Mark Rivest

Stock Market Seasonal Patterns – Part Two

My previous post “Stock Market Seasonal Patterns” noted that US stocks have a seasonal bearish period from late August until at least early October. On September 21st, the S&P 500 (SPX) broke below Fibonacci support – a .236 retrace of the March to September rally. This break opens the door to the next support levelContinue reading “Stock Market Seasonal Patterns – Part Two”

Stock Market Seasonal Patterns

On 09/18/20 the S&P 500 (SPX) broke below 3310.00 which was the second stop loss level for the SPX trade initiated 09/10/20 at SPX 3412.60. The first stop loss on half the position was at SPX 3327. 00 which resulted in a loss of 1.25%. The second stop loss level of 3310 was 3.0% belowContinue reading “Stock Market Seasonal Patterns”

Pfizer Bullish Opportunity

Pfizer (PFE) is one of nine companies that are working to develop a Coronavirus vaccine. The company has said they could have the vaccine by the end of October. The stock from the late 2018 appears to have declined in an Elliott Wave corrective pattern known as a Double Zigzag. The rally from the 2020Continue reading “Pfizer Bullish Opportunity”

S&P 500 Momentum and Trading Tip

On 09/11/20 the S&P 500 (SPX) broke below the bottom made on 09/08/20. The trade recommendation made on 09/09/20 was to buy funds that track the SPX on the open of SPX trading 9/10/20. The opening SPX level on 9/10/20 was 3412.60, stop loss for half of the trading position was SPX 3327.00 just belowContinue reading “S&P 500 Momentum and Trading Tip”

Important S&P 500 Bottom Could be in Place

On September 8, 2020, the S&P 500 (SPX) came within nine points of important Fibonacci support. Today September 9, 2020, several hourly SPX momentum indicators registered bullish signals. For aggressive traders that hold positions from a few days to several weeks. Buy non-leveraged funds that track the SPX on the open of the trading sessionContinue reading “Important S&P 500 Bottom Could be in Place”

Trade Recommendation – Update

The previous blog had a recommendation to buy non leveraged funds that track the SPX in the price zone of 3420 to 3380. Today the SPX opened below the zone – no trade. Subsequently the SPX went below the low of 9/4/20 which was important Fibonacci support. This opens the door for the SPX toContinue reading “Trade Recommendation – Update”

S&P 500 – Near Term Activity

The posts on this site have examined the history of US stocks over the period of two centuries down to the last few years. Now it’s time to focus on the most recent actions, in particular the sharp decline in US stocks September 2 to 4, 2020. The first daily S&P 500 (SPX) chart fromContinue reading “S&P 500 – Near Term Activity”

NYSE – New – 52 – Week Highs

There are two methods to measure market momentum. For all markets, price oscillators such as Stochastic and RSI are great for signaling trends, they are called external indicators. The Stock market is unique because momentum can be measured by its components, such as Advance/Decline lines and new 52-week highs/lows. These are referred to internal indicators.Continue reading “NYSE – New – 52 – Week Highs”

Golden and Death Crosses

A common method to time markets and stocks is to use a moving average of prices. A popular time range is a two- hundred day moving average (MA). When a securities price breaks above its 200 – day MA it’s a bullish signal, a move below the 200 – day MA is bearish. A variationContinue reading “Golden and Death Crosses”

S & P 500 – Price and Time Projections

My August 25, 2020 blog focused on the angles of the secular bull markets kickoff rally March 2009 to April 2010 compared to the rally since March 23, 2020. My August 15, 2020 blog illustrated what I believe is the prime Elliott Wave count from March 2009 to August 2020. Sometimes within Elliott Wave theoryContinue reading “S & P 500 – Price and Time Projections”