Author Archives: Mark Rivest

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”

US Stock Market Momentum and Sentiment 04-29-22               

On 04/29/22 the US Stock market represented by the three main stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) wiped out a powerful rally made on 04/28/22.  Could this be  the start of a crash?  Perhaps, anything is  possible.  However, a review of momentum and sentiment readings  for USContinue reading “US Stock Market Momentum and Sentiment 04-29-22               “

Examination of the Weakest Main US Stock Index

From 04/21/22 to 04/27/22 the main US stock indices, Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (SPX) had a powerful and sharp drops.  Today 04/28/22 the US Gross domestic product report indicated a  1.4% contraction in the first quarter of 2022. All three main US stock indices rallied  strongly on theContinue reading “Examination of the Weakest Main US Stock Index”

Sharp Stock Reversal – Part – Three

Objectivity is the most important trait that traders must have.  Traders objectively analyze the balance of evidence before acting.  If the evidence indicates a market/stock could rise – it does rally but is subsequently quickly reversed, then conditions have change.  If conditions changed, then you must objectively view the new evidence produced from the change.Continue reading “Sharp Stock Reversal – Part – Three”

Sharp Stock Reversal – Part – Two

Today 04/22/22 the powerful stock decline that began 04/21/22 continued through the entire trading session. Today at the S&P 500 (SPX) open, traders sold half of a 50% long position on non-leveraged SPX related funds.  The long entry was at  the open of the SPX 04/18/22 session. SPX open price on 04/18/22 was 4385.63. SPXContinue reading “Sharp Stock Reversal – Part – Two”