Category Archives: Time

   VIX Makes a New Low – 12/08/23.

On 12/08/23 the S&P 500 (SPX) moved above it’s 12/01/23 high and the top made on 07/27/23.  Corresponding with the new SPX – 2023 high was a new low in the S&P 500 – Volatility Index (VIX).  The new VIX low  implies U.S. stocks could rally into early January 2024.      The daily SPX chartContinue reading ”   VIX Makes a New Low – 12/08/23.”

Echo From the Past

The Dow Jones Industrial Average could soon be repeating a pattern from the 1960’s. The action of the Dow Jones Industrial Average during the week of 11/27/23 to 12/01/23 was like the second stage of a rocket igniting. The daily Dow Jones Industrial Average chart  courtesy of  BigCharts.com (DJIA) shows what happened. After an alreadyContinue reading “Echo From the Past”

Estimating the Next U.S. Stock Market Top

Evidence from the S&P 500 (SPX) – Slow Stochastic and RSI provide clues to when an important U.S. stock market peak could occur.  The daily SPX chart courtesy of BigCharts.com shows what’s happening. On 12/01/23 the Slow Stochastic had a bullish lines cross strongly implying the SPX rally could continue.  The bull cross happened whenContinue reading “Estimating the Next U.S. Stock Market Top”

Time Cycle Turn – Late November 2023

The 08/03/23 blog “Stock Market Downgrades U.S. Economy” illustrated an extremely precise Fibonacci time cycle targeting an S&P 500 (SPX) turn on 07/27/23.  The SPX 10/13/22 to 07/27/23 rally exactly matched the SPX 01/04/22 to 10/13/22 decline.  This precision is very rare, there’s usually leeway around Fibonacci time cycle turns. There could be another FibonacciContinue reading “Time Cycle Turn – Late November 2023”

Crude Oil Update – 10/20/23

At the close of trading on 10/13/23 it appeared that Crude Oil (CL2!) had completed a post-crash bounce.  During the week of 10/16/23 to 10/20/23 – CL2! – made additional upside progress.  The move up from the 10/06/23 bottom still appears to be a bear market rally which could be complete. The daily CL2! –Continue reading “Crude Oil Update – 10/20/23”

Intermediate Bottom for U.S. Stocks?

Something happened on 10/06/23 that indicates U.S. stocks may have made an intermediate bottom. One part of the “Volume Profile” analysis method is measuring a markets opening range.  The best way to use “Volume Profile” for the S&P 500 (SPX) is to examine the nearest S&P 500 – E – Mini futures contract, currently DecemberContinue reading “Intermediate Bottom for U.S. Stocks?”

Crude Oil Top – Additional Evidence

Significant bearish divergence between Crude Oil and Energy stocks indicates a multi-month Crude Oil drop may have begun. On 09/28/23 the Crude Oil Continuous futures (CL2!) reached the highest point of is 2023 bull run.  The CL2! – top was unconfirmed by the Energy stock – Exchange Traded Fund (XLE).  The daily CL2! – andContinue reading “Crude Oil Top – Additional Evidence”

Probable Crude Oil Top – 09/28/23

The 09/17/23 Blog “Crude Oil Elliott Wave Pattern – 09/15/23” noted that an Elliott wave – Inverse Expanding Flat could be nearing completion, with a broad topping zone of 91.50 to 94.80.  Bullseye target at 94.31. The 09/27/23 blog “Crude Oli in Topping Zone” noted Crude Oil could hit the daily rising trend line andContinue reading “Probable Crude Oil Top – 09/28/23”

Turn the Calendar, Turn the Tide?

September is seasonally the most bearish month for stocks. The  08/31/23 bog “It’s About Time” noted, “Today 08/31/23 there’s a Full moon.  The U.S. monthly payroll report is due at 8:30 AM – EDT – 09/01/23.   Labor day is 09/04/23.  Daily SPX – Stochastic is in the overbought zone. U.S. Stocks may have made anContinue reading “Turn the Calendar, Turn the Tide?”