Author Archives: Mark Rivest

S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22

The SPX 500 (SPX) rally  from 10/13/22 to 11/01/22  appears   to  have completed an extended Elliott wave impulse pattern. The 30 – minute SPX chart courtesy of Trading View illustrates  the action. The decline from the 11/01/22 top looks like a developing  Zigzag correction.  If so, it could complete near the 3,650 area which isContinue reading “S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22“

Bullish Evidence From the United Kingdom Stock Market

The prior blog “Bullish Evidence From the Mexican Stock Market” examined evidence from the main  Mexican stock index – IPC Mexico (ME).  The subject of this current blog is  the United Kingdom main stock index – UK 100 (UKX). The daily UKX chart courtesy of Trading View illustrates its action. The UKX like the MEContinue reading “Bullish Evidence From the United Kingdom Stock Market“

Bullish Evidence From the Mexican Stock Market

Traders/Investors could improve their chances of success by expanding the horizon of what they view.  When it comes to trading national stock indices – take a  global perspective. For example, if you trade one of the main US stock indices such as  the S&P 500 (SPX), also watch what’s happening in other main national stockContinue reading “Bullish Evidence From the Mexican Stock Market“

The Most Bullish Month for Stocks – November

Sometimes successful investing/trading can be enhanced by simply looking at the calendar.  Almost all markets have seasonal patterns, and for stocks, November has  been the most bullish month. Does most bullish mean huge moves up in November?  Not necessarily, while there are several instances of large  November gains, sometimes  the gains are small. As  measuredContinue reading “The Most Bullish Month for Stocks – November“

Dow Jones Industrial Average Could Make a New High in 2023  

The 2023 Stock Trader’s  Almanac has been published. This annual book has a tremendous amount of statistical data about the US stock market.  One of the sections in this year’s  edition is  titled  “Why a 50% Gain in the Dow is  Possible from its 2022 Low to its 2023 High”.  The article details  the actionsContinue reading “Dow Jones Industrial Average Could Make a New High in 2023  “

The Relationship Between Stocks and Bonds

Some traders/investors think that when stocks go up bonds go down, the reverse if stocks are going  down.  This  is  not always  true.  Sometime stocks trade inverse to bonds, sometimes  they trade together.  If  on 10/24/22 US government treasury bonds made an intermediate bottom it’s rally could correspond with  US stocks rising. The I-Shares 20Continue reading “The Relationship Between Stocks and Bonds“

Important Interest Rate Divergence

Additional Evidence that US interest rates  may have hit an intermediate peak. The following chart is courtesy of Trading  View. TYX – the Trading View symbol for 30 – year yields. TNX – the Trading View symbol for 10 – year yields. FVX – the Trading View symbol for 5- year yields. On 10/24/22 TYXContinue reading “Important Interest Rate Divergence”

Intermediate Top For Interest Rates?

Several clues from interest rates and bonds imply a trend reversal may have begun. The 10/19/22 blog “US Interest Rates Could be Near a Top” noted that the  monthly CBOE  30 – year  Treasury Bond Yield  (TYX) was nearing  a  resistance zone.  The TYX price action on 10/21/22 was dramatic and the first hint ofContinue reading “Intermediate Top For Interest Rates?“