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"INSTINCT"

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This book is not about trading. It is about something much more important. The dark side of the Elliott Wave principle...

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USDJPY False Breakout Right On Schedule

USDJPY’s rally from 108.80 came to its natural end last week, when the pair climbed to 114.50. The rate exceeded the mid-May high of 114.36 for what is usually called a “bullish breakout.” Unfortunately, instead of rising even more, the U.S. dollar reversed sharply to the south to reach 111.55 yesterday for a decline of almost 300 […]

Winds Might Change for Vestas Wind Systems

Vestas Wind Systems is the world’s largest wind turbine manufacturer. The company has installed almost 60 000 wind turbines in 76 countries around the globe. Last year’s record breaking revenue of 10.2 billion euro helped the stock gain enough inertia to give Vestas Wind Systems a market cap of $19.2 billion as of this writing. […]

USDCAD Two Months Ahead of Bank of Canada

Last week, the Bank of Canada raised the interest rate for the first time in seven years, thus reinforcing the downtrend in USDCAD, which has been in progress since the top at 1.3793 in May. In this respect, the hike itself is hardly the reason for anything. Despite the fact that the U.S. dollar lost over 200 […]

Stay Worried About Tesla Stock

Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company […]

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USDJPY False Breakout Right On Schedule

USDJPY’s rally from 108.80 came to its natural end last week, when the pair climbed to 114.50. The rate exceeded the mid-May high of 114.36 for what is usually called a “bullish breakout.” Unfortunately, instead of rising even more, the U.S. dollar reversed sharply to the south to reach 111.55 yesterday for a decline of almost 300 […]

USDCAD Two Months Ahead of Bank of Canada

Last week, the Bank of Canada raised the interest rate for the first time in seven years, thus reinforcing the downtrend in USDCAD, which has been in progress since the top at 1.3793 in May. In this respect, the hike itself is hardly the reason for anything. Despite the fact that the U.S. dollar lost over 200 […]

EURGBP Prone to More Weakness

EURGBP has been rising for over two months now. The pair’s journey to the north began from 0.8313 in mid-April and did not stop until 0.8879 was reached on June 28th. However, everything comes to an end and the euro’s rally against the pound is unlikely to be an exception. In fact, judging from the […]

GBPCAD Bears Have Officially Returned

The last time we wrote about GBPCAD was almost half a year ago. On January 16th, 2017, the pair was hovering around its lowest level since July, 2013, after a decline from 2.0972 to as low as 1.5736. Usually, trading in the direction of the larger trend is a good strategy. Except when it is […]

All from Forex

Gold Surges. Save the Useless Explanations

The price of gold surged to $1296 yesterday, which is its highest level so far in 2017. Mainstream media says political tensions following the United States’ withdrawal from the Paris Climate Accord and Qatar’s isolation in the Middle East are among the reasons investors are buying gold and other precious metals, considered to be safe-haven assets. Explanations […]

Price of Silver Could be Aiming at 22.00

The price of silver bottomed at 15.62 in the last month of 2016 and has been in an uptrend ever since. The precious metal is currently trading at $18.33, after recovering from its mid-March swing low. On the other hand, we could also say that the current price of silver is in the middle of […]

The Elliott Wave Logic in Gold’s Ups and Downs

There is a pattern to be found in gold’s seemingly random walk In the middle of last month, the price of gold was hovering around $1230 for a while. Then, on February 15th, it made a bottom at $1216.60 and started rising again. The optimism went on for a couple of weeks until the precious metal […]

Gold’s Sudden Crash Mystery Explained

It was all looking good for gold at the start of the week. The precious metal seemed ready to continue the recovery from $1123 after climbing to a new intraday high of $1220 on Tuesday, but unfortunately for the bulls, it was not meant to be. Instead, a long a sharp decline of nearly $40 […]

All from Gold & Silver

“Sell and Hold” Crude Oil Strategy

In our previous article you saw that a bearish reversal in the price trend of crude oil could be predicted, even when OPEC extends its production cuts agreement, which should normally be a bullish factor. It has been roughly 20 days since that post and oil’s plunge shows no signs of stopping. After falling to […]

Crude Oil Prices Dive Even as OPEC Cuts

Yesterday was an important day for crude oil traders, who have been waiting for OPEC to extend the production cuts in an effort to stabilize crude oil prices, whose recovery from below $30 a barrel still looks very fragile. OPEC countries did not disappoint and announced they have agreed to follow the output-cut deal at least […]

Crude Oil Soared Before Russia-Saudi Arabia Cuts

The price of WTI crude oil plunged from $53.74 to as low as $43.73 between April 12th and May 5th. This 10-dollar sell-off surely made the bears feel almighty, but instead of accelerating to the south, oil prices bounced up to close the week at $46.46. Before the market open the next Monday, May 8th, […]

Why the Tumble in WTI Crude Oil Prices?

Last week, WTI crude oil prices climbed to $53.74 a barrel, maintaining the uptrend from $47.08, which began a month ago. But instead of continuing to the north this week, the market tumbled to $50.06 yesterday, momentarily sparking the debate about the oil glut and ineffective OPEC supply cuts. But oversupply has been around for over two […]

All from Crude Oil

Bitcoin Traders Running for the Hills Already?

