Mark Rivest

Evidence of a Major U.S. Stock Market Top – 01/24/25

Long-term momentum and sentiment readings for U.S. stocks suggests a major peak is forming. On 01/24/25 the S&P 500 (SPX) continued its recent pattern of making a new all-time high unconfirmed by the other two main U.S. stock indices, Dow Jones Industrial Average and Nasdaq Composite. This significant bearish divergence is just one factor inContinue reading “Evidence of a Major U.S. Stock Market Top – 01/24/25”

Watch the Nasdaq Composite – 01/23/25

On 01/23/25 of the three main U.S. stock indices only the S&P 500 (SPX) continued to make all- time highs. The Dow Jones Industrial Average and Nasdaq Composite (IXIC) are still below their ultimate highs made in December 2024. If two of the three main U.S. stock indices make new all-time highs it would beContinue reading “Watch the Nasdaq Composite – 01/23/25”

All – Time High S&P 500 – 01/22/25

Today 01/22/25 the S&P 500 (SPX) made a new all-time high unconfirmed by the Dow Jones Industrial Average (DJI) and the Nasdaq Composite. This by itself is a potentially very bearish momentum signal. The daily SPX chart courtesy of BigCharts.com updates its action. BigCharts.com – Slow Stochastic indicator is very effective in discovering potential trendContinue reading “All – Time High S&P 500 – 01/22/25”

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”