There are several aspects to this chart- the wave analysis is certainly up for debate, but what remains is improving fundamentals.
On this chart we have a corrective sequence ABC starting in 2014 and concluding in early 2017. On this chart, we can see the 30 day MA volume skyrockets in the beginning of 2017. This corresponds to the timing of the Obama...
On Friday, I initiated a long position in Daimler at the close. Considered waiting for the stock to drop to around 67.18 but was not willing to risk the market getting away over the weekend. The decision to invest in Daimler came from a thorough review of their financial statements and ratios. DDAIF has been on a Price to sales decline over the last 4 years...
I assume this isn't news to most of traders while I write this, but macro-economically Commodities are a buy. Having been beaten down over the last 5-years the broad basket is on the rise. Anchored by rising oil prices, increased flight to fear (gold, silver), and the presence of an emerging inflationary pressure. In this chart, there is an evident bullish...
With Pre-market futures trending at a loss of over 400 points, today and the rest of this week we face a significant test of resilience in the marktet. On one side, the last quarter boasted solid earnings mustered by slight productivity growth and a favorable tax plan; however, on the bearish side we are looking at unfavorable trade circumstances and a slight...
At the time of this writing the DOW is down about 60BPS today. As visible in this illustration, we have a bullish pennant forming. Given the length of flagpole we could be looking at another 15-25% rally in the Dow.
Part I: The predicted trading range for tomorrow, Monday, February 26, will be between 25402 and 25000. Market futures say 25411 at this time, but given the lack of news over the weekend it is likely they will return to more realistic levels. Obviously a 400 point swing is highly unlikey, but given the volatlily that the Dow has experience as of late, this type...
Though I have been a perpetual bear over the last year, I am optimistic in the markets upside for the first three quarters of the year. What we should see over the next week is the completion of the C correction in the regular cycle of elliot wave. With a 1.5% correction, we should close out around 2650. With inflation on the rise, consumer spending and home...
This analysis is strictly focused on Elliot wave theory and the current supercycle of the SAP500. From the way it appears on the charts, we are looking at the end of the 5th wave of the supercycle for the SAP500. By guidelines this could lead to a correction of between 40-50% over the course of the corrective wave pattern. As the chart attached shows we are...
