By Bob Stokes
5/18/2012 5:30:00 PM
Ten days before the most recent stock market top (May 1), an April 21 Barron's online headline read: "...Big Money Poll Finds Money Managers Are Bullish." But since the start of the month, the Dow Industrials has given back over 900 points. What gives?...
Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, investor psychology, mutual funds, Robert Prechter
Category: Stocks
By Nico Isaac
5/18/2012 4:45:00 PM
Since the start of May -- in just 3 weeks! -- crude oil prices have fallen 12% to land at their lowest level in 6 months. Great time to be an oil bear for sure, but now oil bears want to know whether their gravy train has reached its destination. Well, according to the mainstream experts, the answer to that question is a very confident Yes... and, an equally confident No. Today's story has the riveting details.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, oscillators, Relative Strength Index (RSI), technical indicators
Category: Energy
By Vadim Pokhlebkin
5/18/2012 3:15:00 PM
On January 24, 2011, Robert Prechter was invited to Canadian BNN TV network for an interview. Watch as Bob explains the Elliott wave pattern in the CRB Commodities Index that turned him bearish on commodities in January 2011.
Filed Under: Cocoa, cocoa futures, coffee futures, copper futures, corn futures, cotton futures, CRB index, Elliott wave, feeder cattle futures, futures trading, lean hog futures, live cattle futures, lumber futures, Orange Juice, Robert Prechter, soybean futures, soybean meal, soybean oil, sugar futures, technical analysis, wheat futures
Category: Commodities
By Nico Isaac
5/17/2012 4:45:00 PM
For Elliott wave analysts, 5 is the magic number. The 5-wave structure is one of the bedrocks of this market-forecasting method. Its rules and guidelines help you determine the depth and duration of developing waves. If you stay its course, the 5-wave form will lead you, like a hound dog leads a hunter, straight to opportunity.
Filed Under: Daily Futures Junctures, Elliott wave, Elliott Wave trading, futures trading, Jeffrey Kennedy, soybean futures
Category: Commodities
Natural Gas Prices Rally: What the... Frack?
Why Energy Specialty Service turned near-term bullish natural gas in mid-April -- just as all the "fundamental" arrows were pointing DOWN.
By Nico Isaac
5/17/2012 5:00:00 AM
Back in mid-April, natural gas prices were circling the drain pipe of a 10-year low. And, according to the mainstream experts, the "overarching theme of the market" was bearish to the bone. Yet, right around that time, both natural gas futures and the US Natural Gas ETF hit bottom and started to soar. Read on see how EWI's Energy Specialty Service had the discipline to stand against the bearish fundamental winds...
Filed Under: crude oil, Elliott wave, fundamental analysis, natural gas
Category: Energy
By Nico Isaac
5/16/2012 5:30:00 PM
What did 91% of gold traders have in common back in late February-early March? Answer: They were all positioned on the wrong side the market; i.e. they were bullish. But on February 29, the uptrend in gold ended, and since then gold prices have seen a $240-plus freefall to a new low for 2012. As for the 9% who saw the drop in gold coming beforehand -- we can name at least ONE member of that minority group: EWI's Metals Specialty Service.
Filed Under: Elliott wave, Elliott Wave trading, Gold, gold futures
Category: Gold and Silver
By Bob Stokes
5/16/2012 5:30:00 PM
Almost all bank buildings look solid on the outside. But, of course, the goings-on inside are what count. Greece is again in the spotlight, yet we know the financial health of other European banks is the bigger question...
Filed Under: banks, Elliott wave, euro stoxx 50, europe, european central bank, European debt crisis, eurozone, Goldman Sachs, soverign debt crisis
Category: European Markets
By Vadim Pokhlebkin
5/15/2012 9:15:00 PM
Today, EUR/USD, the exchange rate between the euro and U.S. dollar -- and also the world's most-traded forex market -- fell to near $1.27, a low not seen since January. Just two weeks ago, it stood almost 600 points (or pips, in forex lingo) higher. What if someone asked you back in April -- before this month's news from Europe -- where the euro would trade in May? For many forex traders, the answer would be...
Filed Under: debt crisis, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, forex, forex trading, Greek debt, online trading, sentiment, technical analysis, technical indicators, U.S. dollar
Category: Currencies
Options Traders: Why "Ending Diagonals" Should Be Your New Best Friend
Elliott Wave Junctures' video lesson shows how an Elliott wave chart pattern called "ending diagonal" takes the guesswork out of options timing
By Nico Isaac
5/15/2012 5:00:00 PM
Trading options is not for the faint of heart. The stakes are sky high. You're not just buying or selling a security. You're also doing so with the expectation that said security reach a specific price by a specific time. That's why with options trading, most traditional forms of technical analysis fall short. At their best, they can identify WHAT the trend at hand is. Elliott wave analysis, however, goes the full distance...
Filed Under: diagonal, Elliott wave, Elliott Wave trading, Jeffrey Kennedy, options trading, technical analysis
Category: Trading Lessons
By Bob Stokes
5/15/2012 5:00:00 PM
For the past several months, volatility was absent as the market mainly traded sideways. Many participants were complacent. Some opined that the market was simply gathering its strength before the next leg up. We viewed the lackluster market action as...
