Mark Rivest

Elements of a Stock Market Mania

An examination of two stocks participating in the AI and technology mania reveals fascinating data. The first is Micron Technology Inc. (MU) which was last illustrated in the 05/30/26 blog “Micron Technology Inc. Upside Target”. The weekly MU chart courtesy of Trading View updates the action. There are always alternate Elliott wave counts. The 05/30/26Continue reading “Elements of a Stock Market Mania”

Advance/Decline Lines at New Highs – June 2026

On 06/26/26 both the NYSE Composite Advance/Decline line and the S&P 500 Advance/Decline line made new all-time highs. This factor implies more upside action for both stock indices. The daily NYSE Composite Advance/Decline line ($NYAD) courtesy of StockCharts.com illustrates its action over the last six months. The pattern of the line for six months isContinue reading “Advance/Decline Lines at New Highs – June 2026”

Long – Term U.S. Stock Market Sentiment – June 2026

The Market Vane Bullish Consensus is a contrarian sentiment indicator that tracks the buy and sell recommendations of market professionals. High percentage readings come near bull market peaks, low readings near bottoms. For the S&P 500 readings, over 65% generally indicate a peak could be forming, 35% or lower signal an approaching bottom. Bullish consensusContinue reading “Long – Term U.S. Stock Market Sentiment – June 2026”

Sector Analysis of the S&P 500 – June 2026

State Street Investment Management has Exchange Traded Funds (ETF) focusing on eleven – S&P 500 (SPX) sectors. An examination of six sectors reveals fascinating momentum data for the broader U.S. stock market. Daily charts courtesy of Trading View examines the three most bullish sectors; Industrials (XLI), Materials (XLB), and Technology (XLK). On 06/18/26 only oneContinue reading “Sector Analysis of the S&P 500 – June 2026”

The First Tracks of a Looming Bear Market?

S&P 500 (SPX) Elliott wave count since 06/02/26 could be the beginning of a bear market. The SPX – 30 – minute chart courtesy of Trading View updates the chart illustrated in the 06/11/26 blog “S&P 500 – Short Term Elliott Wave Count – 06/11/26” The presumed five waves down from 06/02/26 to 06/09/26 couldContinue reading “The First Tracks of a Looming Bear Market?”

Micron Technology Inc. Update – 06/18/26

The 05/28/26 blog “Massive Rally of Micron Technology Inc.” illustrated that Micron Technology Inc. (MU) had a rally of 207% from its 03/31/26 bottom. Amazingly MU continues to climb. The daily MU chart courtesy of Trading View updates the action. As of 06/18/26 MU has risen an incredible 271% from its 03/31/26 bottom! Daily RSIContinue reading “Micron Technology Inc. Update – 06/18/26”

Crude Oil Update – 06/16/26

The 06/13/26 blog “Crude Oil Trendline Watch – June 2026” illustrated that a break below 80.00 could be a signal for a move down to 55.00. The daily Crude Oil chart (CL2!) courtesy of Trading View updates the action. On 06/15/26 the rising trendline was broken. On 06/16/26 Crude Oil went below important support atContinue reading “Crude Oil Update – 06/16/26”

Gold Update – 06/15/26

This website prior blog had noted Gold in U.S. dollars could reach Fibonacci resistance at 4,363.52. Today 06/15/26 Gold’s high was 4,369.48. The four – hour Gold chart courtesy of Trading View updates the action. When using Fibonacci analysis two or more Fibonacci coordinates increase the chances of a potential support/resistance zone. The 06/14/26 blogContinue reading “Gold Update – 06/15/26”

Could Gold be in the Middle of a Bear Market?

From late 2025 to early 2026 both Gold and Silver were in spectacular bull markets. From October 2025 to January 2026 Gold climbed 44.5%, Silver climbed 168.7%! The 02/01/26 blog “Silver Crash – January 2026” noted that silver probably made a bull market peak on 01/29/26. Gold peaked on the same day. Since then, bothContinue reading “Could Gold be in the Middle of a Bear Market?”

Crude Oil Trendline Watch – June 2026

The 04/18/26 blog “Collapsing Crude Oil? – April 2026” illustrated the bullish and bearish scenarios for Crude Oil. Since then, Crude Oil has trended sideways. Weekly momentum implies a multi-month downtrend may have begun. The weekly Crude Oil (CL2!) chart courtesy of Trading View shows the long-term picture. Weekly MACD has a bearish line cross.Continue reading “Crude Oil Trendline Watch – June 2026”