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Indices

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.

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 […]

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 […]

Nasdaq 6500 Within Bulls’ Grasp

nasdaq weekly chart

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 […]

DAX Flying Towards the Stratosphere

dax-30m-5-12-16

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 […]

A Comprehensive Nifty 50 Analysis

nifty-50-monthly-7-10-16

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 […]

S&P 500 Three Days Ahead of the Fed

sp500-1h-19-9-16

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 […]