Mark Rivest

Trendline Upside Break Out – 01/25/23.

Today 01/25/23 the S&P 500 (SPX) had its third close above both the declining trendline from January 2022 and its 200 – day moving average (MA). The daily SPX chart courtesy of Trading View updates the action. From a time perspective three closes above the line and the moving average is bullish and implies theContinue reading “Trendline Upside Break Out – 01/25/23.”

Philippine Stock Exchange – Update – 01/20/23

Recently several national stock markets have exhibited bullish signals. One of the strongest upside markets is the Philippine Stock Exchange (PSEI). The daily PSEI chart courtesy of Trading View illustrates its performance. Since October 2022 the PSEI has outperformed the S&P 500 (SPX) by a wide margin. From October to December the SPX had aContinue reading “Philippine Stock Exchange – Update – 01/20/23”

Bulls Regain the Momentum

On 01/19/23 the Nasdaq Composite (IXIC) and Russell 2000 exhibited signs of relative bullish strength. More signals emerged on 01/20/23 that the uptrend in U.S stocks has probably resumed. The daily SPX chart courtesy of Trading View updates the action. Daily Stochastic has a bullish crossover and RSI has moved above its moving average line. Continue reading “Bulls Regain the Momentum”

Bearish Counterattack – Part – Two – 01/19/23

On 01/19/23 the S&P 500 (SPX) continued its post 01/17/23 decline with an additional bearish momentum signal implying further downside action. The daily SPX chart courtesy of Trading View updates three momentum indicators. The daily RSI has crossed below its moving average line. Daily Stochastic is far above the oversold zone. MACD has so farContinue reading “Bearish Counterattack – Part – Two – 01/19/23”

Bearish Counterattack – 01/18/23

Since 1/12/23 the bulls have been on the verge of breaking above important resistance near S&P 500 (SPX)– 4,000. Today 01/18/23 The bears held the line and counterattacked with strong selling throughout most of the session. The start of a multi- week bear phase? One indicator could soon give us the answer. The prior blogContinue reading “Bearish Counterattack – 01/18/23”

Short- Term Momentum Update – 01/13/23

When markets are in a steadily rising trend, bearish momentum divergences will emerge which could later be invalidated. This phenomenon is occurring with the S&P 500 (SPX). The 15 -minute SPX chart courtesy of Trading View illustrates its short-term trend. Recent blogs on this website have illustrated that both the SPX – 15 –Continue reading “Short- Term Momentum Update – 01/13/23”

Rare Bullish Momentum Signal

During the trading week ending 01/13/23 the NYSE – Advance/Decline line ($NYAD) had a bullish reading that’s only occurred four times in times the last fourteen – years. The implications of this signal could mean U.S stocks rally into March/April 2023. The weekly $NYAD chart courtesy of StockCharts.com illustrates the action since January 2007.Continue reading “Rare Bullish Momentum Signal”

At the Bear Panic Point

Today 0/12/23 the S&P 500 (SPX) broke above Fibonacci resistance in the 3,970 area then reached the bear panic point close to 4,000. While short-term momentum continues to suggest a small decline, longer-term momentum implies a rally that could last for several weeks. The daily SPX chart courtesy of Trading View updates the action. TheContinue reading “At the Bear Panic Point”

Nearing the Bear Panic Point

The S&P 500 (SPX) is close to the declining trendline from the January 2022 top and the 200 – day moving average (MA). A move above this important resistance could trigger massive, short covering and bring in new long side trader’s. The panic point is around SPX – 4,000. Daily momentum suggests a move aboveContinue reading “Nearing the Bear Panic Point”

UK 100 Upside Breakthrough

Last week the UK 100 (UKX) broke above its 2022 high, becoming the first major national stock index to exceed its 2022 peak. The UKX could help in detecting a global stock market top sometime in early 2023. The 11/03/22 blog “Bullish Evidence From the United Kingdom Stock Market” illustrated that the UKX –Continue reading “UK 100 Upside Breakthrough”