Prior to February 5th the market had gotten a bit complacent. It had one of the longest bull runs without a significant pullback in recent memory. All that bullishness led to low volatility and made investors lazy and less vigilant. But as we’ll see in the following article by Elliott Wave International market participants should have known better. The market can’t go straight up forever, it needs periods of consolidation to shake out the “weak hands” and build a more solid foundation as it climbs.
Urgent Message: Two Must See NASDAQ Charts
February 1, 2018 by Leave a Comment
The NASDAQ index was launched in 1971 as the world’s first electronic stock market. With $7 Trillion in market capitalization it has grown to become the second largest market behind the NYSE. The NASDAQ has been in an upward sloping channel since 2011. But now something has happened. See this video for more information.
Bitcoin Crashes Below $10,000. What’s Next?
January 26, 2018 by Leave a Comment
Who could have thought that something called a “digital currency” that first appeared in 2009 and was widely available for 1 cent (and no one cared!) eight years later would be going for $20,000 a pop? It’s the wildest financial craze of our time. Wait, scratch that — it’s the wildest financial craze ever, because Bitcoin is up not 100%, not 1,000%, not even 10,000%. Since inception, Bitcoin is up 32,000,000%. Yes, thirty-two MILLION percent.
U.S. Stocks: A Sentiment Extreme You MUST Pay Attention to
November 2, 2017 by Leave a Comment
Robert Kelley, the editor of Elliott Wave International’s US Stocks Intraday Pro Service, tells you about a sentiment extreme that he’s seen recently. Watch this new interview to find out what has caught his attention and what they mean for U.S. stocks going forward.
Did You See the 30% Rise in This Major Global Stock Index?
October 5, 2017 by Leave a Comment
In this video Robert Folsom shows the indicators leading the Hong Kong Hang Seng Index to gain 30% in 9 months.
Silver Chart of the Day
September 26, 2017 by Leave a Comment
Silver has had several major peaks over the last year. But interestingly sentiment has been an excellent indicator of peaks. In this video we will look at the correlation between Silver’s price and market sentiment.
What Does “Paddle-boarding” Have to do with Speculating?
August 26, 2017 by Leave a Comment
Sometimes when your mind is in the “Zone” unusual correlations will just pop into your head. According to Wikipedia, “The eureka effect (also known as the aha! moment or eureka moment) refers to the common human experience of suddenly understanding a previously incomprehensible problem or concept.” An editor of Elliott Wave International had a eureka aha moment while paddle-boarding and in this article, he looks at Elliott Wave Setups, Cocoa and surprisingly how that correlates to of all things Paddle Boarding. ~ Tim McMahon, editor.
Understanding the Relative Strength Index (RSI)
August 15, 2017 by Leave a Comment
Two of the most commonly used technical indicators of momentum in trading are the moving average convergence divergence, or MACD, and the Relative Strength Index (RSI). Today Jeffrey Kennedy is going to be looking at RSI. It was developed by legendary trader J. Welles Wilder. It is a “momentum oscillator”. As the price of a security rises, price momentum increases. The faster the security rises (the greater the period-over-period price change), the larger the increase in momentum. Once this rise begins to slow, momentum will also slow. Our NYSE ROC chart is a type of Momentum chart.
Top 3 Technical Tools Part 1: Japanese Candlesticks
August 9, 2017 by Leave a Comment
Jeffrey Kennedy to name 3 of his favorite technical tools (besides the Wave Principle). He told me that Japanese candlesticks, RSI, and MACD Indicators are great methods to support Elliott wave trade setups.
When Prices Are Falling, TWO Numbers Matter Most
July 22, 2017 by Leave a Comment
On June 29, the Apple iPhone turned 10 years old. But, for many, the mood surrounding the milestone was less than celebratory. Reason being, in June alone, Apple Inc. (AAPL) plunged 6% to two-month lows amidst a broad-scale bruising of the global tech sector.
