Author Archives: Mark Rivest

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?”

  Dow Jones Industrial Average  Long – Term Time Forecast

Since the Dow Jones Industrial Average (DJI) major peak in January 2000  the two subsequent bear and bull markets  have had Fibonacci time ratio  relationships.  Assuming the January 2022 DJI top holds, these Fibonacci ratio relationships  could  project when the current bear market ends. The Fibonacci sequence is as  follows (1, 1, 2, 3, 5,Continue reading ”  Dow Jones Industrial Average  Long – Term Time Forecast”

  Forecast for a Short – Term Bottom

On 06/10/22 the S&P 500 (SPX) – daily MACD had a bearish lines cross over below the zero line. This is a rare event, the last time it  happened was on 12/17/18, that occurrence could help to discover a short-term bottom for the current SPX  decline. The daily SPX chart courtesy of Trading View illustratesContinue reading ”  Forecast for a Short – Term Bottom”