Typically, “window dressing” occurs on the last trading day of a quarter. Stock fund managers buy top performing stocks on the last trading day of the quarter to show they have these winners in their portfolios. This usually causes an upward move in at least one of the three main indices. The S&P 500 (SPX)Continue reading “Could US Stocks Rally Until August 2021?”
Author Archives: Mark Rivest
End of the Quarter – End of the Bull Market?
Today 06/30/21 the S&P 500 (SPX) made a new all-time high unconfirmed by the Nasdaq Composite (IXIC) and Dow Jones Industrial Average (DJI) – a “rule of the majority sell signal”. Additionally, the VIX made a higher bottom vs. the SPX new high, a bearish signal. For the last few months there have been severalContinue reading “End of the Quarter – End of the Bull Market?”
Historical Perspective of Stock Market Momentum
The momentum of stock markets can be examined by external indicators that measure price. Some of the external momentum indicators are Stochastic and RSI. Internal momentum indicators measure components of stock indices, such as Advanced/Decline lines and 52 – week Highs/Lows. The 06/28/21 blog examined recent deterioration of new – 52 – week highs forContinue reading “Historical Perspective of Stock Market Momentum”
Collapsing New – 52 – Week Highs
In the later stage of stock bull markets there’s usually a deterioration of stocks making new – 52 – week highs. At some point there are not enough stocks making new highs and the overall stock market goes into an intermediate degree correction or a bear market. The daily chart of NYSE New – 52Continue reading “Collapsing New – 52 – Week Highs”
Two – Bearish Signals
The 06/24//21 blog noted “If the SPX makes a marginal new high unconfirmed by the IXIC and the Dow Jones Industrial Average with a higher VIX bottom, it could be the end of the persistent rally.” The daily VIX/SPX chart courtesy of Trading View illustrates what happened on 06/25/21. The S&P 500 (SPX) made aContinue reading “Two – Bearish Signals”
Rally into Major Fibonacci Resistance
The 06/16/21 blog Major “S&P 500 Price and Time Targets – 06-16-21” noted that the S&P 500 (SPX) had major Fibonacci resistance at 4262 and 4274. Today 06/24/21 the SPX reached 4271 within the area of the two Fibonacci points. On the bullish side of the coin VIX made a new low and is potentiallyContinue reading “Rally into Major Fibonacci Resistance”
Bearish Momentum and Sentiment Signals – Part Two
My original intention was for this blog to give a comprehensive view of evidence from all four market dimensions: price, time, momentum, and sentiment. There’s just too much data, so this post will focus on additional long- and short-term momentum/sentiment evidence. The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates long-term momentum/sentiment signals.Continue reading “Bearish Momentum and Sentiment Signals – Part Two”
Bearish Momentum and Sentiment Signals – June 2021
June 15,2021 could be an important date in the history of the US stock market. In the first minute of trading the S&P 500 (SPX) made a new all-time high then went down. Also, the daily VIX recorded a higher bottom vs. the SPX new high. As noted in several blogs this is a reliableContinue reading “Bearish Momentum and Sentiment Signals – June 2021”
Ending Diagonal Triangle is Probably Complete
The 06/15/21 blog “ Revised daily S&P 500 Elliott Wave Count – 06/15/21 speculated that an Elliott wave – Ending Diagonal Triangle (EDT) was under construction from the S&P 500 (SPX) 05/12/21 bottom. Today 06/18/21 the SPX went below what counts as the EDT -Minor wave “2”. The post 06/15/21 decline was a supposed waveContinue reading “Ending Diagonal Triangle is Probably Complete”
Major S&P 500 Price and Time Targets 06-16-21
The 05/11/21 blog “S and P 500 – Detailed Elliott Wave Count – 05-11-21” noted that the Dow Jones Industrial Average (DJI) – Primary wave “1” rally from March 2009 to April 2010 equaled the time of the supposed Primary wave “5” rally March 2020 to May 2021. There’s also a price relationship as PrimaryContinue reading “Major S&P 500 Price and Time Targets 06-16-21”
Four Dimension Trading 