Category Archives: Uncategorized

       U.S. Stocks Could Rally for Another Week

On 04/13/23 the S&P 500 (SPX) appeared to be nearing an important top.  The action on 04/14/23 has invalidated that forecast opening the door for at least another week of rising prices. The SPX 15 – minute chart courtesy of Trading View shows what happened. The 04/13/23 blog “Suspicious Decline – Part -Two” noted thatContinue reading ”       U.S. Stocks Could Rally for Another Week”

Suspicious Decline – Part – Two

The 04/12/23 blog noted that the decline of U.S. stocks after the open of the main trading session looked suspicious.  Today 04/13/23 we saw the subsequent action after a suspicious drop. The 5 – minute S&P 500 (SPX) chart courtesy of Trading View shows the decline and what happened after the bottom. There’s are twoContinue reading “Suspicious Decline – Part – Two”

     Day of Decision – 04/12/23

The U.S. CPI report is due out at 8:30 AM – EDT – 04/12/23.  It’s possible this report could trigger an important turn for U.S. stocks. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View updates  the action. If the report triggers a rally it may not last very long.  Just aboveContinue reading ”     Day of Decision – 04/12/23″

Dow Jones Industrial Average – Elliott Wave Count – 04/06/23

The prior blog posted on 04/06/23 illustrated that the S&P 500 (SPX) could soon complete an Elliott wave – Inverse Horizontal Triangle.  The Dow Jones Industrial Average (DJI) also appears to be near the termination point of an Inverse Horizontal Triangle.  The daily DJI chart courtesy of Trading View illustrates its Elliott wave count. HorizontalContinue reading “Dow Jones Industrial Average – Elliott Wave Count – 04/06/23”

Rally End Game for Stocks? – 04/06/23

An important top for U.S. stocks could be made next week. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action.  The SPX may soon complete an Elliott wave – Inverse Horizontal Triangle that began on 06/22/23. It appears the final part of that structure – Minor wave “E” could terminate onContinue reading “Rally End Game for Stocks? – 04/06/23”

 Britannia Rules the Elliott Waves

For several months the UK 100 (UKX) has had very clear Elliott wave patterns.  The clarity continues, and this week the UKX could make a secondary peak in a developing bear market. The daily UKX chart courtesy of Trading View illustrates the Elliott wave count. The 03/13/23 blog “Major UK 100 Top is Probably inContinue reading ” Britannia Rules the Elliott Waves”

S&P 500 – Elliott Wave and Momentum Update – 03/31/23

 On 03/31/23 the S&P 500 (SPX) rallied  close an important resistance zone. Its possible an important top may have been made on 03/31/23, momentum indicators suggest more upside action. The daily SPX chart courtesy of BigCharts.com illustrates three momentum oscillators. The Slow Stochastic is the most sensitive of the three indicators.  The upper line hasContinue reading “S&P 500 – Elliott Wave and Momentum Update – 03/31/23”

Philippines Stock Exchange Update – 03/30/23

The Philippines Stock Exchange (PSEI) could make an important top in early April 2023. The PSEI decline from 01/24/23 to 03/16/23 was in the form of an Elliott wave impulse pattern.  The five wave drop could be the first part of a much larger bear phase lasting several weeks or perhaps months. The daily PSEIContinue reading “Philippines Stock Exchange Update – 03/30/23”

Stocks Could be in a Terminal Rally

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”