In U.S stock bull markets most sectors will trend with the main U.S. stock indices. Since May of 2023 the Consumer Staples – ETF (XLP) has been lagging the S&P 500 (SPX). The bearish divergence of this important sector is another sign that U.S stocks could be on the cusp of a sharp and deepContinue reading “Massive Consumer Staples Divergence”
Author Archives: Mark Rivest
U.S. Interest Rates Could Soon Make New 2023 Highs
The next U.S. FOMC decision on short-term U.S. interest rates is 09/20/23. Between now and then there’s likely to be considerable speculation on what action the FOMC could take. Rather than partake in a guessing game, focus on what’s happening at the long end of the U.S. interest rate curve. The daily CBOE 30 –Continue reading “U.S. Interest Rates Could Soon Make New 2023 Highs”
It’s About Time
Currently the most important factor for U.S. stocks is the dimension of time. In Technical analysis of markets and stocks a great deal of attention is focused on price patterns. Some attention examines momentum, and usually only a small amount of attention deals with time. The time dimension involves examining how long price rise/fall, cyclesContinue reading “It’s About Time”
Possible Counter Trend Peak for U.S. Stocks – 08/30/23
The Nasdaq Composite (IXIC) declined from 07/19/23 to 08/18/23. On 08/30/23 the IXIC and the other two main U.S. stock indices may have made tops in a developing bear trend. The 08/26/23 blog “Nasdaq Composite Elliott Wave Count – 08/25/23” illustrated a potential resistance zone from 13,900 to 13,980. The IXIC – two-hour chart courtesyContinue reading “Possible Counter Trend Peak for U.S. Stocks – 08/30/23”
Apple Inc. – Clear Elliott Wave Pattern
Sometimes individual stocks can have amazingly clear and accurate Elliott wave patterns. The recent action of Apple Inc. (AAPL) could be very helpful in timing the broader U.S. stock market. The two – hour APPL chart courtesy of Trading View illustrates its Elliott wave pattern since 07/19/23. From 07/19/23 to 08/18/23 APPL formed a clearContinue reading “Apple Inc. – Clear Elliott Wave Pattern”
Nasdaq Composite Elliott Wave Count – 08/25/23
On 8/18/23 the Nasdaq Composite (IXIC) bottomed out after its post 07/19/23 decline. The rally after the 08/18/23 bottom could still be a fourth wave of a developing motive pattern. However, the size of the rally is suspiciously large for a presumed wave “four”. This current blog examines two other potential Elliott wave counts. TheContinue reading “Nasdaq Composite Elliott Wave Count – 08/25/23”
Bearish Stock Reversal – 08/24/23
Today 8/24/23 the S&P 500 (SPX) opened the session with a gap up. The opening move invalidated the Elliott wave count illustrated in this websites prior blog. It appeared this open could be the beginning of a day long bull run. What happened was a dramatic bearish reversal. The SPX declined into the close ofContinue reading “Bearish Stock Reversal – 08/24/23”
Elliott Wave Count For U.S. Stock Indices – 08/23/23
The post 08/18/23 rally in U.S. stock indices could be complete. The 08/19/23 blog “S&P 500 First Wave Down Nearly Complete – 08/18/23” illustrated that the S&P 500 (SPX) may have completed Minuette wave (iv) of Minute wave “v” – boxed of the post 07/27/23 decline. The 30 – minute SPX chart courtesy of TradingContinue reading “Elliott Wave Count For U.S. Stock Indices – 08/23/23”
Bitcoin and Nasdaq Relationship – 08/18/23
The Nasdaq Composite (IXIC) and Bitcoin in U.S. dollars (BTCUSD) tend to trend together. Since late 2021 BTCUSD has been the weaker of the two and could be giving a preview of near -term IXIC action. The weekly BTCUSD and IXIC chart courtesy of Trading View shows their relationship since November 2021. BTCUSD made itsContinue reading “Bitcoin and Nasdaq Relationship – 08/18/23”
S&P 500 First Wave Down Nearing Completion – 08/18/23
The 08/16/23 blog “S&P 500 – Downside Targets – 08/16/23” noted. “A Fibonacci .236 retrace of October 2022 to July rally is near SPX 4,350. The SPX closed 08/16/23 at 4,404 and could reach 4,350 on 08/17/23.” On the S&P 500 (SPX) 08/18/23 open it reached 4,350 and quickly bottomed out at 4,335. Could thisContinue reading “S&P 500 First Wave Down Nearing Completion – 08/18/23”
Four Dimension Trading 