On 02/02/23 the S&P 500(SPX) – 50 – day moving average (MA) crossed above its 200 – day MA, this is known as a “Golden Cross”. The SPX rallied and peaked on 02/02/23 then declined and has since stayed below its 02/02/23 high. The SPX could still climb above its 02/02/23 high, for now it’sContinue reading “Stocks Could be in a Terminal Rally”
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Combining Technical and Fundamental Analysis
Traders that mainly use Technical Analysis should also devote some attention to Fundamental Analysis. Recently, bearish economic signals have increased the need to focus on Fundamental factors. First a Technical update on U.S. stocks. The 15 – minute S&P 500 chart courtesy of Trading View illustrates the Elliott wave count just prior to and afterContinue reading “Combining Technical and Fundamental Analysis”
S&P 500 – Alternate Elliott Wave Count – 03/16/23
This alternate Elliott wave count has the same message as the wave count illustrated in 03/15/23 blog. The message was that the S&P 500 (SPX) could be in a new down phase of a bear market that began in January 2022. If the alternate wave count is correct it could provide Fibonacci evidence of whereContinue reading “S&P 500 – Alternate Elliott Wave Count – 03/16/23”
Philippines Stock Exchange – Bearish Signs
During the last two – weeks the technical conditions of the Philippines Stock Exchange (PSEI) has changed drastically. About two – weeks ago it appeared that a rally to new all-time highs could developed. What happened was a break below chart support at 6,537. Then a move below Fibonacci support at 6,430. Meanwhile in theContinue reading “Philippines Stock Exchange – Bearish Signs”
S&P 500 – Bearish Elliott Wave Evidence
There are always alternate Elliott wave interpretations. This blog examines evidence that the S&P 500 (SPX) may have made a secondary bear market peak on 02/02/23. The first SPX daily chart courtesy of Trading View illustrate Fibonacci time and price ratios. The SPX decline from its all-time high on 01/04/22 to its bottom on 10/13/22Continue reading “S&P 500 – Bearish Elliott Wave Evidence”
Major UK 100 Top is Probably in Place
The 02/09/23 blog “Price Forecast for UK 100 Major Top” noted that a multi-year rising trendline and two Fibonacci coordinates implied the broad zone for a major top was 8,050 to 8,300. On 02/16/23 the UK 100 (UKX) reached 8,047, this could be a major top! The monthly UKX chart courtesy of Trading View showsContinue reading ” Major UK 100 Top is Probably in Place”
Dow Jones Industrial Average Projections
This is a follow up to the prior blog “Stock Market Fuel” and illustrates two paths the Dow Jones Industrial Average (DJI) could take in the coming months. The projections assume that the DJI has been developing an Elliott wave – Horizontal Triangle from its all-time high in January 2022. The daily DJI chart courtesyContinue reading “Dow Jones Industrial Average Projections”
Philippines Stock Exchange – Update – 03/06/23.
After the 03/04/23 blog “Philippines Stock Exchange Five Year Pattern” there was a large increase in views on this website, and an inquiry about a Philippines Stock Exchange (PSEI) rally. This week there will be updates on the PSEI. What’s developing with the PSEI could have implications for the global stock community. The daily PSEIContinue reading “Philippines Stock Exchange – Update – 03/06/23.”
Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates
The 10/23/22 blog “Intermediate Top For Interest Rates” noted “If US interests rates decline it could be a catalyst for a multi- week rally in US stocks”. Subsequently the rates/yields for 10 and 30 – year U.S Government bonds/notes declined and U.S stocks rallied. There could soon be another decline for 10 and 30 –Continue reading “Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates”
Philippines Stock Exchange – Five – Year Pattern
The 01/16/23 blog illustrated that the Shanghai Stock Exchange Composite could be forming a multi-year Elliot wave Horizontal Triangle. The 02/08/23 blog noted that the Dow Jones Industrial Average could be forming a Horizontal Triangle from its January 2022 top. Now it appears the Philippines Stock Exchange Index (PSEI) could be forming a Horizontal TriangleContinue reading “Philippines Stock Exchange – Five – Year Pattern”
Four Dimension Trading 