Mark Rivest

Philippines Stock Exchange Update – 03/09/23

The daily Philippines Stock Exchange chart (PSEI) courtesy of Trading View updates the action. The PSEI has broken below the bottom of the presumed wave ( E ) of the multi-year Elliott wave – Horizontal Triangle at 6,537.52. This opens the door to the next support zone around 6,430 noted in the 03/04/23 blog “PhilippinesContinue reading “Philippines Stock Exchange Update – 03/09/23”

S&P 500 Breaks Support – 03/09/23

The blog “Move Up From Important Support – 03/02/23” noted the S&P 500 (SPX) rallied after it reached the area of two Fibonacci support levels and the 200 – day moving average (MA). Today 03/09/23 the SPX broke and closed the session below this important support. This break opens the door for more downside action.Continue reading “S&P 500 Breaks Support – 03/09/23”

Philippines Stock Exchange Update – 03/08/23

The daily Philippines Stock Exchange (PSEI) chart courtesy of Trading View updates the action. The prior PSEI session declined about 1.3% then at the end finished positive for the day. The current session as of this writing is down slightly. The MACD so far has a very small bullish lines cross, Stochastic has a smallContinue reading “Philippines Stock Exchange Update – 03/08/23”

Put/Call Ratio Signal – 03/08/23

Investors’ Business Daily uses Put/Call (PC) ratio moves above 1.15 as a sign that U.S stocks could be near a bottom. Today 03/08/23 for the second time in just nine trading days P/C went above 1.15. U.S stocks could near a bottom. The daily PC and S&P 500 (SPX) chart courtesy of Trading View illustratesContinue reading “Put/Call Ratio Signal – 03/08/23”

Philippines Stock Exchange – Update – 03/07/23

Momentum oscillators for the Philippines Stock Exchange (PSEI) are bullish. The daily PSEI chart courtesy of Trading View illustrates three momentum indicators. Daily Stochastic has a bullish lines crossover and is still in the neutral zone, this implies more near-term upside action. Daily RSI has crossed above its moving average line and is also stillContinue reading “Philippines Stock Exchange – Update – 03/07/23”

Philippines Stock Exchange – Update – 03/06/23.

After the 03/04/23 blog “Philippines Stock Exchange Five Year Pattern” there was a large increase in views on this website, and an inquiry about a Philippines Stock Exchange (PSEI) rally. This week there will be updates on the PSEI. What’s developing with the PSEI could have implications for the global stock community. The daily PSEIContinue reading “Philippines Stock Exchange – Update – 03/06/23.”

Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates

The 10/23/22 blog “Intermediate Top For Interest Rates” noted “If US interests rates decline it could be a catalyst for a multi- week rally in US stocks”. Subsequently the rates/yields for 10 and 30 – year U.S Government bonds/notes declined and U.S stocks rallied. There could soon be another decline for 10 and 30 –Continue reading “Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates”

Philippines Stock Exchange – Five – Year Pattern

The 01/16/23 blog illustrated that the Shanghai Stock Exchange Composite could be forming a multi-year Elliot wave Horizontal Triangle. The 02/08/23 blog noted that the Dow Jones Industrial Average could be forming a Horizontal Triangle from its January 2022 top. Now it appears the Philippines Stock Exchange Index (PSEI) could be forming a Horizontal TriangleContinue reading “Philippines Stock Exchange – Five – Year Pattern”

Move Up From Important Support – 03/02/23

S&P 500 (SPX) bottoms in the area of two support zones. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX made a bottom early in the 03/02/23 session. What makes this exciting is that the bottom was in the area of the SPX – 200 – day moving average (MA) and FibonacciContinue reading “Move Up From Important Support – 03/02/23”

Mixed Signals for U.S Stocks – Part – Two

The 02/25/23 blog noted that the S&P 500 (SPX) could marginally break below its 200 day moving average (MA) line, which did occur on 03/01/23. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX low on 03/01/23 broke marginally below its 03/24/23 bottom and its 200 – day – MA line. However,Continue reading “Mixed Signals for U.S Stocks – Part – Two”