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Ongoing Acceleration Phase In The S&P 500
Tuesday, November 5, 2019 - 1:22pm | 476By Ricky Wen, ElliottWaveTrader.net After Sunday night's grind up, Monday’s regular trading hours session was just a very tight consolidation overall range of 3083-3072.5 on the S&P 500, trapping and baiting traders as it gets ready for the next move. Price action could not gather...
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New All-Time Highs By Year's End - But, It May Not Be What You Expect
Thursday, October 24, 2019 - 10:49am | 907By Avi Gilburt This market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out. What makes me scratch my head even more of late is that the Fed has come to the table with its “not-...
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A Simple, But Elegant Resolution In The Metals Market
Thursday, October 3, 2019 - 10:14am | 899By Avi Gilburt, ElliottWaveTrader.net Originally published on Sat Sep 28 for our ElliottWaveTrader members: With the various charts we track unable to complete five waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a...
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Now That Bonds Have Pulled Back As Expected, Maybe We Can Set Up Another Rally
Wednesday, September 11, 2019 - 9:27am | 1125By Avi Gilburt, ElliottWaveTrader.net I think this market has been providing many investors with whipsaw and headaches, which has also caused much head scratching. (And, yes, that little itch may be telling you something.) Back in November of 2018, no one even considered the possibility of a...
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Looking For A Top To Bonds
Tuesday, September 3, 2019 - 8:27am | 583Those that have followed my bond analysis since November have made quite a bit of money. While the stock market is basically in the same place it was back in the early fall of 2018 when we went long bonds, TLT has rallied from our entry in the 112/113 region in TLT to a high of almost 149. Let me...
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Are You Still Trying To "Fade" The Bond Rally?
Tuesday, August 6, 2019 - 10:25am | 1240For weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a “fake,” whereas...
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We Caught The Bitcoin Bottom And Then The Top - Now What?
Wednesday, July 17, 2019 - 10:14am | 760For those that have been following our work closely, you would know that we called for the bottoming in the crypto complex back at the end of 2018, and saw strong potential for the bull market to resume. Our subscribers benefited quite nicely from our timely and accurate call at the time. We...
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Bitcoin Is Going To Zero - Or $100,000
Wednesday, June 26, 2019 - 10:36am | 718If you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges. We...
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What A Fine Mess We Have Gotten Ourselves Into
Tuesday, June 18, 2019 - 9:58am | 1075While some of you may be too young to know who Stan Laurel and Oliver Hardy are, they were a comedy team from the late 1920s until the 1940s. They appeared in 107 films, starring in 32 short silent films, 40 short sound films, and 23 full-length feature films. And, probably for many of you, they...
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Strap Yourselves In – Gold May Take Off Like A Rocketship
Monday, June 17, 2019 - 10:19am | 486The last three years have been extremely difficult for metals enthusiast. If you speak with them, you would assume that gold has been going down for the last three years. Well, at least that is the impression you would get based upon their “sentiment.” But, in fact, all gold has been...
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Crash Averted - For Now
Friday, June 7, 2019 - 9:58am | 1374In my last article, I outlined how the same news event can “cause” the market to rally 9% at one time, and drop 5% another time. And, then I noted how I am quite certain there will be some of you that will try to explain away this clear lack of consistency with some form of convoluted...
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Bonds Show Us The Power Of The Dark Side
Wednesday, June 5, 2019 - 10:18am | 1406First, I want to begin this article by thanking all those who read my articles for the amazing outpouring of support and prayers for my wife who is recovering from a freak accident. So, with her sleeping right now, I thought I would pen another article to at least keep myself somewhat busy. Over...
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How Foolish We All Are About China And Life
Monday, June 3, 2019 - 10:23am | 1125While I will let the “real” analysts debate about how we should handle our trade deal regarding China, I am only here to discuss the sentiment around the China deal. This past week, I have seen many posts like this one: "We wouldn't be down at these relatively low levels had...
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This Article Is Not For The Closed-Minded Investor
Thursday, May 30, 2019 - 9:53am | 1942I have now been writing for Seeking Alpha for approximately 6 years. And, I can honestly say that not much has changed in the readership base. Yes, that means you. You see, the same folks that have commented on my articles that Elliott Wave analysis is akin to voodoo are still making the exact same...
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Gold Is In A Precarious Spot
Wednesday, May 29, 2019 - 1:21pm | 492Please note: This article was originally posted on FATRADER.com on Friday May 24th. My mother told me that if I did not have anything nice to say, I should not say anything at all. Well, that is why you have not heard from me about GLD for quite some time. When I wrote about it last, many were...