During January, the US stock markets staged a price rally, primarily driven by stocks in the technology sector. This helped the S&P 500 and NASDAQ stock indices rally while the Dow Jones Industrial Average remained relatively flat. As can be seen in the chart below, at the end of January [...]
During December, the US stock markets continued their price correction. As can be seen in the chart below, the S&P 500 Index finished the year within the declining trend channel (please refer to the downward-sloping red dashed lines) identified by the pink arrow on the far right of the chart. [...]
During November, the US stock markets experienced a continued price rally. As you can see in the chart below, the rally in the S&P 500 Index took on a similar pattern as it did back in the summer. PRIMARY TREND: RISING (but correcting) Chart courtesy of StockCharts.com Beginning [...]
Do you remember reading articles like the one below¹ earlier in the year? You will notice it was published on April 14th, 2022. On that day, Bitcoin was trading for approximately $40,000 per coin (down from the all-time high of $66,000 in November 2021). Fast forward to today [...]
During October, all three major US stock market indices – the Dow Jones Industrial Average, S&P 500 Index, and NASDAQ Composite – made new closing lows from their previous lows in June. Historically speaking, if all three of these indexes are making new lows together without making new highs, investors [...]
