Mark Rivest

The Bullish Season

November is statistically the most bullish month for US stocks. This bullish season can last at least until the end of the year and sometimes continue into late April. My 10/28/20 post “Door Open for Lower Stocks” discussed the reasons why the S&P 500 (SPX) could continue to decline. On 10/30/20 the SPX did makeContinue reading “The Bullish Season”

Dow Jones Transportation Average – An Important Bottom?

Today 10/30/20 the S&P 500 (SPX) made a new low for the decline from its secondary high made on 10/12/20. The Dow Jones Transportation Average (DJT) which made an all-time high on 10/20/20 did not make a new decline low and held above its 10/29/20 bottom. This stronger performance relative to the SPX hints theContinue reading “Dow Jones Transportation Average – An Important Bottom?”

Door Open for Lower Stocks

My October 20th post noted the S&P 500 (SPX) had potential support in the low 3400 area, subsequently that support was broken. Today 10/28/20 was a big down day for US stocks. The daily SPX chart courtesy of Trading View shows sell signals from two momentum indicators. The daily MACD has a bearish crossover andContinue reading “Door Open for Lower Stocks”

Could Silver be in an Emerging Bull Market?

From March to August 2020 the precious metals group of Gold, Silver and Platinum had powerful moves up. Gold made a new all-time high when it broke above its 2011 peak. Silver in five months retraced seven years of bear market progress. These could be the first signs of a new multi-year bull market forContinue reading “Could Silver be in an Emerging Bull Market?”

Stock Market Bears are Running Out of Time

US stocks are seasonally bearish from late August until mid-October. Seasonal cycles are not precise so it possible there could be more downside action in the coming weeks. However, the bears are struggling. On September 24th, the three main US stock indices made a correction low, followed by a rally that retraced most of theContinue reading “Stock Market Bears are Running Out of Time”

Pfizer Pushing Higher

Today 10/19/20 Pfizer (PFE) broke above the declining trend line from the 07/03/20 peak, this could be a significant bullish signal. Please see the daily PFE chart courtesy of Trading View. This current rally which began on 09/21/20 could be the early part of a third of a third Elliott Wave, if so, it couldContinue reading “Pfizer Pushing Higher”

Profiting From Zoom

The previous post examined the weekly Elliott Wave count of Zoom Video Communications Inc. stock symbol (ZM). After a stock has increased more than seven times in ten months some analysists could state the stock had reached its peak. Perhaps this is true for ZM, however there could be one more buying opportunity. The hourlyContinue reading “Profiting From Zoom”

Additional Elliott Wave Confirmation

The prior post focused on Exchange Traded Fund – XLP as a guide to help with the Elliott Wave count for the US stock market. The following weekly chart courtesy of Trading View shows an individual stock which so far has a textbook Elliott Wave pattern. Sometimes small cap stocks involved in speculative buying maniasContinue reading “Additional Elliott Wave Confirmation”

The Clearest Elliott Wave Roadmap

Elliott Wave analysis provides a roadmap of where a market or a stock could potentially be in its cycle. When studying the stock market, the S&P 500 (SPX) because of its large capitalization and following usually has the clearest Elliott Wave patterns. Analysis is enhanced by comparing the wave counts of one stock index vs.Continue reading “The Clearest Elliott Wave Roadmap”

Bullish Breakout

The bulls continue to be in control of US stocks. The 10/06/20 blog post noted the S&P 500 (SPX) could bottom 10/07/20. The SPX opened that day significantly above the 10/06/20 close and was the low of the 10/07 trading session. On 10/06/20 SPX broke above important chart resistance made on 09/16/20. On 10/08/20 SPXContinue reading “Bullish Breakout”