Author Archives: Mark Rivest

The 05/29/22 blog “UK 100 Could Soon Make an  All-Time High” noted how close the UK 100 (UKX) was to making  a new 2022 high and possibly an all-time high.  Two – trading days later the UKX peaked just below its  April top, then declined through most of June. Subsequently on 07/14/22 UKX  made aContinue reading “Could the UK 100 be a Global Stock Market Indicator?”

Market  momentum oscillators  such as  Stochastic and RSI can be used to measure the length of a  price  movement, think of them as  fuel gauges.  A  review  of some S&P 500 (SPX) momentum oscillators  illustrate  the potential remaining  fuel.     The monthly SPX chart courtesy of Trading View illustrates  long-term momentum. This chart was  firstContinue reading “Market Fuel Gauge”

The 07/07/22 blog “Long -Term Momentum Implies a  Multi – Week Rally”  noted US stocks could rise into August with a bulls – eye target date of 08/22/22 for a potential peak.  The action of US stocks in the last week of July continues to bolster that theory.  What happened on 07/27/22 and 07/28/22 hintsContinue reading “US Economy in Recession – Stocks Rally”

On 07/22/22 the S&P 500 (SPX) hit round number resistance at 4,000 and then trended down for most of the session.  Is  this the  start of the next down wave in a bear market?  Perhaps, however short-term and long-term momentum indicators suggest there could be more upside action. The daily SPX chart courtesy of TradingContinue reading ”  S&P 500 – Momentum Update – 07/22/22″

The S&P 500 (SPX)  high on 07/19/22 was 3,939.81,  just below a  double peak.  If the SPX can decisively break above this resistance it could open the door for a move up to the 4,100 area. The SPX – 15 – minute chart courtesy of Trading View illustrates the action. On 06/10/22 the SPX madeContinue reading “S&P 500 – Near Important Resistance 07/19/22”