Technical Update 07-29-2023 DJIA & S&P 500

TECHNICAL ANALYSIS Major Indices Week of July 28, 2023 The Dow traded to the highest levels since early 2022 and closed at the highest weekly close since 31 January 2022. The S&P closed at the highest weekly close since 10 January 2022 and the highest daily close since 04 April 2022. On Wednesday of the …

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Technical Update 07-01-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of June 30, 2023 Stocks traded an outside week up and closed near the high end of the week’s range. Friday’s gap activity left island reversals on the daily charts for both the Dow and the S&P.  Both the Dow and the S&P settled at the highest weekly close for …

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Technical Update 06-24-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of June 23, 2023 Stocks spent the entire shortened trading week lower and closed near the low end of the weekly ranges. The market is responding to a big shift in sentiment over the past three weeks. Prior to the new 2023 highs for most indices the battle was between …

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Technical Update 05-29-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of May 26, 2023 Stocks saw another extremely volatile week last week, once again led by tech stocks. The Dow saw a two-month trading low against lower trendline support in Thursday’s minor cycle timing point and then all indices rallied with the Nasdaq and the FANG leading the way, closing …

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Technical Update 05-21-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of May 19, 2023 Stocks traded another volatile week with prices setting a key low in the CRITICAL cycle timing dates of Monday-Tuesday and then rallied sharply to carry the S&P500 into a new yearly high and the Nasdaq to the highest levels since April 2022. The selloff on Friday …

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Technical Update 05-07-2023 DJIA & S&P500

Timing TECHNICAL ANALYSIS Major Indices Week of May 5, 2023 Note: For the latest update on the US Dollar, click here. Stocks set a swing high in Monday’s minor timing and then swooned sharply to four week lows (on Thursday’s key timing) before staging a sharp rally on Friday to erase much of the week’s …

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Technical Update 04-29-2023 DJIA, S&P500, Gold and Bitcoin

Timing TECHNICAL ANALYSIS Major Indices Week of April 28, 2023 Stocks traded in a volatile outside week up last week with all the major indices ending higher for the week. Friday’s rally trade was also the end of the month of April and it was the best monthly performance for stocks since January of this …

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Technical Update 04-23-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of April 21, 2023 Stocks ended the trading week flat in extremely tight weekly ranges with all the major indices ending slightly lower on the week with the Dow down -0.22%, the S&P down -0.10 and the Nasdaq down -0.42. Now, with critical timing for stocks running through Monday’s trade, …

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