Mark Rivest

Dow Jones Industrial and Transportation Relationship

The Dow Theory was developed in the early twentieth century. One of the theories’ main principles was the relationship between the Dow Jones Industrial Average (DJI) and the Dow Jones Transportation Average (DJT) – previously the Rails Average. A bearish divergence between the two averages was a signal of a looming bear market. A bullishContinue reading “Dow Jones Industrial and Transportation Relationship”

Short – Term S&P 500 Elliott Wave Count – 09/26/25

The S&P 500 (SPX) decline from the 09/23/25 peak appears to be corrective. If so, the SPX could reach a new all-time high sometime next week. The 15 – minute SPX chart courtesy of Trading View illustrates the intraday action. There are always alternate wave counts in Elliott analysis. This chart shows the bullish interpretationContinue reading “Short – Term S&P 500 Elliott Wave Count – 09/26/25”

Bull and Bear Levels to Watch – 09/26/25

After the S&P 500 (SPX) bottom on 04/07/25 there were two mid – April declines of 6%. The subsequent rally has been persistent with only shallow drops. Could the SPX decline after the 09/23/25 peak be another shallow decline? There are two price levels to watch during the 09/29/25 to 10/03/25 trading week. The dailyContinue reading ” Bull and Bear Levels to Watch – 09/26/25″

U.S. Treasury Yields Trending Higher – September 2025

On 09/17/25 the U.S. – FOMC lowered short – term interest rates by 25 – basis points. A few minutes after the announcement the U.S. 30 year – Treasury yield (TYX) bottomed out and began rising. The weekly TYX chart courtesy of Trading View illustrates the long – term picture. Since mid – 2023 -TYXContinue reading “U.S. Treasury Yields Trending Higher – September 2025”

S&P 500 Reaches 6,666!

The 09/13/25 blog “S&P 500 at 6,666?” noted the S&P 500 (SPX) hit 6,600 which was the bull’s eye of a Fibonacci price relationship with the SPX bull market in August 1987. Also noted was that the main U.S. stock indices rarely turn on round numbers. The SPX made a major bottom in March 2009Continue reading “S&P 500 Reaches 6,666!”

Bitcoin/S&P 500 – Journey 2022 to 2025

Since early 2022 Bitcoin (BTCUSD) and the S&P 500 (SPX) have roughly traded together. Perhaps the BTCUSD peak in August 2025 is heralding a bear market for both indices. The weekly BTCUSD and SPX chart illustrates their relationship since late 2021. On 11/10/21 BTCUSD made a significant peak. On 01/04/22 SPX made an important peakContinue reading “Bitcoin/S&P 500 – Journey 2022 to 2025”

S&P 500 at 6,666?

In March 2009 the S&P 500 (SPX) made a major bottom at 666. Perhaps there could be a major peak at 6,666? The 08/16/25 blog “Comparison of the S&P 500 in 1987 vs. 2025” illustrated that there could be a Fibonacci price relationship between the late stage of the SPX 1987 bull market with what’sContinue reading “S&P 500 at 6,666?”

U.S. Stock Rally into 09/17/25?

On 09/11/25 for the second time in two weeks all three main U.S. stock indices: S&P 500 (SPX), Dow Jones Industrial Average, and Nasdaq Composite made new all-time highs. For at least the short-term this is a bullish signal. Another bullish signal is illustrated on the 30-minute SPX chart courtesy of Trading View. The 09/06/25Continue reading ” U.S. Stock Rally into 09/17/25?”

The New King of all U.S. Stocks

Several weeks ago, Microsoft Corporation (MSFT) was the most bullish of the “Magnificent Seven” stocks. Recently MSFT has turned bearish and appears to be headed lower. Meanwhile another Magnificent Seven stock has taken the upside lead. Can this stocks rally hold off a broader U.S. stock market decline? First a look at MSFT which wasContinue reading “The New King of all U.S. Stocks”

Reunion and Rejection

On 09/05/25 all three main U.S. stock indices: S&P 500 (SPX), Dow Jones Industrial Average, and the Nasdaq Composite gapped up and made new all-time highs. A bullish signal. However, minutes after the session opening all three indices peaked and went into a vicious decline. SPX fell 88 – points in 90 – minutes andContinue reading “Reunion and Rejection”