tomj2417

tomj2417

Lots of bearish sentiment out there at the moment but this count would suggest that there may be some upside for UK mid caps. Some divergence on the RSI too.

tomj2417

A couple of bullish counts for this Nasdaq stock suggesting that while it may undergo a much deeper correction this is part of a continued uptrend. As always, time will give me an answer.

tomj2417 Updated 

This count shows a long and complex wave 4 correction coming to an end on the 38.2 fib retracement. With precious metals showing some decent upside recently and even industrial metals showing some signs of a bounce then I shall be watching for any further signals that the mining stocks are starting to follow along.

tomj2417

Here's a bullish count for US steel. I often call my bottoms too early so there may well be another down leg but time will tell.

tomj2417 Updated 

The US dollar has once again bounced against the trend line of a pitchfork with it's origins all the way back at the 2008 bottom. Will we see the dollar bounce once again from here or is it time that this trend line breaks? If someone can tell me I would be grateful as I haven't got a clue. However, I have included 2 counts showing how I see it possibly playing...

tomj2417

Still room for some equities upside according to this idea.

tomj2417

If the red main count is right then we could expect some decent downside in this ASX listed stock. As usual, I have included a diametrically opposite alternative blue count to suggest there may be another leg up, but I reckon it would have to turn around pretty soonish to have any validity.

tomj2417

Was looking through some AIM100 stocks today and saw quite a few like this one that could just possibly be setting up for another run higher if this count has any merits. There have been some monster winners on the AIM exchange these last few years with the added bonus of no stamp duty (dealing tax). Perhaps that why people like to trade them....

tomj2417

The UK investment industry is being battered at the moment from fallout concerning the recent gating of a so-called "star managers" fund. Hargreaves Lansdown, one of the largest financial service companies in the UK is caught up in the storm. This very bearish count suggests the possibility that it could have just completed a 5th of a 5th and the game could be up....

tomj2417

I might be being a bit optimistic here with the recent negativity surrounding financial markets and the outlook for the UK generally but I posted a couple of profitable ideas on this UK share back in 2017 which despite the count essentially being proved incorrect, I was still able to make money off it. Lets see if I am right again with this suggested count or not.

tomj2417

As ever, I am only looking at possibility and despite weakness in the indexes this seems a promising pattern.

tomj2417

Ummmm. Possible? With everything going on with Boeing at the moment it's perhaps possible that investors could fall out of love with this stock. Have included a more bullish red count as well, after all, the trend is up but even that count still requires a decent correction.

tomj2417 Updated 

Deere & Co has just broken out of a multi-year consolidation, which to me is bullish. My analysis would suggest that we are most definitely in the 5th wave and maybe even a 5th of a 5th so caution is the order of the day. My count on this 5th wave which started in 2009 is doubtful but possible. However, EW suggests that the boundary of the parallel channel could...

tomj2417

Looking for clues from different indexes as to how much life this latest impulse/rally is going to last in the world equity markets. This count has a fair bit going for it with some confluence from Fib levels and some alternation from the corrections. If this is correct then I think we are embarking on a 5th of a 5th now so will will be looking for its completion...

tomj2417

According to this analysis we have either just completed a 5 wave impulse and are undergoing a decent correction or we have completed wave 3 of an impulse wave and are now undergoing a wave 4 correction, albeit a smaller one. Whichever way, this would suggest a bullish outlook for Chinese equities.

tomj2417

US equities have been heading up in more or less a straight line since Christmas. This count is looking for clues as to where the market might draw a breath. Reckon there might be more upside before we see any serious correction though. Probably a lot higher than I suggest here too.

tomj2417

Oil with room to run? Or am I being too optimistic with this count?

tomj2417

Lots of 5 wave impulses here but so difficult to call a top and I personally think that while we may be due a bit of a correction there may still be upside to this equity market going forward.