Mark Rivest

S&P 500 – Short – Term Resistance – 08/09/24

Recent sentiment and momentum evidence suggest the S&P 500 (SPX) could rally into mid – September 2024. Fibonacci analysis indicates an important barrier the bulls need to overcome. First a look at short -term momentum. The daily SPX chart courtesy of BigCharts.com illustrates some interesting clues. The BigCharts.com Slow Stochastic is very effective in catchingContinue reading “S&P 500 – Short – Term Resistance – 08/09/24”

Huge VIX Spike Up – August 2024

Did the gigantic S&P 500 Volatility Index (VIX) move up on 0/05/24 signal a significant bottom? The weekly VIX chart courtesy of Trading View gives perspective to the huge spike. On 08/05/24 VIX reached 65.73 which is second only to what happened in the March 2020 stock market. The big difference is that in MarchContinue reading ” Huge VIX Spike Up – August 2024″

Support Areas for S&P 500 – August 2024

Volume Profile analysis indicates where the S&P 500 could find support during the month of August 2024. Volume Profile puts market volume on a vertical axis which illustrate where volume is relative to price. The wider the volume bar the greater the potential support/resistance. The widest volume bar is called “Point of Control” (POC). TheContinue reading “Support Areas for S&P 500 – August 2024”

U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.

Long- and short-term Fibonacci time and price relationships imply an important U.S. 30 – Year Treasury Yield (TYX) bottom could be made late August/early September 2024. The weekly TYX chart courtesy of Trading View examines the long-term picture. One of the main aspects of Elliott wave analysis is that corrections of movements are usuallyContinue reading “U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.”

U.S. 30 – Year Treasury Yield – Elliott Wave Count – 08/02/24

Yield/rate for U.S. 30 – Year Treasury bonds could make an important bottom late August to early September 2024. The 02/01/24 blog “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24” illustrated that a short-term rally of U.S. 30 – year Treasury yield (TYX) could be complete, and the next phase downContinue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 08/02/24”

Could August be an Awful Month for Stock Bulls?

Sometimes a market trend can change in as little as a 30 – minute bar. Longer – term changes can come on the cusp of a new year, or perhaps a new month. U.S. stocks started August 2024 with a vicious downturn. The daily S&P 500 (SPX) chart courtesy of BigCharts.com shows the action sinceContinue reading “Could August be an Awful Month for Stock Bulls?”

Nasdaq 100 – Elliott Wave Count – 07/31/24

The Nasdaq 100 (NDX) is at a crossroads. The action on 08/01/24 could determine the near – term course for U.S . stocks. The daily NDX chart courtesy of Trading View shows the first alternate Elliott wave count. The NDX from its 07/10/24 all-time high has a very clear Elliott wave count. The general formContinue reading “Nasdaq 100 – Elliott Wave Count – 07/31/24”

Nasdaq 100 – the New Downside Leader

Throughout the 2024 U.S. stock rally the Nasdaq Composite and its sub index Nasdaq 100 (NDX) were the upside leaders. Since their respective all-time highs things have been different. The performance of the three main U.S. stock indices and NDX from their all-time highs to their recent decline bottoms are as follows. Dow Jones IndustrialContinue reading “Nasdaq 100 – the New Downside Leader”

Rotation Within the U.S. Stock Market

On July 11, 2024 there was a large move up in U.S. small cap stocks as measured by the Russell 2000 (RUT) stock index. Correspondingly on the same day there was a large drop in technology stocks. Prior to July 11, 2024 technology stocks were the main sector pushing U.S. stocks higher, small caps significantlyContinue reading “Rotation Within the U.S. Stock Market”

Long-Term S&P 500 – Momentum – 07/25/24

Signals from weekly momentum indicators imply more downside action for the S&P 500 (SPX). The weekly SPX chart courtesy of Trading View shows the long – term action. Weekly Stochastic has a bearish line cross and the lower line has entered the neutral zone. RSI has moved below its moving average line and has alsoContinue reading “Long-Term S&P 500 – Momentum – 07/25/24”