Where are commodity prices headed? Get some answers from Elliott Wave International’s Commodity Junctures editor, Jeffrey Kennedy — and learn about the “30-year cycle.” And for a detailed forecast, watch Kennedy’s new, free 3-part video series, “The BIG Commodity Slump.” You’ll find the link below the interview. NEW! Online Now — Free 3-Part Video Series:“The […]
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 […]
Technical summary: The correction at 1.5920 has been very small. This is not common for corrections in the third wave. We are going to look for a clear break above 1.5920 to confirm that the correction in wave ii is over and wave iii is moving higher to at least 1.6308 and more likely even […]
Technical summary: A correction from 141.06 was very small, which is not that uncommon during wave three corrections. We will be looking for a clear break above the base channel resistance-line near 140.75 confirming acceleration higher towards 144.03 as the first minor upside target. However, an extension of wave (iii) should be expected and that […]
Technical summary: An expected correction in wave ii is unfolding and we will be looking for a correction lower to 1.5500 and maybe even lower to 1.5290. But we have to consider that we are in wave three higher and the correction tends to be small or even abnormal. So, we cannot expect too much […]
Technical summary: An expected correction in red wave ii/ is unfolding. We will be looking for a correction towards 138.03 as an ideal downside target before the next impulsive rally higher to 144.03 and higher towards 150.77. In the short term, only a break above minor resistance at 140.54 will indicate that the correction is […]
You’ll find many explanations in the news why the U.S. dollar is trading at the highest point against the Japanese yen since 2002. Most of them have one thing in common: They rationalize the move which has already happened. Usually every Friday, the editor of our forex-focused Currency Pro Service, Jim Martens, records a new […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx One economic indicator just marked its eighth straight week of declines. Another just turned in its worst five-year run since the early 1980s. Yet, there’s even more evidence that the economy is on very shaky ground. Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British economy continues to stagnate […]
In this informative new interview, Elliott Wave International’s Asian-Pacific Financial Forecast editor, Mark Galasiewski, tells you about three new investment opportunities in the region. Enjoy Mark’s insights! Market Outlook: CHINA EWI Asian-Pacific markets editor Mark Galasiewski always finds compelling indicators to support his forecasts — indicators that few others see. This past December he highlighted […]
Elliott Wave International’s Jeffrey Kennedy talks about how he spots trade opportunities and how he decides when it’s time to enter a trade. Learn how the rules and guidelines of the Wave Principle help traders identify exactly when they’re wrong. Be sure to come back next week for part 2 of this interview with Jeffrey […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The yield on 10-year Treasuries just hit its highest level since November 2014.The financial media cited “jobs optimism” and a higher inflation forecast from the European Central Bank. See how Elliott waves anticipated the jump in yields ahead of the news. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – […]
Technical summary: The expected a target at 1.5640 to be tested. We expect minor correction from 1.5640 down to 1.5290 before the next strong impulsive rally towards 1.6477 and even higher if red wave iii extends strongly. As wave (ii) was flat, we are looking for an extension in wave (iii) and that would call […]
Technical summary: The rally has been much stronger than we expected and we have changed our short-term count as the structure did not support our previous short-term forecast. This new count is more bullish and indicates that red wave iii is already developing. If this count is correct, the base-channel resistance line near 139.55 should […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A year ago, economists were predicting a sustained 3% growth rate for the U.S. economy. Yet the government just said that the economy contracted at a 0.7% annualized rate in Q1. See a chart that shows a “relentless decline” in a key economic measure. Learn How the Wave Principle Can Improve Your Trading Related […]
Technical summary: We saw an anticipated correction in red wave iv. We should see red wave v soon moving higher towards 1.5640 to finish the first impulsive rally in wave (iii). Once this first impulsive rally is over, a correction to 135.10 (bottom of red wave iv) should be expected. In the long term, we […]
Technical summary: We saw an anticipated correction in blue wave iv yesterday. It moved a little lower than we expected and tested support at 135.10 before moving higher in blue wave v. We have already seen a new high for the rally of the 133.07 low. Now, we can count five waves in the first […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A surprising revelation from Mohamed El-Erian, former CEO of PIMCO Learn How the Wave Principle Can Improve Your Trading Related Posts:Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024 As we have already discussed, it no longer makes sense…
Technical summary: The former top at 1.5405 has been broken and after a minor correction in red wave iv more upside is expected to extend towards at least 1.5512 and possibly even higher to 1.5644 if red wave v. In the long term, I’m looking for much more upside movement towards at least 1.6310 and […]
Technical summary: The impulsive rally from a low of 133.07 continues to unfold as expected. In the short term, we are looking for a move closer to resistance at 136.57 to end blue wave iii and call for a small correction in blue wave iv towards 135.86 and maybe even 135.47 before moving higher to […]
Technical summary: A break above minor resistance at 1.5109 warned us that the correction in wave (ii) has already terminated at 1.4927 and a new impulsive rally in wave (iii) is developing. The first target for wave (iii) is seen at 1.6310 where the wave (iii) will be equal in length to the wave (i). […]
Technical summary: The rally of a low of 133.07 continues to unfold impulsively. In the short term, we will ideally see minor support at 135.43 protecting the downside for a continuation higher to 136.50 and even 137.17 before a correction of the first impulsive cycle, which is expected. Even if the minor support at 135.43 […]
Whatever your politics, creed or nationality — we can all agree that a huge catalyst for the 2008-9 global financial meltdown was the universal binge of bad credit. A huge part of that bad-debt pile were the “don’t-ask-don’t-tell” high-yield bonds — a.k.a. junk bonds — which were used to fund a lot of things, including […]
Three bull market trends have reached extremes and could see dramatic reversals. One of those trends is the luxury housing market. The severity of the next real estate shock should easily surpass that of 2008-2009. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks slide, dollar soars as rate cut […]
Technical summary: We still favor more downside movment towards 1.4725 in wave c of the expanded flat correction that has been unfolding since wave (i) topped at 1.5467. That said, it will only take a break above 1.5109 and more importantly a break above resistance at 1.5208 to indicate that wave (ii) ended at 1.4927 […]
Technical summary: A break above the minor resistance line from the wave (i) high at 136.96 has been broken. The top of wave b at 135.35 has been broken too, indicating that the next impulsive rally higher in wave (iii) towards at least 144.03 is developing. In the short-term, we will look for minor support […]
Traders have recently been bearish the U.S. dollar. Even so, the greenback has staged a rally. Learn how Elliott Wave International has been keeping subscribers ahead of the trend. 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 US […]
Technical summary: We are still looking for one final decline closer to the ideal target at 1.4725. That said yesterday’s rally to 1.5079 wasn’t a part of our roadmap and it does cause concern. The only pattern that allows the overlap we saw yesterday is an ending diagonal. So, this is what we will be […]
Technical summary: We saw a minor wavefive rally from a low of 133.07, which tells us that the correction in wave (ii) is over and wave (iii) higher towards at least 144.03 and more likely to 150.77 is developing. In the short term, we will ideally see the 61.8% corrective target of blue wave i […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Stock market values are only worth what buyers and sellers agree that they’re worth. This point of agreement can change dramatically in a short time. China’s richest man may have set a record in the history of sudden wealth loss. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks […]
Technical summary: Wave ii of c became much stronger than we had expected and pierced the 61.8% corrective target at 1.5272 with a high at 1.5288. However, the rally in wave ii was followed by a break below a low of wave i at 1.5076 confirming wave iii lower to 1.4941 and later the ideal […]
