Traders that mainly use Technical Analysis should also devote some attention to Fundamental Analysis. Recently, bearish economic signals have increased the need to focus on Fundamental factors. First a Technical update on U.S. stocks. The 15 – minute S&P 500 chart courtesy of Trading View illustrates the Elliott wave count just prior to and afterContinue reading “Combining Technical and Fundamental Analysis”
Author Archives: Mark Rivest
Fed Decision Day – Part – Two
Today 03/22/23 the FOMC made their interest rate announcement. Later the S&P 500 (SPX) rallied to the low end of the price target zone illustrated in the 03/21/22 blog. After hitting the target zone the SPX dropped like a rock and ended the session at the low of the day. Focusing just on the SPX,Continue reading “Fed Decision Day – Part – Two”
Fed Decision Day
The next FOMC interest rate announcement will be made 2:00 PM -EDT – 03/22/23. The reaction to that announcement could affect the course of stocks for the next several weeks. Recently blogs on this site have noted bearish factors that hint U.S. and global stocks could be on the verge of a sharp decline. TheContinue reading “Fed Decision Day”
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”
Four Dimension Trading 