Mark Rivest

Transportation Average – Blow Off Top?

The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band. This is typically a sign of a market index or stock nearing upside exhaustion. At the open of the 04/22/26 session DJT was still above the weekly Bollinger band. What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”

Bearish Momentum Signal – 04/21/26

In the U.S. stock market, an important bearish signal could occur if only one of the three main stock indices makes an all-time high unconfirmed by the other two indices. The main indices are, S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC). The daily SPX, DJI, and IXIC courtesy of TradingContinue reading “Bearish Momentum Signal – 04/21/26”

International Bearish Divergences

Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs. However, other major national stock markets have failed to reach new heights. Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”

Collapsing Crude Oil? – April 2026

Within the prior two trading days Crude Oil declined 15%. Could this be the start of a larger bear movement? Elliott wave analysis examines bullish and bearish scenarios. The daily continuous Crude Oil chart (CL2!) courtesy of Trading View illustrates the bearish scenario. The move down from the 04/07/26 peak labeled Intermediate wave (B) couldContinue reading “Collapsing Crude Oil? – April 2026”

Break Above Strong Resistance – April 2026

The 04/09/26 blog “Cease Fire Buying Panic” illustrated the S&P 500 (SPX) had strong resistance around 6,850 to 6,900. It takes powerful buying to break powerful resistance, and that’s what’s happened. The most important momentum indicator for U.S. stocks is the relationship between the three main U.S. stock indices. The daily chart of the SPX,Continue reading “Break Above Strong Resistance – April 2026”

Semiconductor Sector Update – April 2026

The PHLX Semiconductor index (SOX) was the subject of the 11/09/25 blog “The Leading U.S. Stock Sector – Part – Two”. In late October 2025 – SOX made an all-time high with weekly RSI deep in the overbought zone and at its highest level since the bull move began in April 2025. Normally stocks andContinue reading “Semiconductor Sector Update – April 2026”

Beneath Strong Resistance – April 2026

The prior blog noted that S&P 500 ($SPX) had strong resistance in the 6,850 to 6,900 area. On 04/10/26 $SPX moved marginally higher and reached 6,845.77. This could be a significant peak, if not, a peak could be reached in the next one or two trading days. The daily $SPX chart courtesy of StockCharts.com updatesContinue reading “Beneath Strong Resistance – April 2026”

Cease Fire Buying Panic

The cease fire in the Iran war triggered a stock buying panic. Elliott wave and Point & Figure analysis indicate the next potential resistance area. The daily S&P 500 chart – StockCharts.com symbol $SPX illustrates daily momentum. Both lines of Slow Stochastic have reached the overbought zone which begins at 80.00. This implies a peakContinue reading “Cease Fire Buying Panic”

Potential Resistance at the 200 – Day Moving Average – April 2026

The 03/26/26 blog “Resistance at the 200 – Day Moving Average – March 2026” illustrated what happed when the S&P 500 (SPX) marginally moved above the 200 – Day Simple Moving Average (SMA). Subsequently the SPX continued to decline. The SPX as of 04/02/26 was about one or two trading days from the 200Continue reading “Potential Resistance at the 200 – Day Moving Average – April 2026”

Crude Oil Pushing Higher?

Two indicators suggest Crude Oil could continue to rise. The Crude Oil daily Continuous Futures chart (CL2!) courtesy of Trading View shows what happened in 2022. In March 2022 Crude Oil made a primary peak. After several weeks of sideways action the Bollinger bands contracted, at the narrowest point daily RSI moved above its movingContinue reading “Crude Oil Pushing Higher?”