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Markets / Other

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Elliott Wave Analysis: EURUSD and SILVER

Jan 19, 2017 at 06:26

EURUSD spiked down to 1.0600 but that's still not enough to put a top in place, simply because reversal from recent high is not that strong. In other words, current…

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Stock Trading Alert: Stocks Trade Along Record Highs - Topping Pattern Or Just Consolidation?

Jan 19, 2017 at 06:19

In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, SP500 index). Our intraday outlook remains bearish, and our short-term outlook is bearish.…

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Gold - Short-Term Bullish Momentum Is Ending

Jan 19, 2017 at 06:12

Gold recovery is fading on. Hourly resistance is given at 1221 (22/11/2017 high). Hourly support lies at 1171 (intraday low). Strong support is located at 1122 (15/12/2016 low ).

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Central Planning and Big Government: Kaput

Jan 18, 2017 at 18:09

Government has been a voluntary system of mutual protection, which requires rules and administration. Unfortunately, these provide the means whereby the ambitious can impose control.

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Dow Jones Contracting Triangle Scenario

Jan 18, 2017 at 16:01

The Triangle scenario which I spoke about last night seems to be bearing out so far as this sideways churn keeps going. I have updated the Elliott wave count to…

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How to 'Buy Low and Sell High' Like a Pro

Jan 18, 2017 at 15:17

There's an old saying on Wall Street that goes "buy low and sell high." It's usually said in jest because it's a feat that's much easier said than done. History…

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Pension Funds Need Gold before It's Too Late

Jan 18, 2017 at 14:39

Tens of millions of Americans and their employers pour money into pension plans each month, counting those funds to grow and to be there when needed at retirement.

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Trump Deficits Will Be Huge

Jan 18, 2017 at 14:14

There is much we don't know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some…

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Elliott Wave Analysis: GBPJPY and EURJPY

Jan 18, 2017 at 08:28

Intraday structure on GBPJPY is turning nicely bullish, now with five waves up on intraday chart above the upper channel resistance line. We will be tracking a pullback in the…

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Summary of My Post-CPI Tweets

Jan 18, 2017 at 07:52

We end 2016 with the outlook in limbo, at least looking at these charts – unless January and February print 0.3% on core inflation, core CPI will be hanging around…

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