Tag: DJIA

06/05/24 – “Stock Indices are continuing their divergence – as part of the overall outlook for the return of the 17-Year Cycle of Stock Market Declines in 2024/2025 – with the Russell 2000 and DJTA remaining in multi-month corrective phases as the NQ-100 remains strong… At the same time, Crude Oil and the products (Unleaded Gas & Heating Oil) have been selling off – […]

06/01/24 – “Stock indexes remain divergent with the DJIA now entering a decisive 1 – 2 week period basis its weekly trend.  On balance, most equities are expected to move lower into June 17 – 28th (June 19/20th is growing in synergy)… The DJTA could decline for ~5 weeks (same duration as April decline) into June 17/18 (-20th) – when a ~1-month cycle – timing lows on Jan […]

05/31/24 – “Stock Indices are reinforcing the development of ‘c’ wave declines (in most indexes) that should last into June 17 – 28th… after peaking in mid-May and fulfilling intra-month uptrends.  The Russell 2000 & DJTA fulfilled recurring weekly cycles while setting lower highs (in mid-May)… and have been (again) leading the downward reversal. The DJTA could decline for ~5 weeks (same duration as […]

05/29/24 – “Stock Indices are confirming the onset of ‘c’ wave declines (in most indexes) that should last into June 17 – 28th… after peaking in mid-May and fulfilling intra-month uptrends.  The Russell 2000 & DJTA also fulfilled recurring weekly cycles while setting lower highs in mid-May 2024… and have been (again) leading the downward reversal and providing ominous omens. They […]

05/25/24 – “Stock Indices validated the outlook for renewed trouble on May 17th – 24th. Most indicators & stocks peaked on May 14/15th – after fulfilling intra-month uptrend signals – and have now increased the potential for an overall decline past mid-June ‘24. Many indexes project cycle lows on June 17 – 28th – the likely completion of an overall (~3-month) ‘a-b-c’ correction.  The DJTA reinforced that […]

05/23/24 – “Stock Indices are validating the potential for a vulnerable period on May 17th – 24th.  They are (again) diverging at recent highs… after rallying into May 15th and attacking monthly resistance levels while fulfilling intra-month uptrend projections. A couple indexes have spiked to new highs – fulfilling their positive weekly trend patterns – while others (those that normally lead downward reversals in […]

05/22/24 – “Stock Indices have (again) diverged after rallying into May 15th and attacking monthly resistance levels while fulfilling intra-month uptrend projections.  A couple indexes have spiked to new highs – fulfilling their positive weekly trend patterns – while others (those that normally lead downward reversals in the overall market) set lower highs and are signaling new declines. That divergence is typical of […]

05/20/24 – “Stock Indices have rallied beyond expectations but most are still tracing out what appear to be ‘b’ wave advances (prior to ‘c’ wave declines into June 17 – 28th).  They are providing the usual divergence with weaker indexes peaking at lower highs while fulfilling intra-month uptrends. On a multi-month basis, equities are still perceived to be in the second stage (a multi-week […]

05/18/24 – “Stock indexes have rallied beyond expectations but most are still tracing out what appears to be ‘b’ wave advances (prior to ‘c’ wave declines into June 17 – 28th).  They are providing the usual divergence with weaker indexes peaking at lower highs while fulfilling intra-month uptrends… Stock Indices remain in the second stage (a multi-week reactive rally from the April […]

05/15/24 – “Stock Indices remain in the second stage (a multi-week reactive rally from the April 19th lows) of what is expected to be a 2 – 3 month correction after fulfilling multi-year upside price targets & cycles in all six indexes in 1Q 2024.  In Elliott terms, they are in a likely ‘b’ wave bounce – sandwiched between an initial ‘a’ wave […]