This Widely Held Belief About the Trade Deficit Is Wrong

By Elliott Wave International Every day, forecasters make predictions based on the same old tools: economic fundamentals, valuation models, polls and so on. And every day, many of those predictions miss—sometimes spectacularly. The point isn’t that traditional analysts aren’t well-educated; it’s that just MAYBE what they learned is wrong. When the same methods keep producing […]

Junk Bond Spreads Diverge Further From Stocks

By Elliott Wave International One of the stock market’s important warning signs is getting louder. Junk bond spreads and equities usually move together. When they don’t, it’s worth paying attention. Check out this excerpt from Elliott Wave International’s August 19 Short Term Update. “[This chart] shows updated prices for both the S&P 500 and the […]

Chris Ciovacco Analyzes the April 10th Market Situation

In his latest weekly market video, Chris Ciovacco of Ciovacco Capital walks through a broad set of technical charts and indicators to answer one key question: do current market conditions align with a bottoming process in stocks? After the S&P 500 gained over 3% in the past five trading sessions, the evidence continues to lean toward “so far, so good” — with breadth indicators, credit markets, and key moving averages all holding at critical support levels. While short-term hurdles remain, the weight of evidence looks far more like the corrections of 2023 and early 2025 than the bear market of 2022. Watch the full video breakdown below.

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 channels and Fibonacci Time Pivots. 

Bob Prechter on the Rich Dad Radio Show

Our friends at Elliott Wave International just published an interesting interview between Rich Dad Radio Show guest host Tom Wheelright and EWI Founder and President Bob Prechter.

Free report: ‘Gold Investors’ Survival Guide’

Gold prices are breaking records so our friends at Elliott Wave International have created a free guide to help you get on the right track.

Market Outlook May 31, 2023

The market soared 27% since the December low. And continued despite the media beating the gloom and doom drum of the “Debt Ceiling”.

Where is the Market Headed in May 2023

As we’ve been saying for a while now, the market is stuck in a pennant formation and will eventually have to break out one way or the other, and generally, when that type of breakout occurs, it is quite sharp.

Silicon Valley Bank, Silvergate and “The Everything Bust”

the FED’s raising interest rates has resulted in an “inverted yield curve” (i.e. short rates are higher than long interest rates) which puts extreme stress on banks and has resulted in some recent bank failures. In this article, the editors of Elliott Wave International look at the banking situation.  ~Tim McMahon, editor

Bull Trap or Market Consolidation?

At the end of last week, Chris Ciovacco recorded his weekly “Short-Takes” market analysis, and overall, things looked quite bullish. Most markets were above their moving averages, trends were turning up, and things were looking good. And then this week, markets turned down, and things got gloomier. But as we’ve said before, Stocks Don’t Go Straight Up (or Straight Down), and Chris said last week that he wouldn’t be surprised to see the markets like the S&P 500 retest the 3900-3950 levels. This is all part of a healthy consolidation. Of course, if markets fall below certain levels, we must reevaluate our position and see if the 2023 rally was just a “Bull Trap” after all. We should remember that the FED is still tightening, and we know “fighting the FED” is generally a bad idea.