Author Archives: Mark Rivest

      Bullish Stock Signals From Europe and Asia

Comparing US stocks as represented by the S&P 500 (SPX)  with three other major national stock indices reveals  fascinating clues of what could soon happen. The 2022 stock market decline viewed  on an international scale shows that since late March the SPX has underperformed Japan’s Nikkei 225 (NI225), Germany’s – German Stock Index – DaxContinue reading ”      Bullish Stock Signals From Europe and Asia”

Momentum and Sentiment Indicator Review – 05/13/22

The 05/12/22 blog “ Nasdaq is  Extremely Oversold”  illustrated the weekly Nasdaq Composite – Slow Stochastic. The weekly Nasdaq Composite chart (COMP) courtesy of BigCharts.com updates the action. Weekly Slow Stochastic now has a bullish lines crossover in the oversold zone.  Additionally, COMP went deeply below the lower Bollinger band and has  moved back aboveContinue reading “Momentum and Sentiment Indicator Review – 05/13/22”

Nasdaq is Extremely Oversold

The Nasdaq Composite has been the weakest of the main US stock indices,  on 05/12/22 it reached an extremely oversold condition. The Nasdaq weekly chart courtesy of BigCharts.com- symbol (COMP) illustrates the situation. Slow Stochastic is at the lowest level in five years. The Nasdaq hourly Point & Figure chart courtesy of Trading View –Continue reading “Nasdaq is Extremely Oversold”

Fibonacci Price and Time Connections – Part – Two

The 05/08/22 blog “Fibonacci Price and Time  Connections” noted  broad leeway for support on the S&P 500 (SPX) could be between 4035 and 3985.  Today 05/09/22 the SPX low was at  3975.48.  Leeway is  not an exact science.  The SPX 2010 decline was the source for projecting a possible 2022 support area.  In 2010 theContinue reading “Fibonacci Price and Time Connections – Part – Two”

Fibonacci Price and Time Connections

It’s possible that the S&P 500 (SPX) decline since the start of 2022 is  the fourth Primary degree wave of a  five – wave Elliott  impulse pattern that began in March 2009.  This theory was examined in the 02/27/22 blog “S&P 500 Long – Term Elliott Wave Count – 02-25-22”.   The SPX April to JuneContinue reading “Fibonacci Price and Time Connections”

Nasdaq Composite Momentum 05/06/22

The Nasdaq Composite (IXIC)  made its all-time high in November 2021 more than a  month before the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average (DJI).  Since then, it has been the weakest index – down 26%  from its  November 2021 top. The 05/02/22 blog “US Stock Market  MomentumContinue reading “Nasdaq Composite Momentum 05/06/22”

US Stocks Up on Bearish News

Today 05/04/22 the FOMC  again raised interest rates, and US stocks had a big rally. The daily S&P 500  (SPX) chart courtesy of Trading View illustrates the action. Daily RSI after recording  a  bullish divergence  had a bullish cross over of its moving average line.  This new piece of bullish evidence adds  to the considerableContinue reading “US Stocks Up on Bearish News”

Long – Term S&P 500 – Elliott Wave Count 05-03-22

The S&P 500 (SPX) rally from 05/02/22 to 05/03/22 looks like a corrective pattern which implies the SPX could go below the 05/02/22 bottom.  The monthly SPX chart courtesy of Trading View illustrates  the long- term Elliott wave count. Within Elliott motives  waves  there’s usually a Fibonacci relationship between waves “two” and “four”.  The SPXContinue reading “Long – Term S&P 500 – Elliott Wave Count 05-03-22”

US Stock Market Momentum and Sentiment – Part Two – 05-02-22

Today 05/02/22 the S&P 500 (SPX) went below its 02/24/22 bottom eliminating the bullish divergence  of only the Nasdaq Composite (IXIC) making new  decline lows.  While eliminating the bullish divergence  there are others made by the new SPX low. The combined daily SPX and VIX chart courtesy of Trading View illustrates  the  bullish divergences. TheContinue reading “US Stock Market Momentum and Sentiment – Part Two – 05-02-22”