Chris Ciovacco Analyzes the April 10th Market Situation
In this week's market analysis, Chris Ciovacco reviews a wide range of charts and technical indicators to address a central question: are stocks in the process of forming a sustainable low? The Big Picture Following last week's call to keep an open mind about a potential market bottom, the S&P 500 followed through with a gain of over 3% in the last five trading sessions. Ciovacco's overarching theme is "so far, so good" — meaning the charts are not yet flashing bear market warnings, though short-term hurdles remain. Key Takeaways Commodities vs. Stocks (CRB/S&P 500 ratio): The current setup resembles the corrections of 2023 and early 2025 more than the 2022 bear market, which is an encouraging sign for bulls. Credit markets and junk bonds (JNK): No signs of the kind of breakdown seen ahead of Q1 2022; price action remains above upward-sloping moving averages with constructive consolidation. Breadth indicators: The NYSE Advance-Decline Volume Line remains … [Read More...]
Shiller Price Earnings Ratio 2nd Highest in History
The current reading for the Shiller Cyclically Adjusted Price Earnings Ratio (CAPE) for the U.S. stock market is 39.5. This is the second highest reading in the history of the data going back to 1881, just below the all-time peak of 44.2 at the start of the new millennium. Even in 1929, just before the most famous stock market crash, CAPE only got to 32.5.
This Forecasting Tool Nailed the S&P Turns
It’s not easy to forecast the twists and turns in the S&P 500 — but this video shows how the EWAVES engine did exactly that.
Warren Buffett isn’t buying — and that says a lot.
Berkshire Hathaway is sitting on record cash! From @elliottwaveintl: “Buffett could buy up all shares of 476 companies in the S&P 500 at present prices.”
Is Buffett quietly warning that the market is overpriced?
Stock Prices are Out of This World
Valuations Are at the Furthest Edge of the Financial Solar System By Robert Prechter, excerpted from the January 2025 Elliott Wave Theorist. Figure 1 updates our history of year-end valuations for stocks of S&P companies on two bases: price … [Read More...]
Five Benefits of Using the Elliott Wave Principle to Make Decisions
By Elliott Wave International While everyone searches for the Holy Grail of forecasting, which does not exist, there is one method of analysis that stands apart from the slew of momentum-based indicators, all of which by definition lag the market. … [Read More...]
This Trend Will Likely Soon Rock the U.S. Financial System
Why monetary inflation has been shrinking By Elliott Wave International Nearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer … [Read More...]
Elliott Wave Analysis of Bitcoin
Today we have an in-depth Elliott Wave analysis of the Bitcoin Chart from Crypto Unplugged. This excellent analysis looks at several ways to determine a potential top for Bitcoin and where we currently are in the cycle. The First analysis uses … [Read More...]
