Mark Rivest

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”

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”