Mark Rivest

Semiconductor Sell Signal – 05/04/26

For several months the PHLX – Semiconductor index (SOX) has been the leading sector of the U.S. stock market. There may have been a major sell signal on 05/04/26. The daily SOX chart courtesy of Trading View illustrates the action. On 05/04/26 – SOX made a new all-time high and ended the session below itsContinue reading ” Semiconductor Sell Signal – 05/04/26″

Momentum at a Potential Blowoff Top – May 2026

Long – term external and internal momentum indicators reveal fascinating aspects for the U.S. stock market. The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates external momentum. Note weekly RSI reading as of 05/01/26 has a bearish divergence vs. the readings made in late 2025. There is currently not a near – termContinue reading “Momentum at a Potential Blowoff Top – May 2026”

Blowoff Top – 05/01/26

The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal. This happened on a Full Moon. Sometimes NewContinue reading “Blowoff Top – 05/01/26”

Short – Term S&P 500 – Elliott Wave Count – 04/30/26

The 04/25/26 blog “Short-Term S&P 500 – Elliott Wave Count – 04/24/26” illustrated that the S&P 500 (SPX) could be in a developing Elliott wave – Impulse pattern since the 03/30/26 bottom. The one – hour SPX chart courtesy of Trading View updates the Elliott wave count. The 04/25/26 blog illustrated the 04/23/26 bottom asContinue reading “Short – Term S&P 500 – Elliott Wave Count – 04/30/26”

The Case for Higher U.S. Interest Rates – Part Two

The 03/22/26 blog “The Case for Higher U.S. Interest Rates – March 2026” illustrated that the CBOE 30 – Year Treasury Bond Yield may have completed a multiyear Elliott wave – Horizontal Triangle at the 02/27/26 bottom. This wave count could be correct; however, there’s an alternate wave count in which the multiyear Horizontal TriangleContinue reading “The Case for Higher U.S. Interest Rates – Part Two”

Short-Term S&P 500 – Elliott Wave Count – 04/24/26

On 04/24/26 two of the three main U.S. stock indices, S&P 500 (SPX), and Nasdaq Composite made all-time highs. This is a bullish movement. The SPX – Elliott wave count from the 03/30/26 bottom gives us a clue of where this index could be in the short-term cycle. The 60 – minute SPX chart courtesyContinue reading “Short-Term S&P 500 – Elliott Wave Count – 04/24/26”

New Highs and Sudden Reversal – 04/23/26

On 04/21/26 only the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average. This was illustrated in the 04/21/26 blog “Bearish Momentum Signal – 04/21/26”. The bearish signal is invalidated if two of the three main stock indices makeContinue reading “New Highs and Sudden Reversal – 04/23/26”

Transportation Average – Blow Off Top?

The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band. This is typically a sign of a market index or stock nearing upside exhaustion. At the open of the 04/22/26 session DJT was still above the weekly Bollinger band. What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”

Bearish Momentum Signal – 04/21/26

In the U.S. stock market, an important bearish signal could occur if only one of the three main stock indices makes an all-time high unconfirmed by the other two indices. The main indices are, S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC). The daily SPX, DJI, and IXIC courtesy of TradingContinue reading “Bearish Momentum Signal – 04/21/26”

International Bearish Divergences

Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs. However, other major national stock markets have failed to reach new heights. Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”