Price moved lower as expected. The target was 6,486. Downwards movement reached 6,500 two days ago and has since moved higher. However, a new high above 6,865.86 would be required to provide confirmation of this trend change at intermediate degree.The target for upwards movement is now 7,352. Click on charts to enlarge.This main wave count expects that FTSE remains within […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereA sharp drop in the U.S. Dollar overnight helped February Gold futures reverse earlier weakness, putting the market in a position to post a solid gain today. Conditions looked bleak shortly after the opening when gold took out the last swing bottom at $1233.50, turning […]
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 […]
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 […]
Last analysis of Silver expected downwards movement towards a mid term target at 18.999. Price has moved lower. The target has not yet been reached, and the structure is incomplete. The target remains the same.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree higher […]
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Friday, December 13, 2013 Market participants look at many measures to gauge investor sentiment, even though they don’t always show an accurate picture. The CBOE Volatility Index (VIX), often referred to as the fear index, shows the market’s expectation of 30-day volatility, but it does not parse out institutional or hedge fund activity. Surveys like the […]
Last analysis of Silver expected more upwards movement towards a target at 20.184 before the resumption of the downwards trend for one final fifth wave.Upwards movement continued and has reached 0.305 above the target so far. Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree […]
Last analysis of Silver was invalidated with downwards movement below 19.595. Members of Elliott Wave Gold were aware of a new alternate for Gold, which also works for Silver. But I did not have time to update the Silver wave count.Downwards movement is incomplete.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within […]
Last week’s analysis of Silver expected more downwards movement towards a target at 18.591 to 18.353. Price did move lower but has failed to reach the target. Downwards movement may have ended at 19.595, 1.004 short of the target zone.The wave count remains mostly the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag.Within minor […]
With shares of Comcast (NASDAQ:CMCSA) trading around $47, is CMCSA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:T = Trends for a Stock’s MovementComcast is a provider of entertainment, information, and communications products and services. The company operates in five segments: cable communications, cable networks, broadcast television, […]
