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.
“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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
If you have read our article about DJIA’s long-term prospects, you know that the bulls have been swimming in very deep and dangerous waters for while now. The shorter-term outlook, however, suggested that a new all-time high should be expected before things get complicated. This is the chart we published back in August, while the […]
The last time we wrote about the Nifty 50 was June 13th, when the index was trading at 8110. In “Nifty 50 Aiming For The Top” we thought “the index is poised for new highs above 9119 in the long term”. Less than 4 months later, it currently trades near 8700, after reaching as high […]
The German DAX 30 index climbed to 10 802 in the middle of August, but has not been able to reach those highs ever since. Prices have been moving sideways for over a month and a half now. Last Friday, the bears managed to touch 10 190, but their efforts were brought to nothing by […]
The S&P 500 was very indecisive at the start of the week. The index has been moving sideways between 2130 and 2154 until Wednesday, when the bulls finally managed to break out of the consolidation and continue higher. We even saw 2180, before today’s retreat, so those, who have been bullish near 2130 on Monday, must be […]
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