The last 30 days did not bring a lot of joy to cryptocurrency traders, to say the least. Bitcoin reached, and on some exchanges even exceeded the $3000 mark on June 12th, but instead of continuing to the north, it fell to as low as $2120 on June 15th. Nearly a month later, the biggest virtual currency is […]

ETHUSD’s Huge Surge Comes With Huge Risks

The price of Ethereum – the second biggest cryptocurrency by market capitalization – is currently hovering around $340 a coin, down from as high as $412 earlier this week. Despite the pullback, ETHUSD is still up by over 4100% since the start of 2017, which makes it the most likely candidate to take Bitcoin’s crown. […]

Bitcoin Bubble: Is It “Different This Time”?

Our first bullish outlook on the biggest cryptocurrency, titled “Bitcoin Hiding an Ace in the Sleeve” was published less than a year ago, on August 1st, 2016, when BTCUSD was trading near $620. It has been a wild ride, but ten months later, the price on most exchanges is hovering around $2900 per Bitcoin. And […]

Bitcoin’s Crash and Its Elliott Wave Meaning

If the market was a human being, every psychiatrist would easily be able to diagnose it with bipolar disorder, but when it comes to Bitcoin, it is nothing short of schizophrenia. The market capitalization of the cryptocurrency more than doubled in less than a month, after its price climbed from $1348 at the start of […]

All from Bitcoin

DAX 30: Time to Be Careful Now

“DAX 30: Stage is Set for a New All-Time High” was published on October 3rd, 2016. While the German benchmark index was trading close to 10 530, Elliott Wave analysis of its monthly chart made us believe the bulls are going to succeed at lifting it above 12 400 in the months ahead. That was over […]

Nifty 50’s Bubble Just Keeps Inflating

Our previous analysis of the Indian Nifty 50 stock market index was published over seven months ago. On October 7th, 2016, the index was hovering slightly below 8700 and since the uptrend was still in progress, we thought a new all-time high should eventually be expected somewhere near 9200. Prices climbed to as high as 9 […]

SPX Selloff and Trump’s Political Mess

Calling for Donald Trump’s impeachment intensified after the President fired FBI’s director James Comey on May 9th in a move resembling Richard Nixon’s firing of special prosecutor Archibald Cox, who was appointed to investigate the Watergate scandal in 1973. A week later, as if to make things even worse, Trump allegedly revealed highly classified information to Russian […]

Bovespa Investors in for a Rough 2017

Prepare for more weakness in the Brazilian stock market Brazil’s investors finally took a breath last year. After several years of slow, but steady decline, the country’s benchmark Bovespa index rose from as low as 37 046 in January to as high as 65 291 in October. So, basically, 2016 has been a great year. […]

All from Indices

Winds Might Change for Vestas Wind Systems

Vestas Wind Systems is the world’s largest wind turbine manufacturer. The company has installed almost 60 000 wind turbines in 76 countries around the globe. Last year’s record breaking revenue of 10.2 billion euro helped the stock gain enough inertia to give Vestas Wind Systems a market cap of $19.2 billion as of this writing. […]

Stay Worried About Tesla Stock

Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company […]

WPP Stock to Lose 30% from Current Levels

Like many others, communications services provider WPP Plc stock rebounded handsomely from its Financial crisis bottom at $22.35 a share in late-2008. By May 2015, the bulls had already lifted the price above the $120 mark. The problem is that unlike many other stocks, WPP’s went exactly nowhere during the past two years, locked in the […]

Verizon: The Worst DJIA Stock of 2017

According to a report by Yahoo, Verizon stock is the worst performer among the 30 stocks within the Dow Jones Industrial Average so far in 2017, after the share price of the telecom giant is down by over 18.5% this year. And indeed, Verizon finished 2016 close to $53.40 a share. Last week, it fell to […]

All from Stocks

Negative Social Mood, Pegida’s Best Friend

“Fears are growing in Germany of a far-Right resurgence stoked by the refugee crisis, after nearly 20,000 took to the streets of Dresden in the biggest rally by the Pegida anti-immigrant movement for months.” – The Telegraph One of the speakers at the rally actually expressed regret that “the concentration camps are out of action”. […]

Even Apple has Socionomic Problems

In 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. Now, 74 years later, this hypothesis is a good addition to the socionomic theory. The new science of Socionomics, founded by Robert Prechter Jr. in 1979, postulates that social mood drives financial, macroeconomic, political and social behavior, in […]

What do Ferguson and Iraq have in common?

Have you been watching the news recently? If yes, then you have probably heard about the riots in Ferguson and the US airstrikes against the extremist Islamic State in Iraq and Syria (ISIS). But what do these two conflict zones have in common? And what does the Market have to do with it? The riots in […]

Is another Arab Spring lurking ahead?

The Arab Spring is a wave of revolutions, demonstrations and civil conflicts, which struck mainly Tunisia, Egypt, Libya, Yemen and Syria during 2010 – 2013. Mostly, people were angry with decades of dictatorship and the violation of basic human rights. Many leaders had been forced from power. Egypt’s Hosni Mubarak, who held office for almost […]

All from Socionomics