After a brief, three-month reaction rally, the S&P 500 Index (and much of the rest of the US stock market) may be on the verge of continuing their channel corrections. This should not come as a surprise if you regularly read these updates. I have been talking about this for [...]
After six months of price decline, the S&P 500 Index finally experienced a price rally during the month of July that now has the media ablaze. I have even read headlines that suggest a new bull market began in June. I’m sorry to say, but the “old” bull market still [...]
Over the past month the S&P 500 Index (and much of the rest of the stock market) made new price lows. So far, a pattern of “lower highs” and “lower lows” remains intact which is typical during declining stock market trends. The chart below at the far right shows where [...]
“If the United States is already in recession, how far might the stock market drop from the high to the low?” This question circulated in my mind for weeks, so I decided to do some research to see what I could find. Since history tends to repeat, I believe investors [...]
In my April 2022 update I introduced a new potential declining trend channel, identified by two downward sloping red-dashed lines. Over the next three weeks, the S&P broke down through the lower, red-dashed line as the stock market decline continued. Then, during the final week of May the market staged [...]
