Author Archives: Mark Rivest

The MAGA Rallies

After the election of Donald Trump as U.S. President on 11/05/24 the Dow Jones Industrial Average (DJIA) rallied for 19- trading days.  Currently the DJIA is rising just prior to Trump’s inauguration as President on 01/20/25.   Could this latest “Make America Great Again” (MAGA)  rally be the start of a multi- month bull market orContinue reading “The MAGA Rallies”

Dow Jones Industrial Average Bearish Elliott Wave Pattern

An amazingly clear Elliott wave patter for the Dow Jones Industrial Average (DJI) indicates U.S. stocks could soon make a very important peak. Most of the time the S&P 500 has the clearest Elliott wave patterns. Since early December 2024 the DJI has the clearest Elliott wave count supported by extraordinary Fibonacci relationships. The hourlyContinue reading “Dow Jones Industrial Average Bearish Elliott Wave Pattern”

Important U.S. Stock Market Update – 01/17/25

This websites prior blog noted that the S&P 500 (SPX) had powerful resistance in the area of the declining trendline connecting the12/26/24 and 01/06/25 peaks. Trading View has a stock index called SPX 500 symbol SPX500 which tracks the movements of the S&P 500 futures with  equivalent price levels to the SPX.  This allows youContinue reading “Important U.S. Stock Market Update – 01/17/25”

How to Discover Support and Resistance Levels

The 01/11/25 blog “U.S. Stock Market Short- Term Rise  Complete?” noted. “If on 01/13/25 the SPX declines more than 1.50% from its session  close of 01/10/25 , it could be just the start of a very steep decline.  Otherwise,  be prepared for another U.S. stock market rally”. On 01/13/24 the SPX declined less than 1.50%,Continue reading “How to Discover Support and Resistance Levels”

A Golden Triangle?

Gold in U.S. dollars since the late October 2024 peak appears to be forming an Elliott wave – Horizontal Triangle. Elliott wave – Horizontal Triangles are corrective formations composed of five sub waves.  Each sub wave further subdivide into three wave or a combination of three wave patterns.   They are net sideways movements and formContinue reading “A Golden Triangle?”

U.S. Stock Market Short-Term Rise Complete?

The 01/02/25 blog “Probable Short-Term Rise for U.S. Stocks – 01/02/25” noted “Near – term the bulls appear poised for a rebound”. The subsequent rally only lasted two trading days, and on 01/10/25 the rise was completely retraced.  Is the new low the start of a major  move down?   Momentum evidence reveals some interesting  clues,Continue reading “U.S. Stock Market Short-Term Rise Complete?”

Another Rise for U.S. Treasury Yields

The 09/06/24 blog “U.S. Treasury Yield Update – 09/06/24” had these comments. “The other factor that could contribute to TYX trending lower is the U.S. FOMC interest rate decision on 09/18/24.  It’s widely expected that they will cut short-term interest rates by at least .25 basis points, perhaps more.  This could be a classic caseContinue reading “Another Rise for U.S. Treasury Yields”

Gold Elliott Wave Count – 01/03/25

The 12/15/24 blog “Gold Downside Forecast – December 2024”  noted Gold Continuous Futures could reach 2,500 to 2,450 in late December 2024.  Price subsequently declined, then rallied.   Elliott wave analysis and the Ichimoku Cloud indicator provide clues to what may happen in the coming weeks. The daily Continuous Gold Futures (GC1!) courtesy of Trading ViewContinue reading “Gold Elliott Wave Count – 01/03/25”

Probable Short- Term Rise for U.S. Stocks – 01/02/25

Long – term evidence implies U.S. stocks could be in the early stages of a multi-month decline.   Near – term the bulls appear poised for a rebound. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates short- term external momentum. On 01/02/25 the SPX broke marginally below important support made onContinue reading “Probable Short- Term Rise for U.S. Stocks – 01/02/25”