Author Archives: Mark Rivest

The Big Picture for U.S. Stocks – February 2024

As stock bull markets progress, investor optimism grows and usually peaks near market tops.  Correspondingly momentum wanes as the stock market climbs.  Stocks discount the future, and the stocks of smaller/weaker companies are the first to falter in anticipation of economic weakness.  The higher a stock index climbs the number of stocks participating in theContinue reading “The Big Picture for U.S. Stocks – February 2024”

U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24

The 12/28/23 blog “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23” noted. “An intermediate bottom for 30 – year U.S. Treasury Yields could be in place”. A bottom for the 30- year U.S Treasury Yield (TYX) was in place and the subsequent rally appears to be complete.  The  next wave downContinue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24”

The Birth of a Bear Market? – 01/31/24

For several weeks the U.S. stock market has had several bearish momentum signals.  However, there’s been one factor missing from the bearish equation – a “Rule of the Majority” signal.  This phenomenon occurs when only one of the three main U.S. stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC)Continue reading “The Birth of a Bear Market? – 01/31/24”

The Magnificent Two Stocks

In the late stage of a stock bull market fewer and fewer stocks participate in the rally.  On 01/26/24 only two of the seven stocks driving the U.S. stock market made new highs. The seven stocks driving the U.S stock market are called the “Magnificent Seven” and as “Investor’s Business Daily”  writes. “Due to theirContinue reading “The Magnificent Two Stocks”

The Final Rally for U.S. Stocks?

The 01/25/24 blog “Basing for the Final Rally?” noted, “The DJI and SPX have the best chance of another all-time high being made on 01/26/24.” On 01/26/25 the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made all-time highs.  This could be the final rally, and pinnacle of the U.S. stock bull market. Continue reading “The Final Rally for U.S. Stocks?”

Basing for the Final Rally?

The intraday actions of the three main U.S. stock indices appears they may be basing for another, perhaps final rally. The 15 – minute chart of the Dow Jones Industrial Average (DJI), S&P 500 (SPX), and Nasdaq Composite (IXIC) courtesy of Trading View illustrates what’s been happening. At the close of the 01/25/24 trading sessionContinue reading “Basing for the Final Rally?”

S&P 500 – Reaches Major Fibonacci Resistance – 01/24/24.

U.S. stocks could be forming a major top.   Today 01/24/24 the S&P 500 (SPX) made a new all -time high at 4,903.68, only a few points above major Fibonacci resistance.   The 11/10/21 blog “Possible S&P 500 Topping Zone” illustrated long-term Fibonacci price calculations projecting major SPX resistance at 4,889.71.   The charts from this blog wereContinue reading “S&P 500 – Reaches Major Fibonacci Resistance – 01/24/24.”

S&P 500 – Fibonacci Time Cycles – 01/19/24

Occasionally markets and individual stocks can turn at Fibonacci time cycle points.  Time cycles do not indicate a top or a bottom.  Market action going into the  times cycle determines the potential turn.  The S&P 500 (SPX) has rallied into two potential Fibonacci time cycle. The daily SPX chart courtesy of Trading View illustrates aContinue reading “S&P 500 – Fibonacci Time Cycles – 01/19/24”

U.S. Stock Market Momentum Update – 01/19/24

On 01/19/23 the S&P 500 (SPX) surged up 1.23% and made a new all-time high.  On the surface it appears this could be in the start part of another manic rally.  An examination of U.S. stock market momentum suggests something else. The daily S&P 500 – Advanced/Decline line ($SPXADP) chart courtesy of StockCharts.com updates itsContinue reading “U.S. Stock Market Momentum Update – 01/19/24”