In the short – term the Philippine Stock Exchange Index (PSEI) has been relatively weaker than the S&P 500 (SPX). The SPX recent bottom came on 06/17/22, the PSEI didn’t bottom until 06/23/22. On 07/15/22 the PSEI appeared to be on track to make a new 2022 low, the rally on 07/18/22 appears to haveContinue reading “Philippine Stock Exchange Index Bullish Signals”
Author Archives: Mark Rivest
Slow Rise
From January to June 2022 the three main US stock indices were in a steady downtrend creating an oversold condition. Could July 2022 also be another down month for US stocks? Evidence continues to suggest a multi-week rally is developing. The monthly S&P 500 (SPX) chart courtesy of Trading View illustrates long-term momentum. This chartContinue reading ” Slow Rise”
A Full Moon and Trendlines
Occasionally markets can turn on or near Full or New Moons. For stocks Full Moons tend to signal bottoms, New Moons tend to signal tops. There’s a Full Moon on 07/13/22. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates New and Full Moons since late 2021. Using the parameters of plus orContinue reading “A Full Moon and Trendlines”
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”
Four Dimension Trading 