Author Archives: Mark Rivest

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”

The  Next  S&P 500 – Support Level

Today 06/14/22 the S&P 500 (SPX) moved marginally below the declining daily trendline support and chart support from bottoms made  in March 2021.  Because  the move below support was minor it could be break out fake out. On 06/15/22 the FOMC interest decision could trigger a more decisive move.  If the move is down PointContinue reading “The  Next  S&P 500 – Support Level”

Watch the S&P 500 – Trendline – Part Two

The 06/11/22 blog “Watch the S&P 500 – Trendline” concluded with the following. “The bears are in control – important points to watch are –  support zone near 3880, the 05/20/22 bottom at 3810.32, and the declining  daily trendline.” The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. Today 06/13/22 theContinue reading “Watch the S&P 500 – Trendline – Part Two”

   “Growth” of $10,000

The speculative forces  that drive Stocks  and  Bitcoin roughly trend together. The daily S&P 500 (SPX) and Bitcoin in US dollars (BTCUSD) courtesy of Trading View illustrates their relationship. Both made tops in early 2020 and had crash bottoms March of 2020.  BTCUSD made its all-time high on 11/10/21 the SPX topped on 01/04/22. OctoberContinue reading ”   “Growth” of $10,000″