The 09/15/24 blog “Microsoft and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak. Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”
Category Archives: Elliott Wave
Mixed Signals – Part – Two
Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24. Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day. S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”
Mixed Signals – 10/16/24
The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16. On 10/14/24 one trading day later SPX made a new all-time high. The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”
Long-Term S&P 500 – Elliott Wave Count – 09/20/24
The S&P 500 (SPX) may have completed an extended Elliott five wave pattern from the October 2022 bottom. The weekly SPX chart courtesy of Trading View updates the action. The move up from October 2022 to January 2023 is a series of one’s and two’s which is the basing pattern for a long and powerfulContinue reading “Long-Term S&P 500 – Elliott Wave Count – 09/20/24”
The Case for Rising U.S. Interest Rates
After almost a year of anticipation the U.S. FOMC lowered short-term interest rates by a half of a percent. Happy days are here again! Are they? From just before the announcement longer – term U.S. interest rates have been rising. If the trend continues it could be detrimental to the U.S. economy. The weekly chartContinue reading “The Case for Rising U.S. Interest Rates”
Buy the Rumor Buy the News
After the 09/18/24 U.S – FOMC announcement U.S stocks rallied then reversed and the three main U.S stock indices ended the session near the lows of the day. It looked like a classic example of “buy the rumor sell the news”. On 09/19/24 U.S. stock bulls other plans. The Dow Jones Industrial Average (DJI) chartContinue reading “Buy the Rumor Buy the News”
Microsoft and Alphabet Inc. Elliott Wave Patterns
Much of the S&P 500 (SPX) upside performance through 2023 and 2024 has come from the so called “Magnificent Seven Stocks”. These stocks are Alphabet Inc. (GOOGL), Amazon (AMZN),Apple, (AAPL), Meta Platforms (META), Microsoft (MSFT) Nvidia, and Tesla (TSLA). As of 05/07/24 these 7 stocks made up 29% of the SPX gains. The other 71%Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns”
Gold – Elliott Wave Count – 09/13/24
Gold in U.S. dollars (XAUUSD) could soon make a primary degree peak. The daily Gold chart courtesy of Trading View illustrates the Elliott wave count since October 2022. Elliott wave analysis is a process of breaking markets into segments. You start from the most significant high or low to discover the main segment. From thatContinue reading “Gold – Elliott Wave Count – 09/13/24”
Dow Jones Industrial Average Important Top – 08/30/24
Recent blogs on this website illustrated the Dow Jones Industrial Average (DJI) could make an important top on 09/03/24. It now appears an important top may have been made on 08/30/24. The DJI 5 – minute chart courtesy of Trading View updates the action. From the 08/22/24 bottom the DJI appeared to be forming anContinue reading “Dow Jones Industrial Average Important Top – 08/30/24”
Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024
The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”
Four Dimension Trading 