The 07/26/23 blog “Money Goes Where it is Treated Best” noted that the FOMC raising short-term interest rates could cause stock fund managers to sell stocks in favor of a nearly risk-free return. A rise in long-term interest rates/yields could be averse to stocks. The 07/08/23 blog “Examination of Long and Short-Term Interest Rates” illustratedContinue reading “Rising Long – Term Interest Rates – 07/27/23”
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Philippines Stock Exchange an Elliott Wave Tutorial
The movements of the Philippines Stock Exchange Index (PSEI) in 2023 have been textbook Elliott wave patterns. The daily PSEI chart courtesy of Trading View provides lessons in learning the Elliott wave theory. The first step in Elliott analysis is breaking price movements into segments. In this case the first segment to examine is theContinue reading “Philippines Stock Exchange an Elliott Wave Tutorial”
S&P 500 Long – Term Elliott Wave Count – 07/07/23
Recent blogs on this website have illustrated three amazing time cycle each pointing to a significant turn for U.S. stocks – late June/early July 2023. On 06/30/23 the S&P 500 (SPX) made a new post October 2022 rally high unaccompanied by either the Dow Jones Industrial Average, or the Nasdaq Composite. This broad bearish momentumContinue reading “S&P 500 Long – Term Elliott Wave Count – 07/07/23”
Examination of Long and Short – Term Interest Rates – 07/07/23
The 04/30/23 blog “Examination of Long and Short – Term Interest Rates – 04/28/23” noted the 30 – Year Treasury Yields (TYX) from its peak in October 2022 appeared to be forming an Elliott Wave – Horizontal Triangle. The daily TYX chart courtesy of Trading View updates its action. On 07/07/23 TYX exceeded the peakContinue reading “Examination of Long and Short – Term Interest Rates – 07/07/23”
UK 100 Could be Collapsing.
The national stock index with the clearest Elliot wave pattern since October 2022 has been the UK 100 (UKX). The following list of blogs chronicles the UKX amazing progress. The 03/13/23 blog “Major UK 100 Top is Probably in Place” noted “On 02/16/23 the UK 100 reached 8,047, this could be a major top!” TheContinue reading “UK 100 Could be Collapsing.”
Bearish Signals From the German Stock Index
The German Stock Index (DEU40) appears to be in the early phase of a significant bear move. The daily DEU40 chart courtesy of Trading View illustrates the action. In mid – June 2023 the DEU40 made a new all-time high. The pattern up from September 2022 bottom counts as an Elliott – five wave Impulse. Continue reading “Bearish Signals From the German Stock Index”
Vietnam 30 Stock Index Hits Powerful Resistance
The FTSE Vietnam 30 Stock Index (VN30) has reached and moved down from potentially powerful resistance. This could be additional evidence that the next wave down of a global stock bear market may have begun. Fibonacci retracement points are like magnets for price. After price reaches a Fibonacci level its frequently becomes a barrier. InContinue reading “Vietnam 30 Stock Index Hits Powerful Resistance”
Start of the Final Rally?
The 06/21/23 blog “Shallow Correction – 06/21/23” noted the SPX could bottom in the 4,330 area. On 06/26/23 the SPX bottomed out at 4,328.08. The SPX 30- minute chart courtesy of Trading View updates the action. The decline after the peak labeled Minuette wave (b) was an Elliott wave – Ending Diagonal Triangle (EDT). AfterContinue reading “Start of the Final Rally?”
Probable Short-Term Bottom – 06/26/23
Today 06/26/23 the S&P 500 (SPX) ended the session down 19.50 points, with 67% of NYSE stocks advancing vs. 32% stocks declining. This bullish divergence implies the SPX may have made a short – term bottom today or could bottom early on 06/27/23. The SPX 15 – minute chart courtesy of Trading View updates theContinue reading “Probable Short-Term Bottom – 06/26/23”
U.S. Stocks Thrusting Up
Several weeks ago, it appeared the S&P 500 (SPX) could be forming an Elliott wave – Inverse Horizontal Triangle from the 06/17/22 bottom. This wave count is now invalid. Recently this website noted that the SPX may be forming an Elliott wave – Ending Diagonal Triangle from the 10/13/22 low. This wave count could stillContinue reading “U.S. Stocks Thrusting Up”
Four Dimension Trading 