On 01/31/25 both the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX) made runs to make new all -time highs. They failed miserably. The DJI – two – hour chart courtesy of Trading View shows its action since its all-time high in early December 2024. In the first minute of the DJI tradingContinue reading “All – Time Highs Totally Rejected”
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U.S. Stocks Testing All-Time Highs – 01/30/25
The hourly Dow Jones Industrial Average (DJI) and S&P 500 (SPX) chart courtesy of Trading View shows their recent action. On 01/24/25 SPX made its all-time high unconfirmed by the DJI, and Nasdaq Composite – a potentially very bearish momentum signal. Subsequently on 01/27/25 there was a micro crash in Tech stocks which the DJIContinue reading “U.S. Stocks Testing All-Time Highs – 01/30/25”
Nasdaq Composite Threads the Needle – 01/24/25
The 01/23/25 blog “Watch the Nasdaq Composite – 01/23/25” noted , “If on 01/24/25 IXIC exceeds 20,070.08 and stays below its all-time high of 20,204.50 an important secondary peak could be reached”. The hourly Nasdaq Composite chart -Trading View symbol (IXIC) shows what happened. IXIC exceeded the presumed Minor wave “A” of an Elliott waveContinue reading “Nasdaq Composite Threads the Needle – 01/24/25”
Evidence of a Major U.S. Stock Market Top – 01/24/25
Long-term momentum and sentiment readings for U.S. stocks suggests a major peak is forming. On 01/24/25 the S&P 500 (SPX) continued its recent pattern of making a new all-time high unconfirmed by the other two main U.S. stock indices, Dow Jones Industrial Average and Nasdaq Composite. This significant bearish divergence is just one factor inContinue reading “Evidence of a Major U.S. Stock Market Top – 01/24/25”
Watch the Nasdaq Composite – 01/23/25
On 01/23/25 of the three main U.S. stock indices only the S&P 500 (SPX) continued to make all- time highs. The Dow Jones Industrial Average and Nasdaq Composite (IXIC) are still below their ultimate highs made in December 2024. If two of the three main U.S. stock indices make new all-time highs it would beContinue reading “Watch the Nasdaq Composite – 01/23/25”
All – Time High S&P 500 – 01/22/25
Today 01/22/25 the S&P 500 (SPX) made a new all-time high unconfirmed by the Dow Jones Industrial Average (DJI) and the Nasdaq Composite. This by itself is a potentially very bearish momentum signal. The daily SPX chart courtesy of BigCharts.com updates its action. BigCharts.com – Slow Stochastic indicator is very effective in discovering potential trendContinue reading “All – Time High S&P 500 – 01/22/25”
The MAGA Rallies
After the election of Donald Trump as U.S. President on 11/05/24 the Dow Jones Industrial Average (DJIA) rallied for 19- trading days. Currently the DJIA is rising just prior to Trump’s inauguration as President on 01/20/25. Could this latest “Make America Great Again” (MAGA) rally be the start of a multi- month bull market orContinue reading “The MAGA Rallies”
Dow Jones Industrial Average Bearish Elliott Wave Pattern
An amazingly clear Elliott wave patter for the Dow Jones Industrial Average (DJI) indicates U.S. stocks could soon make a very important peak. Most of the time the S&P 500 has the clearest Elliott wave patterns. Since early December 2024 the DJI has the clearest Elliott wave count supported by extraordinary Fibonacci relationships. The hourlyContinue reading “Dow Jones Industrial Average Bearish Elliott Wave Pattern”
A Golden Triangle?
Gold in U.S. dollars since the late October 2024 peak appears to be forming an Elliott wave – Horizontal Triangle. Elliott wave – Horizontal Triangles are corrective formations composed of five sub waves. Each sub wave further subdivide into three wave or a combination of three wave patterns. They are net sideways movements and formContinue reading “A Golden Triangle?”
U.S. Stock Market Short-Term Rise Complete?
The 01/02/25 blog “Probable Short-Term Rise for U.S. Stocks – 01/02/25” noted “Near – term the bulls appear poised for a rebound”. The subsequent rally only lasted two trading days, and on 01/10/25 the rise was completely retraced. Is the new low the start of a major move down? Momentum evidence reveals some interesting clues,Continue reading “U.S. Stock Market Short-Term Rise Complete?”
Four Dimension Trading 