Back in July in a London investment conference, ECB President Mario Draghi pledged to do “whatever it takes” to protect the Eurozone from collapsing. Though he mildly disappointed the market in ECB’s August meeting, President Draghi delivered on his pledge is September. One of the observers was Federal Reserve Chairman Ben Bernanke who hinted of…
The US economy has been on a tepid recovery after the biggest recession since World War II. Lack of strong fiscal policy response due to the divided US government has put most of the burden on the monetary policy. Federal Reserve under Chairman Ben Bernanke has taken various steps to ameliorate the economy. Recently, in…
Downside pressure on prices has only begun You’ve heard (and probably used) the phrase, “I’d rather watch the game on television.” It’s what a sports fan says if he doesn’t want to face traffic jams, inadequate parking, overpriced tickets, noisy crowds, and possibly a poor view of the game. These days, however, something else is…
Plus: Discover Where to Place “Protective Stops” What advantages does the Wave Principle offer to traders? Here’s one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market’s larger trend. Other tools fall short in this regard. Several trend-following indicators…
Weekly Pivots: Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,091 1,407 3,067 5,007 812 5,711 6,971 Open 13,092 1,407 3,063 5,007 813 5,711 6,947 High 13,320 1,438 3,140 5,074 844 5,808 7,249 Low 12,977 1,397 3,040 4,939 807 5,635 6,893 Close 13,307 1,438 3,136 5,072 842 5,795 7,215 Change % 1.6% 2.2% 2.3% 1.3%…
Dollar index monthly-chart: USD/JPY monthly chart: EUR/USD monthly chart:
Reliable internal measures tell a story investors need to know
Anyone who enjoys eating fruit knows there’s a fine line between ripe and over-ripe. If it sits in the fruit bowl too long, over-ripe turns rotten. As experienced investors know, the stock market goes through similar phases. An overbought, or over-ripe, market can spoil quickly.
Take a look at this chart for example (wave labels removed), and ask yourself, is the stock market on the verge of spoiling?
Chairman Ben Bernanke’s Jackson Hole speech turned out to be quite positive for reflationary trades and this was reflected in the price action of gold and US dollar. SPDR Gold Trust (GLD) attracted nearly $2 billion in fresh assets in August, more than most exchange-traded funds. With a gain of 4.6%, August turned out to be…
This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.
September is a month that traditionally has been very bad for the stock market. Accoridnig to Stock Trader’s Almanac, based upon last 61 years performance, September has been last in terms of monthly performance. The Almanac also notes that the beginning of the monthe is better than the end of the month. Also, three sectors –…
You must be logged in to post a comment.