Last analysis of Silver on 31st December, 2013 expected a trend change and upwards movement. This is exactly what has happened so far. If price moves above 20.489 the new upwards trend would be confirmed.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending […]
REUTERSEarlier today, Nuveen’s Bob Doll explained how he came to his 10 predictions for the markets in 2014.
Regarding stocks, he thinks it should be another up-year for the market.”On the back of very strong equity market performance in 2013, it is hard to conclude that equities haven’t “stolen” some 2014 returns,” he said. “Accordingly, while we think equities will experience […]
Analysis exactly one month ago expected to see an intermediate degree correction which should last about four weeks and end about 526.Since 6th December, 2013 AAPL has exhibited typically corrective movement in a three wave structure, so far reaching down to 533.60, $7.60 beyond the target. I expect the structure is very close to completion. The target has been recalculated […]
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached.It is at this point the hourly wave counts diverge. Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which […]
Shanky’s Technical Analysis and Market Commentary: Morning Charts – Let the Games Begin – 1/2/14 SPC /ES
Morning Charts – Let the Games Begin – 1/2/14 SPC /ES
I don’t do predictions posts, but I hope to have my thoughts together by Monday for 2014. Pretty sure I will call this the year of conspiracy fact where the truth is […]
Last analysis of Silver expected more downwards movement towards a target at 18.999. Downwards movement continued, reaching 18.585, 0.414 below the target.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending upwards one degree higher for intermediate wave (B).Within minor wave B minute wave […]
Shanky’s Technical Analysis and Market Commentary: Morning Charts 12/30/13 SPX /ES
Morning Charts 12/30/13 SPX /ES
No commentary this morning. Minis 4hr – The third iteration of the rising green wedge. You can see the first two busted wedge supports as dashed green diagonals. Minis 60m – And the upper yellow rising wedge that suspiciously broke support last night before reaching the […]
Last analysis expected a fourth wave correction may have been complete. A trend channel was provided for confirmation. We did not get confirmation and price moved higher, remaining just below the invalidation point.The wave count is mostly the same.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. […]
The S&P 500 is heading for returns of between 25% and 30% for 2013. Exceptional? Not totally. LPL Financial ‘s Jeff Kleintop has compiled the historic frequency of stock returns on the S&P 500 since 1927. It turns out that 25%-30% gains range is not terribly rare: there have been five other years that saw such gains. In fact, the […]
It’s safe to say 2013 turned out better than expected for the stock market.In the year to date, the S&P 500 index is up over 27%.As the chart below from options guru Jared Woodard of Condor Options illustrates, 2013 was the first year in a long time that the market was able to outperform the upper end of the range […]
