Mark Rivest

U.S. Stock Market Sentiment – 07/19/23

As the S&P 500 makes new post October 2022 rally highs the VIX remains above its most recent bottom made on 06/22/23. The daily VIX chart courtesy of Trading View updates its action. The VIX failing to make a new low with the SPX making new rally highs is a potential topping signal for U.S.Continue reading “U.S. Stock Market Sentiment – 07/19/23”

Mini Mania

The U.S. stock market is currently experiencing a mania fueled mostly by the Technology stock sector. The main stock indices continue to move higher in spite of bearish momentum and sentiment divergences. The current mania is a pale shadow of the major Technology stock mania from late 1999 to early 2000. The daily Nasdaq 100Continue reading ” Mini Mania”

S&P 500 – Sector Analysis

State Street SPDR divides the S&P 500 into 11 – sector Exchange Traded Funds (ETF). An examination of two of the sector ETF’s and one sub sector reveals insights to the broader U.S. stock market and economy. The weekly Financial sector ETF – (XLF) and Technology sector ETF – (XLK) chart courtesy of Trading ViewContinue reading “S&P 500 – Sector Analysis”

Philippines Stock Exchange an Elliott Wave Tutorial

The movements of the Philippines Stock Exchange Index (PSEI) in 2023 have been textbook Elliott wave patterns. The daily PSEI chart courtesy of Trading View provides lessons in learning the Elliott wave theory. The first step in Elliott analysis is breaking price movements into segments. In this case the first segment to examine is theContinue reading “Philippines Stock Exchange an Elliott Wave Tutorial”

Subtle Bearish Signs

On 07/13/23 U.S. stocks continued to rally. However, there were small signals that hinted the bears could be ready to pounce. Both the S&P 500 (SPX) and Nasdaq Composite made new post October 2022 rally highs. This suggests the rally could continue for at least one trading day. The third main U.S. stock index, theContinue reading “Subtle Bearish Signs”

Two U.S. Stock Indicators to Watch

Today 7/12/23 two of the three main U.S. stock indices moved to new post October 2022 rally highs. The new highs came beyond the leeway time zone for the expected Spiral Calendar top due late June 2023 – illustrated in the 06/22/23 blog. Today’s highs also invalidated Fibonacci price and time relationships shown in theContinue reading “Two U.S. Stock Indicators to Watch”

S&P 500 Long – Term Elliott Wave Count – 07/07/23

Recent blogs on this website have illustrated three amazing time cycle each pointing to a significant turn for U.S. stocks – late June/early July 2023. On 06/30/23 the S&P 500 (SPX) made a new post October 2022 rally high unaccompanied by either the Dow Jones Industrial Average, or the Nasdaq Composite. This broad bearish momentumContinue reading “S&P 500 Long – Term Elliott Wave Count – 07/07/23”

Examination of Long and Short – Term Interest Rates – 07/07/23

The 04/30/23 blog “Examination of Long and Short – Term Interest Rates – 04/28/23” noted the 30 – Year Treasury Yields (TYX) from its peak in October 2022 appeared to be forming an Elliott Wave – Horizontal Triangle. The daily TYX chart courtesy of Trading View updates its action. On 07/07/23 TYX exceeded the peakContinue reading “Examination of Long and Short – Term Interest Rates – 07/07/23”

UK 100 Could be Collapsing.

The national stock index with the clearest Elliot wave pattern since October 2022 has been the UK 100 (UKX). The following list of blogs chronicles the UKX amazing progress. The 03/13/23 blog “Major UK 100 Top is Probably in Place” noted “On 02/16/23 the UK 100 reached 8,047, this could be a major top!” TheContinue reading “UK 100 Could be Collapsing.”

Bearish Signals From the German Stock Index

The German Stock Index (DEU40) appears to be in the early phase of a significant bear move. The daily DEU40 chart courtesy of Trading View illustrates the action. In mid – June 2023 the DEU40 made a new all-time high. The pattern up from September 2022 bottom counts as an Elliott – five wave Impulse. Continue reading “Bearish Signals From the German Stock Index”