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Please see my 3/17/19 post, "Boeing Bottoming Signals" The best time to buy a stock is when bad news continues to come out and the stock price fails to make new lows. This has certainly been the case for Boeing (BA), so far there are four rejections of the price zone at 361 to 365. Additionally there was a daily Stochastic bullish crossover on 4/12/19. There...

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Recently there have been posts suggesting the SPX from 12/26/18 could be nearing completion of an Elliott wave - Ending Diagonal Triangle. Elliott rules state that third waves are never the shortest in a five wave motive pattern, therefore the supposed EDT will be invalid above SPX 2923.06 where the supposed fifth wave will be longer than the supposed third wave....

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In my 4/1/19 post “Gold Cross Confirmation” I replied to a question about the SPX 2872 price level. First a clarification of my comments about Head & Shoulder (H & S) patterns. It is a valid pattern to discover potential trend changes. I think if used properly it could be effective in any market or stock. From my experience I doubt it is very effective on...

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On the first day of the second quarter the SPX broke above short term charts resistance and confirmed a Gold Cross. This is a very bullish signal, In my 3/31 post I speculated that fund managers could be the catalyst for this type of move. If it was fund managers there's likely to be more upside in the next several days. The big money boys need time to build...

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You may think that after the SPX has had a rip roaring 21% gain in just three months that it could be due for a significant drop. Wrong again bears! On 3/29/19 the 200 day Simple Moving Average (SMA) was at 2756. The 50 day SMA was at 2755. If the 50 day SMA crosses above the 200 day SMA its called a Gold or Golden Cross. Why is this important? Since the major...

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Please read the terrific 2/23/19 post by RHtrading about the importance of Boeing (BA) to the broader stock market. BA has retraced approximately 50% of its rally from late December 2018 and reached chart support. Daily Stochastic has reached the oversold zone. Daily RSI has touched the oversold zone and is now rising. Since the big move down BA has traded five...

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Several weeks ago I noted that I would post a bearish alternate count for the SPX. This week the SPX reached a point in which this count could be possible. An Elliott wave Expanding Flat could be forming from the 10/11/18 short term bottom. This possible count could be complete, if not there could be another small move up to the 2850 area. Elliott analysis...

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Today the SPX pushed above very important resistance at 2816 and .786 Fib resistance. The door is now open for a run to new all -times highs. Last week the Market Vane Bullish Consensus was 52% down from 53% the week before. Important stock market tops occur at readings of at least 65%. Its amazing that after two and a half months of a powerful rally the crowd...

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A chart of any market is like the a battlefield map of the constant war between bulls and bears. My prior post noted the SPX could hit the very important resistance SPX 2800 to 2816 two or more times before breaking through. This is what usually happens when a market approaches a strong resistance/support area. In this case during Oct/Nov 2018 bears heavily...

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Usually when a market gets near important resistance there's a pause and could need one or more hits at the barrier line before a breakthrough. This is what the SPX could be doing late February to early March. So far the SPX has reached 2813 just below 2816 important daily resistance. Note the decline was just like all of the other mini pull backs of the post...

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On 02/15/19 the SPX spent most of the trading day in a narrow range and moved above the range late in the day. The SPX made its high of the day at the close, almost all of the time when a stock index closes at or near the high of the day there's upside follow through for at least one trading day. Additionally 02/15/19 was a Friday before a three - day weekend. ...

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This week the SPX broke above triple resistance. 1) Above daily declining trend line. 2) Above outlier Fib resistance at .666 retrace of the September to December decline. 3) Above the 200 day SMA Of the three break throughs the move above the 200 day SMA is the most important. Many stock fund managers - even those that primarily use Fundamental analysis follow...

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Today in the US its Groundhog day a cherished holiday. It usually involves a groundhog predicting how long winter can last. The most famous groundhog is Punxsutawney Phil who every February 2nd predicts the length of the on going winter. There's a lesser known groundhog named Oscar in a neighboring village of Oxsuntawney. Every February 2nd Oscar predicts what...

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The US stock market could be in a very powerful and rapid move up to major Fibonacci resistance in the SPX 3040 to 3060 area. This price target could be achieved as soon as March 2019 - the ten year anniversary of the bull market. The rally from the December 26th bottom has already been spectacular, yet this week the SPX and the other two main indices had...

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On 1/25/19 the Gold ETF (GLD) had an important break above Fib/chart resistance at 122.46. The daily Stochastic had a bullish crossover. High probability of a rally to the last important top of 129.51 Mark

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Please see my 12/23/18 post "Ghost of Bear Market Past. In that post I discussed the similarities between the SPX 1998 correction and the then current late 2018 decline. I forecasted that the SPX could bottom on 12/26/18 which was 58 trading days from the all time high. This would equal the 58 trading day drop of the SPX 1998 correction. The 1998 drop was 22.4%...

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The DJI on 1/25/19 was just below .618 retrace of the October to December decline. Just above .618 is the 200 day SMA and just above that is a declining trend line. The 200 day SMA is the most important because of its wide usage in the trading community. A move above the 200 day SMA could trigger a flood of new long orders. A break above all three barriers...

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Traders/Analysts need to be market historians we determine a markets probable course by studying its history. The more historical evidence we have the greater the chance we can determining market direction. In December 2018 the US stock market had powerful signals from all four market dimensions. 1) Price: My 12/24/18 post noted the NYA had reached long term...