Mark Rivest

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”

Mind Blowing Fibonacci Relationships

This websites prior blog noted that statistically 07/03/23 could be a bullish day, and because of the shortened trading day any new rally high could be marginal. Today 07/03/23 all three of the main U.S. stock indices closed the day up. None of the indices made a new post October 2022 rally high – theContinue reading “Mind Blowing Fibonacci Relationships”

At the Summit? – Part Two

Evidence from the sentiment dimension gives clues to a potential S&P 500 (SPX) top. The daily SPX and VIX chart courtesy of Trading View updates their relationship. Many traders/analysts believe that the VIX making a new low is a bearish signal for the SPX. However, most of the time SPX tops are made when theContinue reading “At the Summit? – Part Two”

At the Summit?

On 06/30/23 the S&P 500 (SPX) made a new post October 2022 rally high. Time cycles indicate a potential top late June to early July 2023. U.S. stocks could be on the verge of an important summit. The 06/27/23 blog “Start of the Final Rally?” noted “The end of the second quarter is 06/30/23, there’sContinue reading “At the Summit?”

Vietnam 30 Stock Index Hits Powerful Resistance

The FTSE Vietnam 30 Stock Index (VN30) has reached and moved down from potentially powerful resistance. This could be additional evidence that the next wave down of a global stock bear market may have begun. Fibonacci retracement points are like magnets for price. After price reaches a Fibonacci level its frequently becomes a barrier. InContinue reading “Vietnam 30 Stock Index Hits Powerful Resistance”