Filed Under: Elliott wave, market forecasts, S&P 500, technical indicators, U.S. STOCK MARKET, VIX, volatility, volume, Wall Street
Category: Stocks
By Bob Stokes
5/14/2012 5:30:00 PM
During Q1 of 2012, trading on the New York Stock Exchange was down 23 percent vs. last year. But if many individual investors have stayed out of the market, how has the S&P 500 more than doubled? Moreover, what do we see ahead?...
Filed Under: banks, credit default swaps, Elliott wave, financial forecast, investment decisions, investor psychology, liquidity, risk appetite, Robert Prechter, stock indexes
Category: Stocks
By Vadim Pokhlebkin
5/14/2012 3:30:00 PM
The European single currency, the euro, was introduced in 1999. Today its report card -- and that of the eurozone -- looks impressive. Why, then, is the euro also quickly becoming one of the most suspect currencies in the world?
Filed Under: Elliott Wave trading, Elliott wave, European Union (EU), euro, euro stoxx 50, eurozone, euro/USD exchange rate, europe, european central bank, European debt crisis, socionomics
Category: Global Markets
By Bob Stokes
5/11/2012 4:45:00 PM
The run-ups in silver and gold since 2008 have many precious metals bulls believing that the pullback in recent months is just temporary. What do we see ahead for these two precious metals? I can say that the charts suggest...
Filed Under: economic depression, Elliott wave, Gold, gold futures, liquidity, market forecasts, platinum futures, recession, silver, silver futures, Traders
Category: Gold and Silver
EUR/USD: 2 Weeks of Declines. Now What?
Our Currency Specialty Service's new video update tells you where EUR/USD, USD/CHF and USD/CAD should go next week
By Vadim Pokhlebkin
5/11/2012 4:30:00 PM
Google "euro" in the news, and the headlines you get all sounds pretty negative. In fact, today's sentiment towards the euro brings to memory the summer of 2010. The euro had been falling for 6 months, and the headlines read...
Filed Under: Elliott wave, Elliott Wave trading, euro, forex, U.S. dollar
Category: Currencies
Know to the Tick Where to Place Your Protective Stops? Hubba-Hubba
Elliott Wave Junctures' newest video trading lesson shows you how the rules and guidelines of the Wave Principle allow you to manage risk
By Nico Isaac
5/11/2012 1:45:00 PM
What does the Wave Principle have that fundamental analysis, quantitative analysis, and most technical analysis does not? Answer: A set of rules and guidelines that allow you identify precise [price] levels to the tick -- to the pip [in forex] -- where your trade is wrong and right; these are excellent points where you can actually put protective stops. Read on to learn more.
Filed Under: Elliott wave, Elliott Wave trading, fundamental analysis, Jeffrey Kennedy, technical analysis
Category: Trading Lessons
By Nico Isaac
5/10/2012 6:00:00 PM
One of the biggest flaws of mainstream financial analysis is that it baits traders with a specific fundamental "hook." And once snared, they are forced to go wherever the reel draws them in, powerless to resist. If prices should go the other way (as they often do) the trader is caught. The Wave Principle, on the other hand, is founded on a number of key rules and guidelines that enable you to adjust your Elliott wave counts as price action sees fit.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, Fibonacci, fundamental analysis
Category: Energy
Bank Capital Rules: A Reminder of 2008
"In 2008 there was a credit crisis. The next five years will bring on the credit crisis."
By Bob Stokes
5/10/2012 5:00:00 PM
Is our financial system stronger today than it was four years ago? Most people might think so; mainstream news analysis rarely suggests otherwise. But here's what the public remains mostly in the dark about...
Filed Under: banks, central banks, conquer the crash, credit rating, debt crisis, debt downgrade, deflation, economic depression, Elliott wave, european central bank, European debt crisis, hedge funds, U.S. Federal Reserve (the Fed)
Category: U.S. Economy
By Vadim Pokhlebkin
5/10/2012 5:00:00 PM
When you trade stocks, the question is always the same: What's the trend? Looking at the market's "fundamentals" today, you'd probably agree that it's a tough call. Europe is tanking, but maybe it's not so bad; U.S. jobs market is improving, but not as well as we'd like. Is the Fed done "stimulating"? Will the ECB lower interest rates? And on, and on. Here's how Elliott wave analysis helps you cut through the guesswork...
Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, Elliott Wave trading, Interest Rates, Nasdaq Composite, S&P 500, stock indexes, technical analysis, trade targets, trading lessons, trendlines
Category: Stocks
By Vadim Pokhlebkin
5/10/2012 3:30:00 PM
Quick story. Back in 1998-1999, when a gallon of regular at a local QT gas station cost 67 cents (I kid you not), a colleague of mine here at the office was talking to an old buddy, who told him this: "When a barrel of oil costs less than a 12-pack of beer, you know it's time to buy." Boy, do I wish I had listened.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, futures trading, natural gas, online trading, options trading
Category: Energy
Sugar’s Decline Is Right On Elliott Wave Schedule
What helped EWI’s Daily Futures Junctures to stay one step ahead of the near-term trend changes in sugar futures
By Nico Isaac
5/9/2012 4:45:00 PM
Since mid-March, sugar prices have gone from sweet-to-sour in a powerful sell off to 20-month lows. In the March 19 Daily Futures Junctures "Weekly Wrap-up," EWI's senior analyst and Futures Junctures Service editor Jeffrey Kennedy drew a bold arrow pointing DOWN in sugar's future. A third wave was about to start...
Filed Under: Daily Futures Junctures, Elliott wave, Elliott Wave trading, futures trading, Jeffrey Kennedy, sugar futures
Category: Commodities