Price moved slightly higher to 2.28 above the previous target of 1,330, before turning downwards. Tuesday’s session has produced a clear red candlestick on the daily chart which is significant.This analysis is published about 02:35 p.m. EST.The wave count remains the same.Summary: I expect there has been a trend change at 1,332.28. Overall price should continue lower for about seven […]
I had expected a little more downwards movement to complete a small second wave correction. Price did move lower to complete the correction, but it moved higher first. Downwards movement is finding strong support at the lower edge of the parallel channel as expected.Summary: Upwards momentum should increase. The short term target at 1,297 may be met within about four […]
U.S. stocks are sliding and yields are plummeting as Treasuries surge following the release of much worse than expected manufacturing survey data from the Institute of Supply Management.The headline index from the ISM report tumbled to 51.3 from December’s 56.5 reading, indicative of a sharp slowdown in American manufacturing in January. The consensus Wall Street estimate called for a much […]
Year to date, the S&P 500 has surrendered 3.6 percent after its staggering 29 percent gain in 2013. A few things have changed regarding market conditions in the new year: The Fed has decided to reduce the pace of its monthly bond purchases by $10 billion, a move that many market pros expect to continue […]
Yesterday’s analysis expected more downwards movement which is exactly what has happened.Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term target at 1,198 may be about two days away.Click on the charts below to enlarge.Gold is still […]
Markets took a brief hit following the release of worse-than-expected December durable goods orders data at 8:30 AM, but stocks have come storming back, and the S&P 500 is now up 0.6%, trading at 1792.In addition to durable goods data:The S&P Case/Shiller Home Price Index rose more than expected in November (0.88% actual, 0.80% expected, 1.05% previous)
The Conference Board’s Consumer […]
Elliott Wave chart analysis for AAPL for 27th January, 2014. Please click on the charts below to enlarge.Main Wave Count.Any movement at all during regular trading hours below 513.74 would immediately invalidate this wave count. At that stage the alternate below would be confirmed.Alternate Wave Count.Movement below 513.74 would see further downwards movement towards a target at 255.17. This target […]
BIISocial media can be brands’ best friend or worst enemy. Today’s customer or client is absorbing and broadcasting information all day long and much of what they’re saying has to do with brands, whether they’re endorsing a certain product or complaining about a recent customer service experience.
But most brands and businesses don’t actually communicate with their customers on social […]
MetaStock® SPRS Series – Week 154 – January 17, 2014 – MetaStock Spatial Pattern Recognition Skills Series written by Martha Stokes CMT
Most retail investors and retail traders do not realize that they have a huge advantage over the professional side of the market. This is due to the constraints, restrictions, rules, and regulations the […]
Editor’s Note: Todd posts his vibes in real time each day on our Buzz & Banter.The markets took it on the chin yesterday, paving the way for the ugliest stock market session in months. It’s all relative, we know—investors are sitting on 30%+ gains from last year—but that was then and this is now. With earnings season in full […]
