Markets

May 24, 2015 at 16:41

Since our last update, current preferred Elliott wave view suggests the rally from wave X low at 2057.41 is instead unfolding in the form of a triple correction ((w))-((x))-((y))-((x))-((z)), where…

May 24, 2015 at 16:35

This week I found myself in rare agreement with Janet Yellen when she admitted that her economic predictions are likely to be wrong. Sadly, Yellen did not follow up her…

May 24, 2015 at 16:33

Besides technical characteristics, Elliott wave analysts are also familiar with individual wave personality, which typically reflects the psychology of the moment. In the picture below you can see an example…

May 24, 2015 at 12:33

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.

May 24, 2015 at 12:31

One way or another the crisis in Greece is highly likely to come to a head in June.

May 24, 2015 at 12:29

There have been two potential reversal patterns that have been aborted. The first one with a Spinning Top in December and the second one with a Shooting Star in April…

May 24, 2015 at 06:34

Below is a combo chart that has gold on top and silver on the bottom. This chart goes back to the bull market top for both gold and silver and…

May 24, 2015 at 06:13

We can see price has been in an impressive bull market from its low in 2012 at $17.55 to its recent high at $86.07. That's a not-to-be-sneezed-at five bagger. However,…

May 23, 2015 at 14:56

Last time I wrote, I was looking for a top in the stock market early last week near 2130-35 SPX and a 5% drop in silver. We got a 4.5%…

May 23, 2015 at 08:41

The breadth indicators deteriorated a little at the end of last week, but seasonality for the coming week has been quite strong for the past 20 - 30 years. I…