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”
Category Archives: Time
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?”
It’s About Time
Currently the most important factor for U.S. stocks is the dimension of time. In Technical analysis of markets and stocks a great deal of attention is focused on price patterns. Some attention examines momentum, and usually only a small amount of attention deals with time. The time dimension involves examining how long price rise/fall, cyclesContinue reading “It’s About Time”
Examination of July to October Stock Market Declines
The have been three instances in the past twenty – five years when the S&P 500 (SPX) made an important top in July and an important bottom in October. A study of these declines could provide clues to a potential SPX July to October 2023 drop. Market forecasting is similar to weather forecasting. By studyingContinue reading “Examination of July to October Stock Market Declines”
Stock Market Downgrades U.S. Economy
The recent Fitch downgrade of U.S. debt may have surprised some people. For those following S&P 500 – stock sectors, it probably came as confirmation that the U.S economy could be weakening. The weekly S&P 500 (SPX) chart courtesy of Trading View compares it to three stock sectors. The 07/16/23 blog “S&P 500 –Continue reading “Stock Market Downgrades U.S. Economy”
The July 20th Topping Phenomenon
Occasionally significant S&P 500 (SPX) tops have occurred in July. During the past 25 – years there have been five instances of SPX important July peaks. These prior July tops provide fascinating clues to a potential SPX 2023 high. First a review of the potential time cycle turn that was due late June to earlyContinue reading “The July 20th Topping Phenomenon”
Mind Blowing Fibonacci Relationships
This websites prior blog noted that statistically 07/03/23 could be a bullish day, and because of the shortened trading day any new rally high could be marginal. Today 07/03/23 all three of the main U.S. stock indices closed the day up. None of the indices made a new post October 2022 rally high – theContinue reading “Mind Blowing Fibonacci Relationships”
Potential Fibonacci Time Ratio Turn Due – June 2023
The prior blog detailed a potential Spiral Calendar turn date for U.S. stocks in June 2023. Using a different methodology and two different U.S. stock market peaks also reveal a potential turn due in June 2023. U.S. stocks in late 2018 were in a significant decline, which appeared particularly ominous because it was occurring duringContinue reading “Potential Fibonacci Time Ratio Turn Due – June 2023”
Potential Spiral Calendar Turn Due – June 2023
Christopher Carolan’s 1992 book “The Spiral Calendar” explains how he discovered and developed a method of forecasting market turns using lunar cycles. Chapter 10 of the book is called “Future Forecasts” and illustrates how the Spiral Calendar could pinpoint market turns years or even decades into the futures. One of those forecasts – made inContinue reading “Potential Spiral Calendar Turn Due – June 2023”
Technology Stock Mania
The rally in U.S. stocks since the March 2023 bottom has been very selective. While some sectors are lagging, the Technology sector has led the way up. This sector as measured by the SPDR Select Sector Fund – Technology (XLK) has reached the area of its all-time high made in December 2021. A significant doubleContinue reading “Technology Stock Mania”