Mark Rivest

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”

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”