Category Archives: Price

Near-Term Gold Shorting Opportunity – 04/17/25

For several months Gold prices have pushed higher and could continue higher in 2025.  However, near-term conditions present an opportunity for aggressive traders to short Gold. The weekly Gold futures chart courtesy of Barchart.com updates Gold sentiment. Each week the Commitment of Traders (COT) report tracks the net contract positions for various Futures. There areContinue reading “Near-Term Gold Shorting Opportunity – 04/17/25”

A Super Rally for U.S. Interest Rates? – Part – Two

                        The 02/02/25 blog “A Super Rally for U.S. Interest Rates?” noted “In the coming months U.S. Treasury yields/rates could have a dramatic rise”.  The dramatic rise may have begun last week. The weekly U.S. 30 – Year Treasury Bond yield (TYX) chart courtesy of Trading View illustrates the long – term picture. TheContinue reading “A Super Rally for U.S. Interest Rates? – Part – Two”

Imminent Death Cross – 04/11/25

The S&P 500 (SPX) 50 – day- Simple moving average (SMA) is on the verge of crossing below the 200 – day SMA.  This presumably bearish signal called the “Death Cross” could trigger more downside action. The daily SPX chart courtesy of Trading View shows what’s happening. A Death Cross could happen in one orContinue reading “Imminent Death Cross – 04/11/25”

Important Near- Term S&P 500 – Support/Resistance

The daily S&P 500 chart courtesy of Trading View updates the action.  Most of the time important market turns are made with at least one momentum bullish/bearish divergence.  The MACD and RSI readings are based on closing price.  The lowest S&P 500 (SPX) closing price for the decline that began on 02/19/25 was made onContinue reading “Important Near- Term S&P 500 – Support/Resistance”

The Next Potential S&P 500 – Support Area

Today 04/07/25 the S&P 500 (SPX) bottomed out just above the SPX peak made in January 2022.  Please see this website 04/06/25 blog.  Assuming this bottom does not hold, there’s another support area that could be reached next week. The daily SPX – Point & Figure chart courtesy of StockCharts.com illustrates a possible support area.Continue reading “The Next Potential S&P 500 – Support Area”

S&P 500 – Price and Time Targets Hit!

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom around the 08/05/24 mini crash bottom 04/03/25 or 04/04/25. The 08/05/24 bottom was at 5,119.26, the low SPX low on 04/04/25 was 5,069.90.  Evidence from SPX momentum oscillators reveal clues to what could soon happen. TheContinue reading “S&P 500 – Price and Time Targets Hit!”

Alternate Time Forecast for Intermediate S&P 500 Bottom

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom in the 5,100 area on 04/03/25 or 04/04/25.   The price forecast remains the same and given the SPX powerful decline on 03/28/25 it’s possible to reach 5,100 by 04/03/25 or 04/04/25.   However, there is another timeContinue reading “Alternate Time Forecast for Intermediate S&P 500 Bottom”

Lessons From the 200 – Day Moving Average

A very effective indicator to determine the long – term trend of a market or a stock is the 200 – day moving average of price.  Generally, when price is above the 200 – day moving average, the trend is bullish.  When the price is below the average the trend is bearish.  When price isContinue reading “Lessons From the 200 – Day Moving Average”

S&P 500 – Resistance Update – 03/24/25

The daily S&P 500 (SPX) chart courtesy of BigCharts.com updates the action. On 03/24/25 the SPX moved above the Fibonacci .382 retracement level of the February to March 2025 decline and the 200 – day Simple Moving Average (SMA).  Of the two the widely followed 200- day SMA is more important.      If SPX continuesContinue reading “S&P 500 – Resistance Update – 03/24/25”