Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Power Charting TV: What Lies Ahead? Will Early 2024 Strength Continue?

by February 18, 2024
February 18, 2024
Power Charting TV: What Lies Ahead? Will Early 2024 Strength Continue?

A Buying Climax typically concludes a long term uptrend. The rally phase from the October low of 2023 has these climactic characteristics. This advance comes after a major trend that began in late 2022. The steady upward march in the 4th quarter of 2023 was broad and powerful, which created much enthusiasm among the public. Magnificent-7 growth stocks set the pace and also dominated the performance of the major stock indexes. Breadth stopped rising as 2024 began as many stocks stopped advancing with the ‘Mag-7′ which have mostly Marched Alone in January and February of the new year. Does this narrowing of breadth and concentration into the ‘Mag-7′ stocks represent a warning of a trend reversal?

Swing trading Point & Figure studies are signaling the completion of upside price objectives. Could this indicate the fuel tank propelling higher prices is nearly empty? If so, what could the fate of the stock indexes be in 2024, and beyond? In the latest episode of Power Charting, we look at the PnF count objectives, and the waning breadth characteristics with these questions in mind. Also, the Decennial Seasonal Patterns are consulted for the possible trend of prices as 2024 unfolds, and beyond. 

Wyckoff studies of the initial three years of this decade lend a perspective to the Decennial View. We take a look. 

All the Best,

Bruce

@rdwyckoff

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. 

Power Charting TV

Links Referenced:

Wyckoff Analytics

Richard D. Wyckoff, His Method and Story

0
FacebookTwitterGoogle +Pinterest
previous post
Week Ahead: NIFTY Stays In A Defined Range; Expect Directional Moves Only Outside These Levels
next post
The NASCAR presidency of Joe Biden is running out of gas

You may also like

S&P 500 Rises From Bearish to Neutral, But...

April 25, 2025

Unlocking Strong AI Investments: You Need To Analyze...

June 14, 2023

Extreme Reading on McClellan Oscillator for Bonds

November 24, 2022

Momentum Madness and Nasdaq 100 Stocks

December 15, 2023

How Would YOU Rank the Magnificent 7 Stocks?

March 19, 2024

Respecting the Rangebound S&P 500

January 6, 2023

Three Market Sentiment Indicators Confirm Bearish Phase

August 9, 2024

The S&P 500 Index Showing Its Holiday Spirit

November 23, 2022

GNG TV: US Equities Back in “NoGo” Trend

September 1, 2022

When to BUY, When to SELL, and When...

September 19, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • “XRP Futures Hit $1B — WinnerMining Cloud Mining Shows You How to Earn $1,850 a Day”

      August 28, 2025
    • UK to fast-track next-gen RNA therapies with £30m Darlington biofoundry

      August 28, 2025
    • Government looks at applying National Insurance to rental income in Autumn Budget

      August 28, 2025
    • National Wealth Fund commits £200m to UK battery storage push

      August 28, 2025
    • XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

      August 28, 2025
    • West End retailers lose £310m from VAT-free shopping ban in first half of year

      August 28, 2025

    Categories

    • Business (8,904)
    • Investing (2,246)
    • Politics (16,503)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved