What happens in April could determine the course of U.S. stocks for the remainder of 2024. Most perhaps all markets have seasonal tendencies. Sometimes the most powerful signals can occur when a market moves counter to its seasonal pattern. The monthly 2007 to 2009 – S&P 500 (SPX) chart courtesy of Trading View illustrates aContinue reading ” Seasonal Patterns of the S&P 500″
Category Archives: Time
Quarter Turn – Stock Market Turn
The start of the 2024 second quarter has seen declines in the U.S. and other national stock markets. The 03/24/24 blog “Major Fibonacci Time Cycles” illustrated an S&P 500 (SPX) turn in March 2024 using Fibonacci sequence numbers. The SPX all-time high came on 03/28/24. If the March 2024 SPX high holds it could beContinue reading “Quarter Turn – Stock Market Turn”
Two Characteristics of a High Probability Winning Trade
One market currently has two factors that strongly imply at least a one-month bull run. That market is Soybeans. Most of the information about the current Soybean bullish set up comes from a recent interview with the legendary trader, author, and market analyst Larry Williams. The weekly continuous Soybean chart courtesy of Barchart.com illustrates theContinue reading “Two Characteristics of a High Probability Winning Trade”
Major Fibonacci Time Cycles
Shortly after R.N Elliott discovered the “Wave Theory” he also found that markets can occasionally have time movements measured by the Fibonacci sequence. The Fibonacci sequence is as follows ( 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, to infinity). It’s possible the S&P 500 (SPX) could have a major FibonacciContinue reading “Major Fibonacci Time Cycles”
Short- Term S&P 500 – Elliott Wave Count – 03/15/24
The 03/13/24 blog “S&P 500 – Elliott Wave Pattern From October 2023” illustrated that the S&P 500 (SPX) may have completed a Minor wave “4” decline on 03/11/24. Subsequent action suggests Minor wave “4” could still be developing. The 30-minute SPX chart courtesy of Trading View illustrates the action since late 2023. Within five –Continue reading “Short- Term S&P 500 – Elliott Wave Count – 03/15/24”
Nearing an Important Anniversary Date
On February 9. 1966 the Dow Jones Industrial Average (DJI) reached 1,001.11, an all-time that terminated a 24 – year secular bull market that began in April 1942. Perhaps the S&P 500 (SPX) could end a 15 – year secular bull market near 5,000 close to or on February 9, 2024. The daily DJI chartContinue reading “Nearing an Important Anniversary Date”
The Final Rally for U.S. Stocks?
The 01/25/24 blog “Basing for the Final Rally?” noted, “The DJI and SPX have the best chance of another all-time high being made on 01/26/24.” On 01/26/25 the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made all-time highs. This could be the final rally, and pinnacle of the U.S. stock bull market. Continue reading “The Final Rally for U.S. Stocks?”
S&P 500 – Fibonacci Time Cycles – 01/19/24
Occasionally markets and individual stocks can turn at Fibonacci time cycle points. Time cycles do not indicate a top or a bottom. Market action going into the times cycle determines the potential turn. The S&P 500 (SPX) has rallied into two potential Fibonacci time cycle. The daily SPX chart courtesy of Trading View illustrates aContinue reading “S&P 500 – Fibonacci Time Cycles – 01/19/24”
Trading at the Cusp of a New Year – 2024
The phenomenon of markets changing direction near a new year was examined in the 12/29/21 blog “Market Turns Near the Turn of a New Year” and noted. “Occasionally markets could have a turn near a new year. The most logical reason for this phenomenon is to defer taxes on profits into the next year. AnotherContinue reading “Trading at the Cusp of a New Year – 2024”
Amazing Fibonacci Calculations – December 2023
Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”