courtesy of Trading View illustrates  the move up. The rally on 11/29/21 retraced  a  little more  than 50% of the decline from 11/22/21 to 11/26/21.  The  rally  could be an ElliottContinue reading “Stock Support Holds”

On 11/26/21 the report of a new Coronavirus variant triggered a global stock market selloff.  The UK – 100 Index (UKX) was down 3.64%. The German Stock Index (DEU) was down 4.15%. The Hang Seng Index down 2.67% and the Nikkei 225 Index (NI225) was down 2.53%. The US stock market as measured by theContinue reading “S&P 500 Reaches Important Support Level – 11-26-21”

Money goes to where its  treated  best.  In  the US since early 2020 with extremely low interest rates/yields on US Treasury bonds/notes,  the stock market has  offered the best place for investment capital.   Stocks could soon have competition in the form of rising  interest rates.  At some point stock fund managers could be motivated toContinue reading “Rising Short-Term Interest Rates”

The 10/22/21 blog “Hourly Bearish Divergences” noted that the S&P 500 (SPX) could be forming an Elliott wave – Running Horizontal Triangle, in  this structure wave “B” marginally exceeds  the Horizonal Triangle point of origin.  In this case the SPX 09/02/21 peak. The most common Fibonacci relationship between waves “B” and “A” of a RunningContinue reading “S & P 500 at Short-Term Resistance”

Today 10/27/21 was the first significant down day for the S&P 500 (SPX) since the rally began on 10/13/21. Assuming the rally is complete the combination of Point & Figure charting and Fibonacci retracement analysis is an effective method to discover potential support levels. Point & Figure charts consist of columns of X’s and O’sContinue reading “How to Find Support Levels Using Fibonacci Analysis with Point & Figure Charts”

For several months evidence has suggested  the US stock market could be approaching the end of the bull run since at least March 2020.  A  long-term comparison of the S&P 500 (SPX) with Crude Oil – WTI (CL2!) may give us a preview of what could happen in the next few months. The monthly CL2!Continue reading “Comparison of Crude Oil and the US Stock Market”

The “S&P 500 Near Important Support 10-14-21” blog noted the S&P 500 (SPX) was near overhead and Fibonacci resistance in the SPX 4440 to 4465 area.  Subsequently the SPX pushed above the resistance and has now reached the final resistance zone of the 09/02/21 to 10/04/21 decline. Trading View has an index called SPX500 whichContinue reading “Short – Term  Target of Opportunity”

Today 10/14/21 the S&P 500 (SPX) rallied to just below important resistance. Fibonacci .618 retrace of the 09/02/21 to 10/04/21 decline. Maximum volume using the Market Profile method on S&P 500 E-Mini futures is near the .618 retracement. Broad chart overhead resistance. The SPX 60 – minute chart courtesy of Trading View illustrates the actionContinue reading “S&P 500 Near Important Resistance 10-14-21”

Today’s 10/07/21 powerful opening rally of US stocks added evidence that the decline from early September is probably a correction within an ongoing bull market.  The big question – is the S&P 500 (SPX) 10/04/21 bottom the end of the correction? What happened during today’s trading session puts doubt in the case that a newContinue reading ”     Are Stock Bulls in Control?”