Mark Rivest

Buy the Rumor Buy the News

After the 09/18/24 U.S – FOMC announcement U.S stocks rallied then reversed and the three main U.S stock indices ended the session near the lows of the day. It looked like a classic example of “buy the rumor sell the news”. On 09/19/24 U.S. stock bulls other plans. The Dow Jones Industrial Average (DJI) chartContinue reading “Buy the Rumor Buy the News”

Microsoft and Alphabet Inc. Elliott Wave Patterns

Much of the S&P 500 (SPX) upside performance through 2023 and 2024 has come from the so called “Magnificent Seven Stocks”. These stocks are Alphabet Inc. (GOOGL), Amazon (AMZN),Apple, (AAPL), Meta Platforms (META), Microsoft (MSFT) Nvidia, and Tesla (TSLA). As of 05/07/24 these 7 stocks made up 29% of the SPX gains. The other 71%Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns”

Gold – Elliott Wave Count – 09/13/24

Gold in U.S. dollars (XAUUSD) could soon make a primary degree peak. The daily Gold chart courtesy of Trading View illustrates the Elliott wave count since October 2022. Elliott wave analysis is a process of breaking markets into segments. You start from the most significant high or low to discover the main segment. From thatContinue reading “Gold – Elliott Wave Count – 09/13/24”

Gold Topping Process – Part Two – 09/12/24

The 09/05//24 blog “Gold Topping Process – 09/05/24” noted “Gold in U.S. dollars could soon make a new all – time high in the area of 2,540 to 2,550”. Today 09/12/24 Gold in U.S. dollars (XAUUSD) made a new all-time high at 2.560.16. The weekly Gold chart courtesy of Trading View updates the long-term action.Continue reading “Gold Topping Process – Part Two – 09/12/24”

U.S. 30 – Year Treasury Yield Update – 09/06/24

The 08/04/24 blog “U.S. 30 – Year Treasury Yield – Fibonacci Time and Price Analysis” illustrated price and time targets for the U.S. 30 – year Treasury yield (TYX). Weekly Fibonacci time analysis targeted the first week of September 2024 for a potential turn. Daily Fibonacci time analysis targeted 08/30/24 for a possible turn date.Continue reading “U.S. 30 – Year Treasury Yield Update – 09/06/24”

Downside Rollover of the S&P 500 – September 2024

The 09/01/24 blog “Dow Jones Industrial Average – Fibonacci Price and Time Relationships- August 2024” noted that the Dow Jones Industrial Average could decline after Labor Day. Immediately after Labor Day most U.S. stock indices began to fall. Momentum indicators imply this could be the beginning of a significant drop. The weekly S&P 500 (SPX)Continue reading “Downside Rollover of the S&P 500 – September 2024”

Gold Topping Process – 09/05/24

Gold in U.S. dollars could soon make a significant peak. The 08/25/24 blog “Gold Update – 08/23/24 noted. “If Gold can move above its current all-time high set on 08/20/24 the rally may not last very long or go very high.” On 09/05/24 Gold in U.S. dollars (XAUUSD) appears to be poised to move aboveContinue reading “Gold Topping Process – 09/05/24”

Dow Jones Industrial Average Important Top – 08/30/24

Recent blogs on this website illustrated the Dow Jones Industrial Average (DJI) could make an important top on 09/03/24. It now appears an important top may have been made on 08/30/24. The DJI 5 – minute chart courtesy of Trading View updates the action. From the 08/22/24 bottom the DJI appeared to be forming anContinue reading “Dow Jones Industrial Average Important Top – 08/30/24”

Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024

The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”

Dow Jones Industrial Average – Trendlines

The 08/29/24 blog “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24” illustrated the Dow Jones Industrial Average (DJI) was approaching a rising trendline connecting the December 2022 and July 2024 peaks. On 08/30/24 the DJI came closer to the trendline when it made another new all-time high. There’s also aContinue reading ” Dow Jones Industrial Average – Trendlines”