Author Archives: Mark Rivest

  Trump Reelection – Catalyst for a Bull Market?

The day after the election of Donald Trump as the U.S. president in 2016 the S&P 500 (SPX) had a big rally which kicked off for a multi month bull market.  The day after Donald Trump’s reelection  in 2024 the SPX had a big rally.  Could this be the start of another multi month bullContinue reading ”  Trump Reelection – Catalyst for a Bull Market?”

Reaction to the U.S. Election

The U.S. November 05, 2024 election was historic and amazing.  The reaction of several markets was also historic and amazing. All three main U.S. stock indices made new all-time highs.  Precious metals had huge movements down. Bitcoin had a huge move up.  Long-term U.S. Treasury yields had huge up movements.   The daily S&P 500 (SPX)Continue reading “Reaction to the U.S. Election”

Russell 2000 – Impulse Down – Part Three

The 10/26/24 blog “Russell 2000 – Impulse Down – Part Two”  illustrated that the Russell 2000 (RUT) may have made an important short-term peak on 10/25/24.   Subsequently RUT moved above the 10/25/24 top and reached 2,260 on 10/30/24.  Momentum evidence continues to  suggest that RUT could reach the 2,000 area in one to two weeks.Continue reading “Russell 2000 – Impulse Down – Part Three”

S&P 500 and Bitcoin Relationship

On 10/31/24 both the S&P 500 (SPX) and Bitcoin (BTCUSD) experienced sharp declines; the drop could be heralding a bear market. The weekly BTCUSD chart courtesy of Trading View illustrates its long-term momentum. During the last week of October 2024  BTCUSD may have completed a double top vs. its March 2024 peak.   Because the secondContinue reading “S&P 500 and Bitcoin Relationship”

The Birth of a Bull Market?

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 “The Birth of a Bull Market?”

  Russell 2000 – Impulse Down – Part Two

The 10/24/24 blog “Russell 2000 – Impulse Down” illustrated that the Russell 2000 (RUT) could rally into a target zone between 2,235 and 2,255.  The 5 – minute RUT chart courtesy of Trading View shows what happened. The rally after the 10/23/24 bottom is a clear Elliott wave – Single Zigzag pattern which is presumablyContinue reading ”  Russell 2000 – Impulse Down – Part Two”

Russell 2000 – Impulse Down

The Russell 2000 (RUT) – small cap stock index could be in the early part of a rapid move down to the 08/05/24 bottom. The 10/17/24 blog “Mixed Signals – Part Two” illustrated that RUT may have completed an Elliott wave – Ending Diagonal Triangle (EDT).  The daily RUT chart courtesy of Trading View updatesContinue reading “Russell 2000 – Impulse Down”

   The Triangle Phenomenon

The 10/17/24 blog “Mixed Signals – Part – Two” illustrated that the Russell 2000 (RUT) may have completed an Elliott wave – Ending Diagonal Triangle” from its 08/05/24 bottom.  Amazingly one of the three main U.S. stock indices and a major stock may have also completed the same pattern. The 4 – hour Nasdaq CompositeContinue reading ”   The Triangle Phenomenon”

Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24

The 09/15/24 blog “Microsoft  and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak.  Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”