Author Archives: Mark Rivest

Crude Oil Trading Range

Since March 2022 Crude Oil has been in a trading range between 126.00 and 92.00. Momentum signals and seasonal patterns suggest a new uptrend may have begun. The daily Crude Oil chart – (CL2!) – continuous next futures contract in front – courtesy of Trading  View illustrates  the trading range. First note the double bottomContinue reading “Crude Oil Trading Range”

Long-Term Momentum Implies a  Multi-Week Stock Rally

The decline in US stocks from January 2022 to June  has  brought weekly and monthly Stochastics into the oversold zone.  The rally since the late June bottom could ease  the oversold condition.  Action from the S&P 500 (SPX) October 2007 to March 2009 bear market gives  clues as  to how long a  post June 2022Continue reading “Long-Term Momentum Implies a  Multi-Week Stock Rally”

Philippine Stock Exchange Index – Daily Analysis

The Philippine Stock Exchange Index (PSEI) declined from February to June 2022. The daily PSEI chart courtesy of Trading  View illustrates the action. The bottom made on 06/23/22 is referred to as a confirmed bottom, meaning the price low was confirmed by momentum indicators. Note that the Stochastic, RSI, and MACD were at or veryContinue reading “Philippine Stock Exchange Index – Daily Analysis”

Important S&P 500 – Support Levels

At the 06/17/22 bottom the S&P 500 (SPX) had declined 24%, this is second largest percentage  decline since the 2007 to 2009  bear market.  The largest percentage drop was the February to March 2020 crash of 35%.  The 06/18/22 blog “Dow Jones Industrial Average  Long – Term Time Forecast”  implied that the early January 2022Continue reading “Important S&P 500 – Support Levels”

Nasdaq Composite Update – June 30, 2022

The 06/27/22 blog “S&P 500 Could Rally to 4,100”  noted that a break above S&P 500 (SPX) resistance  in the 3940 area  could open  a move to moderate resistance at 4,020 and possibly 4,100.  On 06/28/22 the SPX marginally broke above 3,940 and then declined. The SPX broke below support that was noted at 3,890,Continue reading “Nasdaq Composite Update – June 30, 2022”

 S&P 500 Could Rally to 4,100

The 06/25/22 blog “Nasdaq Composite – MACD Indicator noted that the daily Nasdaq Composite (IXIC) had a bullish MACD  lines  crossover.  Today 06/27/22 the daily S&P 500 (SPX) – MACD also had a bullish lines crossover. This  increases  the chances for at least a short-term  US stock market rally. The 5 – minute SPX500 –Continue reading ” S&P 500 Could Rally to 4,100″

Examination of the Philippine Stock Market

The Society of Technical Analysts based in  Philippine’s has invited me  to speak to their group via zoom about the outlook for the US and Philippine stock markets. The relationship between the Philippine Stock Exchange (PSEI) and the S&P 500 (SPX) reveals clues relevant to the global stock market. The monthly PSEI and SPX chartContinue reading “Examination of the Philippine Stock Market”

Nasdaq Composite – MACD Indicator

The 06/16/22 and 06/23/22 blogs examined the possibility that US stocks could make a new decline bottom, within the 06/28/22 to 06/30/22 time  zone. The US stock market rally on 06/24/22 has reduced  the chances of a bottom being made in the last week of June 2022. The daily Nasdaq Composite chart (IXIC) courtesy ofContinue reading “Nasdaq Composite – MACD Indicator”

Prelude to a Short- Term Bottom?

The 06/16/22 blog “Forecast for a Short-Term Bottom” noted that a S&P 500  (SPX) daily MACD bearish crossover could be forecasting a short-term bottom sometime in the last week of June 2022. Subsequently US stocks have rallied, this  move  could be the prelude for another decline. The 05/28/22 blog “Examination of Two Major Bear Markets”Continue reading “Prelude to a Short- Term Bottom?”