Author Archives: Mark Rivest

Could Crude Oil be Signaling Economic Weakness?

During the week of 03/13/23 to 03/17/23 Crude Oil made a new bear market low.  This move   implies additional weakness for  Crude Oil.  It could also be a bearish signal for the economy and stocks. Crude Oil is the essential commodity for the global economy.  Generally rising Oil prices correspond with a growing economy.  FallingContinue reading “Could Crude Oil be Signaling Economic Weakness?”

Could the U.S. Federal Reserve be Trapped?

On 03/22/23 the FOMC will make their next decision on interest rates.  They could continue to raise rates or pause because of recent U.S. bank failures.  Either decision could ultimately be bearish for U.S. stocks and the economy. Currently the U.S economy is experiencing higher than normal inflation rates caused by massive U.S. government spending.  Continue reading “Could the U.S. Federal Reserve be Trapped?”

S&P 500 – Alternate Elliott Wave Count – 03/16/23

This alternate Elliott wave count has the same message as the wave count illustrated in 03/15/23 blog.  The message was that the S&P 500 (SPX) could be in a new down phase of a bear market that began in January 2022.  If the alternate wave count is correct it could provide Fibonacci evidence of whereContinue reading “S&P 500 – Alternate Elliott Wave Count – 03/16/23”

Philippines Stock Exchange – Bearish Signs

During the last two – weeks the technical conditions of the Philippines Stock Exchange (PSEI) has changed drastically.  About two – weeks  ago  it appeared that a rally to new all-time highs could developed.  What happened was a break below chart support at 6,537.  Then a move below Fibonacci support at 6,430.  Meanwhile in theContinue reading “Philippines Stock Exchange – Bearish Signs”

S&P 500 – Bearish Elliott Wave Evidence

There are always alternate Elliott wave interpretations.  This blog examines evidence that the S&P 500 (SPX) may have made  a secondary bear market peak on 02/02/23. The first SPX daily chart courtesy of Trading View illustrate Fibonacci time and price ratios. The SPX decline from its all-time high on 01/04/22 to its  bottom on 10/13/22Continue reading “S&P 500 – Bearish Elliott Wave Evidence”

Rally for One – Week or One – Month?

The 03/11/23 blog “Stock Market Fuel” noted that the Dow Jones Industrial Average (DJI) had two Fibonacci support points.  One at 31,552 the other at 31,657.  The DJI bottom on 03/13/23 was at 31,641 between the two support points.The 03/11/23 blog also illustrated S&P 500 (SPX) Point & Figure support at SPX 3,815.  The SPXContinue reading “Rally for One – Week or One – Month?”

  Major UK 100 Top is Probably in Place

The 02/09/23 blog “Price Forecast for UK 100 Major Top” noted that  a multi-year rising trendline and two Fibonacci coordinates implied the broad zone for a major top was 8,050 to 8,300.  On 02/16/23 the UK 100 (UKX) reached 8,047, this could be a major top! The monthly UKX chart courtesy of Trading View showsContinue reading ”  Major UK 100 Top is Probably in Place”

Dow Jones Industrial Average Projections

This is a follow up to the prior blog “Stock Market Fuel” and illustrates two paths the Dow Jones Industrial Average (DJI) could take in the coming months. The projections assume that the DJI has been developing an Elliott wave – Horizontal Triangle from its all-time high in January 2022. The daily DJI chart courtesyContinue reading “Dow Jones Industrial Average Projections”

   Stock Market Fuel

How much lower could U.S. stocks go before reaching an important bottom? Momentum oscillators are similar to a fuel gauge for markets, they can give you a rough estimate of where a movement could end.  The weekly S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the action since early 2022. Stochastic is generally a moreContinue reading ”   Stock Market Fuel”