Author Archives: Mark Rivest

Nasdaq Composite Could Make a New All-Time High – Part Two

The Nasdaq Composite (IXIC) struggles to go down.   On 04/12/24 the S&P 500, Dow Jones Industrial Average, and the Russell 2000 made new decline lows.  The IXIC not only held above its 04/04/24 bottom, but it also failed to go below the  bottom made on 04/10/24. The 30-minute IXIC chart courtesy of Trading View illustratesContinue reading “Nasdaq Composite Could Make a New All-Time High – Part Two”

Nasdaq Composite Could Make a New All-Time High

On 04/12/24 the Nasdaq Composite (IXIC) could make a new all-time high. The 30-minute IXIC chart courtesy of Trading View illustrates the action. From its 03/08/24 peak the IXIC appears to have formed an Elliott wave – Horizontal Triangle.  Fibonacci price relationships support this theory. Minute wave “c” is close to equality with Minute waveContinue reading “Nasdaq Composite Could Make a New All-Time High”

Russell 2000 – Leading the Way Down

The Russell 2000 (RUT) small cap stock index has declined 5.5%  since its 03/28/24 peak. From its 03/21/24 top  the Dow Jones Industrial Average has fallen close to 4%. The Nasdaq Composite from 03/21/24 to 04/10/24 is down 2.3%. The S&P 500 from its 03/28/24 top has declined 2.4%. The daily RUT chart courtesy ofContinue reading “Russell 2000 – Leading the Way Down”

 Seasonal Patterns of the S&P 500

What happens in April could determine the course of U.S. stocks for the remainder of 2024. Most perhaps all markets have seasonal tendencies.   Sometimes the most powerful signals can occur when a  market moves counter to its seasonal pattern. The monthly 2007 to 2009 – S&P 500 (SPX) chart courtesy of Trading View illustrates aContinue reading ” Seasonal Patterns of the S&P 500″

  Short-Term S&P 500 – Downside Projection

Intraday S&P 500 (SPX) Elliott wave  patterns and Fibonacci analysis imply more downside action. The 5 – minute SPX chart courtesy of Trading View illustrates what’s happened since its all-time high. The decline from the SPX 03/28/24 peak appears to be a series of “one’s” and “two’s”.   In down trending markets this is one ofContinue reading ”  Short-Term S&P 500 – Downside Projection”

Quarter Turn – Stock Market Turn

The start of the 2024 second quarter has seen declines in the U.S. and other national stock markets.  The 03/24/24 blog “Major Fibonacci Time Cycles” illustrated an S&P 500 (SPX)   turn in  March 2024 using Fibonacci sequence numbers.   The SPX all-time high came on 03/28/24.  If the March 2024 SPX high holds it could beContinue reading “Quarter Turn – Stock Market Turn”

Two Characteristics of a High Probability Winning Trade

One market currently has two factors that strongly imply at least a one-month bull run.  That market is Soybeans.  Most of the information about the current Soybean bullish set up comes from a recent interview with the legendary trader, author, and market analyst Larry Williams. The weekly continuous Soybean chart courtesy of Barchart.com illustrates theContinue reading “Two Characteristics of a High Probability Winning Trade”

     Russell 2000 – at Resistance

Elliott wave patterns along with Fibonacci and chart resistance, suggest the Russell 2000 (RUT) rally may have ended. The weekly RUT chart courtesy of Trading View illustrates its long-term Elliott wave count. After its all-time high in mid-November 2021 there was a choppy bear phase that terminated in mid- June 2022.   Subsequent to that bottomContinue reading ”     Russell 2000 – at Resistance”

Bearish Rule of the Majority Signal – 03/28/24

On 03/28/24 of the three main U.S. stock indices only the S&P 500 (SPX) made a new all-time high.  The daily SPX, Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) chart courtesy of Trading View illustrates their relationship. When only one of the three main U.S. stock indices makes a new/high unconfirmed by theContinue reading “Bearish Rule of the Majority Signal – 03/28/24”