Author Archives: Mark Rivest

Examination of Two Major Bear Markets

The US stock market  declines  from 1929 to 1932 and 2000 to 2002 reveal clues  that could be helpful in determining  stock actions in 2022. The basic  principle of Elliott wave theory is  that progress  is made in five -waves and corrected in three waves.  There are three types of corrective patterns, Zigzag, Flat, andContinue reading “Examination of Two Major Bear Markets”

   Are Stock Bears Ready for a New Attack?

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates  considerable bullish evidence. The SPX has broken above a declining daily trend line. Daily MACD – Histogram has crossed the zero line. MACD lines have a bullish crossover. Daily RSI and Stochastics  have bullish lines  crossovers after having bullish divergences. On the bearish sideContinue reading ”   Are Stock Bears Ready for a New Attack?”

Relentless Stock Market Decline

For several weeks US stocks have been in a relentless decline.  In  the next few weeks could there be more downside action, perhaps 10, 15, or 20% lower?  An examination of the Nasdaq Composite reveals  some amazing data. The  Nasdaq Composite  has dropped 31.9% from its all- time high.  The S&P 500 has  fallen  20.9%Continue reading “Relentless Stock Market Decline”

Secondary Bottom Could be in Place

The 05/13/22 blog “Momentum Indicator Review – 05/13/22” noted that “Since the S&P 500  (SPX)  03/29/22  top the rallies  have  not lasted longer than three- trading days.” For three full trading days after the 05/12/22 bottom, US stocks indices  had  powerful rallies.  Then  05/18/22, right on cue the bears  initiated a vicious counterattack. The NasdaqContinue reading “Secondary Bottom Could be in Place”

UKX 100 Index is the Upside Leader

The 05/15/22 blog “Bullish Stock Signals From Europe and Asia illustrated that the UKX 100 Index (UKX) was the strongest of four major national stock indices. Today 05/17/22 UKX , had two additional bullish signals. The daily UKX  chart courtesy of Trading  View illustrates the action. UKX broke above  Fibonacci .618 resistance of the 04/11/22Continue reading “UKX 100 Index is the Upside Leader”

      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”