Do you want a hint of where the economy is heading? Do you want to be prepared for the next boom or crash? Well, the economy lags the market. The charts of major benchmark indices like DJIA, S&P 500 or NASDAQ100 are the things you should be looking at, if you want to be ahead of the news.

Insurance vs Irma: And The Winner Is…

insurance etf elliott wave analysis

2017 marks the first time the United States is hit by two back to back Category 4 storms. Depending on who you ask, Harvey and Irma are estimated to have caused between $30 and $90 billion in combined damage. Chuck Watson, an analysts with Enki Research, went even further by saying that going back to normal…

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DAX Setting Up an Intraday Bullish Breakout

dax 30 elliott wave analysis

We already shared with you our long-term and mid-term outlook of the German DAX 30 index, we decided it was time to take a look at the short-term, as well. The blue chip average recently pulled back from its all-time high of 12 951 and fell to as low as 11 934 earlier this month.…

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Nasdaq to Take a Rest Before the Final Push

nasdaq elliott wave analysis august 3

We wrote about the Nasdaq Composite on March 8th. While the index was trading near 5830 its weekly chart suggested the bulls should be able to lift the price to around 6500. Last week, 6461 was reached, so it is time to take a closer look and see what is left of this uptrend. Not…

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DAX Bulls Not Ready to Give Up

dax elliott wave analysis july 27

Two months ago we published “DAX 30: Time to be Careful Now” to tell investors, who by definition are long-term oriented, that the German benchmark index is approaching the end of the post-2009 uptrend and might soon reverse for a major correction to the south. Traders, on the other hand, are more focused on what…

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DAX 30: Time to Be Careful Now

dax 30 elliott wave analysis

“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…

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Nifty 50’s Bubble Just Keeps Inflating

nifty 50 elliott wave chart

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…

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SPX Selloff and Trump’s Political Mess

spx elliott wave chart may 8th

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…

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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.…

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Nasdaq 6500 Within Bulls’ Grasp

Nasdaq’s early short sellers might come up short. Last week, the Nasdaq Composite index climbed to 5912, so if you are getting ready for the 6000 mark soon, you are probably not alone. Like the other two major U.S. stock market indices, the Nasdaq bottomed out in March, 2009, and has been rallying ever since. Its…

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DAX Bulls Generously Rewarded for Their Patience

Buy-and-hold proved to be a profitable strategy in the German DAX Keeping up with its U.S. equivalent, the German DAX has been rising steadily ever since the election of Donald Trump. The index has climbed from 10 402 to 12 031 in less than three months, which is a good return in anybody’s book. However, news-interpreting…

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Mere Mortals Should Leave Airlines to Buffett

Do not get us wrong, this is not a critique of Warren Buffett’s judgement. Who are we to criticize him, after all. In November, Berkshire Hathaway’s SEC filings revealed that the company has opened positions in four major U.S. airlines – American Airlines, United Continental Holdings, Delta Air Lines and Southwest Airlines. However, in our…

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USD Index Will Not Rise Forever

It has been another strong year for the U.S. dollar. The greenback crushed most of its rival – the euro and especially the pound, to mention a few – so there is no surprise the USD index is hovering near 101.00. The last time the USD index traded around these levels was over 13 years…

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DJIA Transforms Optimism Into Mania

The last time we wrote about DJIA, the index was just breached 18 700. In the article we published on November 10th, we examined the weekly chart of the Dow, which appeared to be showing a bearish pattern called an ending diagonal, which could have spelled the end of the bull market, which began in…

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DAX Flying Towards the Stratosphere

Soon after the markets opened on Monday, the German DAX decline to 10 424 in response to Italy’s “No” vote in the referendum. But instead of continuing even lower, the index skyrocketed sharply to the upside and is currently trading slightly below 10 940 after almost reaching 10 950 earlier today. And while the DAX is…

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Russell 2000’s Uptrend Will Not Last Forever

Yesterday, the small-cap stock market index Russell 2000 climbed above the 1300 mark for the first time in its history. A comparison between its current level and the low of 342 in March, 2009 gives us an idea of the phenomenal uptrend the Russell 2000 has been riding. The fact, that a long position initiated anywhere between 342 and…

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