Big volatility has been conspicuously absent from the stock market. We view this as a warning sign instead of a reason for complacency. Market history backs up our view. Take a look at this chart. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… […]
Technical summary: A correction from 1.6586 became deeper than expected, but only an unexpected break below 1.6143 will indicate that more substantial correction is needed, before the next impulsive rally higher. In the short term, we expect support near 1.6257 to be able to protect the downside for a break above 1.6300 and more importantly […]
Technical summary: A correction in blue wave ii was not over and became deeper than we had expected. However, as long as support at 137.98 is able to protect the downside, we will stay bullish for more upside pressure at 141.06 on the way towards 144.03. In the short term, we will look for a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.socionomics.net/ezine/signup.aspx This video surveys 200 years of trends in hemlines, from the floor-length gowns of the late 1700s to the miniskirt mania of today, and shows how the social mood expressed in fashion also manifests in the culture at large – including music, movies and especially trends in the stock market. Using the Dow Jones […]
Technical summary: A new high was seen in line with expectations. The pair did not reach an ideal target at 1.6787 (the high came in at 1.6586), but more upside pressure is expected after a minor correction to 1.6316. If, however, support at 1.6316 gets broken, a stronger downside pressure is expected which will take […]
Technical summary: We saw a test of resistance at 140.67 yesterday, but it failed to break above. That could prolong the correction in blue wave ii and call for another downside test of 138.90 before a new attempt to break above resistance at 140.67. Only an unexpected break below 137.94 will question the upside for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A mainstream bond fund manager says investors should position their portfolios for a financial shock. He explains why. More than that, our analysis reveals that the next financial downturn could unfold much more rapidly than even bearish observers expect. Learn How the Wave Principle Can Improve Your Trading Related Posts:Energy in Focus: What news […]
Technical summary: We are still looking for more upside pressure towards 1.6787 and expect minor resistance at 1.6513 to be broken soon for the next rally towards 1.6787. That said we are looking for even more upside pressure towards 1.7154 and the next major upside target in the longer term. Now, support is found at […]
Technical summary: We are still looking for more upside pressure and do expect that the rally in blue wave iii will accelerate higher towards at least 145.93 and possibly even 150.87 if blue wave iii really takes off. A breakout above the minor resistance at 140.67 is likely to confirm that blue wave iii is […]
Fibonacci is the mathematical basis of the Wave Principle. You will often find that Elliott waves correct in terms of Fibonacci ratios. The following article explains what you can expect when a market begins a corrective phase. If you are interested in learning more about using Fibonacci in your trading, get your free 14-page eBook, […]
Editor’s note: This video was excerpted from a new multimedia report, “The New Financial Theory that Could Make the Difference in Your Investing Success,” from Elliott Wave International, the world’s largest financial forecasting firm. Authored by Robert Prechter, the full report demonstrates the failures of the modern investing paradigm and suggests a radically new approach […]
Editor’s note: This article was adapted from a new multimedia report, “The New Financial Theory that Could Make the Difference in Your Investing Success,” from Elliott Wave International, the world’s largest financial forecasting firm. Authored by Robert Prechter, the full report demonstrates the failures of the modern investing paradigm and suggests a radically new approach […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Federal government liabilities have reached a post-financial crisis high. And the Federal Reserve explains why another financial crisis is likely. Learn How the Wave Principle Can Improve Your Trading Related Posts:Bitcoin will thrive during supply crisis April 12, 2024 What will happen with Bitcoin? The answer to this question…Financial future on the horizon: US […]
Technical summary: We have seen a test of minor support at 1.6313 (the low has been 1.6316) and that should be enough for the next part of the rally higher to 1.6787 and even higher to 1.7154. That said we have entered an area of price-resistance, which can support further progress. Ideally, the short-term support […]
Technical summary: We are still looking for upside acceleration through the resistance-line near 142.73 confirming a continuation higher to 144.03 as the next major upside target. In the long term, we are still looking for much higher levels and a new test of a high of 149.55 hit in December 2014. In the short term, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Never before has the world piled up so much debt. A day of reckoning is at hand. The U.S. Congressional Budget Office just said that “the long-term outlook for the federal budget has worsened dramatically.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Fed faces dilemma amid sticky inflation and slowing economy… […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx With more and more companies “adjusting” their profits upward, can you really trust this market? Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On Tuesday, ahead of the release of key inflation data,…Market Comment – Stocks climb after sizzling […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx An exponential rise in a financial market usually ends badly. Investors typically buy at the worst possible time. See the chart of a European sector that is poised to plunge. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On […]
Technical summary: After a small consolidation, we belive that the next strong upside rally is about to be seen, and a break above 1.6159 will confirm acceleration towards the next upside target at 1.6446.In the short term, we expect minor support at 1.6050 to protect the downside for the break above 1.6159 for the move […]
Technical summary: As expected, a low was seen close to the 138.03 corrective target (the low came in at 137.94) and we are now looking for a break above 139.61 confirming a new test of 141.03 as the price in wave (iii) accelerates towards the next upside target at 144.03. Only an unexpected break below […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Just weeks before the 2007 stock market top, a big clue appeared in the bond market. Today, similar developments are occurring in the bond market. See two charts: one from 2007 and the other from today. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – USDJPY rallies to another fresh […]
Technical summary: After a minor consolidation is red wave ii, we will be looking for acceleration higher through 1.6310 for a continuation higher of 1.6446 as the next major upside target. In the short term, we expect support at 1.5942 to protect the downside for a break above minor resistance at 1.6096 confirming acceleration higher […]
Technical summary: A correction in red wave ii/ is still unfolding and as long as minor resistance at 139.61 protects the upside. We will be looking for a final decline closer to 138.03 to end red wave ii/ and set the stage for a strong rally in red wave iii/ higher to 144.03 on the […]
On June 2, the postman rang once — and, boy, did he ring. That day, the Wall Street Journal published a strongly worded letter titled, “Grand Central: A Letter to Stingy American Consumers,” which included these notable passages: “Dear American Consumer, “This is the Wall Street Journal. We’re writing to ask if something is bothering […]
Technical summary: The correction in wave ii proved to be a small expanded flat by reaching a new low at 1.5646 before taking off again with new impulsive power breaking clearly above resistance of 1.5920 this time. We are looking for support near 1.5920 for a continuation higher to 1.6310 as the next upside target […]
Technical summary: As long as minor resistance at 139.77 protects the upside, a test of a corrective target at 138.03 is in play. From 138.03 or upon a break above minor resistance at 139.77, we expect a new impulsive rally in red wave iii/ past the 141.06 top for a continuation higher to 144.03 on […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The fledgling housing recovery has recently taken a step backwards as interest rates have climbed. Our indicators suggest that the real estate market is vulnerable to further weakness. Short-term speculators will likely be caught off guard – again. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks slide, dollar […]
Technical summary: We saw a small break above resistance at 1.5920 indicating that the correction in wave ii is over. In the short term it’s important support at 1.5699 is able to protect the downside for a new impulsive rally above minor resistance at 1.5807 and more importantly a break above resistance at 1.5867 as […]
Technical summary: The correction in red wave ii/ has become more complex as resistance at 141.06 protected the upside yesterday. It kept the correction in red wave ii/ alive and we have already tested the 38.2% corrective target at 138.78. However, as long as minor resistance at 139.46 protects the upside, we must allow for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Will piles of “sideline cash” send the stock market higher? Learn the answer to that question, plus find out why the stock market may not remain “boring” for long. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks slide, dollar soars as rate cut bets… April 16, 2024 Surging […]
