Author Archives: Mark Rivest

S&P 500 Reaches Important Support Level – 11-26-21

On 11/26/21 the report of a new Coronavirus variant triggered a global stock market selloff.  The UK – 100 Index (UKX) was down 3.64%. The German Stock Index (DEU) was down 4.15%. The Hang Seng Index down 2.67% and the Nikkei 225 Index (NI225) was down 2.53%. The US stock market as measured by theContinue reading “S&P 500 Reaches Important Support Level – 11-26-21”

Bearish Rumbling Underneath the Stock Market Surface – 11-22-21

The 10/03/21 blog “Struggling  to Go Lower – Part Three” noted  the S&P 500 (SPX) on 10/01/21 went below the bottom made on 08/19/21. However, there were less NYSE – new 52 – week lows ($NYLOW) on 10/01/21 than on 08/19/21 – a  bullish signal.  The 10/03/21 blog also mention that while October was seasonallyContinue reading “Bearish Rumbling Underneath the Stock Market Surface – 11-22-21”

S&P 500 on Track for Potential Major Top – December 2021

The 10/24/21 blog “Possible US Stock Market Top – December 2021” focused on long-term Fibonacci time cycles  that indicated US stocks could have a major top sometime in December 2021.  The 11/10/21 blog “Possible S&P 500 – Price Topping Zone”  illustrated long -term Fibonacci price analysis  forecasting the S&P 500 (SPX) could have major resistanceContinue reading “S&P 500 on Track for Potential Major Top – December 2021”

Rising Short-Term Interest Rates

Money goes to where its  treated  best.  In  the US since early 2020 with extremely low interest rates/yields on US Treasury bonds/notes,  the stock market has  offered the best place for investment capital.   Stocks could soon have competition in the form of rising  interest rates.  At some point stock fund managers could be motivated toContinue reading “Rising Short-Term Interest Rates”

Consumer Staples Fund on Track for Potential Major Top – December 2021

Several blogs have illustrated that the SPDR Consumer Staples  fund – (XLP) since March 2020 has a clear Elliott wave pattern.  The most recent post was 07/03/21 “Consumer Staples Fund – Update July 2021” and noted that XLP could have  completed an Elliott five-wave impulse pattern from March 2020 to June 2021.  Subsequent to theContinue reading “Consumer Staples Fund on Track for Potential Major Top – December 2021”

Possible S&P 500 – Price Topping Zone

The 10/24/21 Blog “Possible US Stock Market Top – December 2021” used Fibonacci Time cycles  to forecast a possible significant top for US stocks sometime in December 2021.  This blog uses Fibonacci price analysis  on the S&P 500 (SPX) to discover a possible major top of the bull market that began March 2009. When makingContinue reading “Possible S&P 500 – Price Topping Zone”

US Stocks Could be Blasting into a December 2021 Top

As the US stock market entered November 2021 it appeared due for a correction lasting  one to two weeks. What happen was a continuation of the manic rally that began  on 10/13/21. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the recent action. The best SPX – Elliott wave count since theContinue reading “US Stocks Could be Blasting into a December 2021 Top”

  Deteriorating Bullish Momentum

The 10/29/21 blog noted that the S&P 500 (SPX) reached short-term Fibonacci resistance, this blog focuses on the internal momentum of the US stock market. The NYSE – new – 52 – weeks highs chart ($MAHX) courtesy of Barcharts.com shows the action since May 2021. The SPX 09/02/21 all-time high had a significant bearish divergenceContinue reading ”  Deteriorating Bullish Momentum”

S & P 500 at Short-Term Resistance

The 10/22/21 blog “Hourly Bearish Divergences” noted that the S&P 500 (SPX) could be forming an Elliott wave – Running Horizontal Triangle, in  this structure wave “B” marginally exceeds  the Horizonal Triangle point of origin.  In this case the SPX 09/02/21 peak. The most common Fibonacci relationship between waves “B” and “A” of a RunningContinue reading “S & P 500 at Short-Term Resistance”