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Nikkei Bears Only Getting Warmed Up

The last time we wrote about the Japanese Nikkei 225 index (NKY) was October 18th, 2017. While the price was hovering around 21 360, the weekly chart of the benchmark allowed us to recognize a worrisome Elliott Wave pattern, suggesting the bulls should be able “to reach 23 000 or maybe even 24 000“, but…

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Dollar Index Bulls to Stop the Bleeding

2018 did not start well for the U.S. dollar, which fell against most of its rivals such as the Euro and the Japanese yen. As a result, the dollar index (DXY) did not shine as well. It fell to as low as 88.25 by mid-February before recovering to 90.23 a week later. The question we…

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CAC 40 Poised to Recover After Selloff

The recent market selloff spared no-one. Investors were reminded what fear was after stocks plunged sharply all around the globe. From the Dow Jones Industrial Average to the German DAX 30 and even in China, major benchmark indices suffered their biggest declines in years. Needless to say, French stocks tumbled, as well. The French CAC 40…

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DJIA Worst Day Ever in Elliott Wave Context

The DJIA fell by 1175 points on Monday, marking the worst daily decline in its entire 122-year history. In percentage points, however, yesterday’s selloff was not as big as Black Monday‘s 508-point crash on October 19, 1987, but it was still big and fast enough to make some investors wonder if this is the end…

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DAX 30 Plunges to 12 700. What’s Next?

It has been a bad week for the German DAX 30. The benchmark index saw its worst weekly selloff in over two years after it plunged from 13 387 to 12 700 for a total loss of 5.1%. The crash seems a bit surprising to economists, who expected the stock market’s rally to continue on…

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DAX 30 Elliott Wave Pattern Puts 12 700 In Danger

The German DAX 30 benchmark index did not perform as impressive in 2017 as its U.S. alternative – the Dow Jones Industrial Average – but it still managed to add 11.9% last year. At one point in November, the index was actually up by 18.2%, when it touched an all-time high of 13 535. This…

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Zigging When the S&P 500 Zags

Yesterday, the S&P 500 reached the 2600 mark for the first time in history. But the journey has not been a smooth one, especially in during the last month. On October 23rd, the index was trading near 2580. Then it fell to the low 2540s, before jumping to a new all-time high at 2596 on…

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DJIA: Extended Fifth Wave In Progress

The last time we wrote about the DJIA was in December, 2016. The most important benchmark index was approaching  19 800, in our opinion “transforming optimism into mania”. However, the Elliott Wave Principle suggested the bulls were about to go even higher. The 22 000 mark looked like a reasonable target, despite the fact that…

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NASDAQ’s Ascent Spoiled by Gravity?

Less then three months ago, while it was hovering around 6360, we published an ARTICLE about the NASDAQ Composite, saying that “6500 is still on the table“, but a decline to at least 6100 should first be expected. Here is the Elliott Wave analysis this prediction was based on. The reason we were expecting a…

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Nikkei 225 Bulls Overstaying Their Welcome

Similarly to other benchmark stock market indices such as the Dow Jones Industrial Average, the S&P 500 or the German DAX, the Japanese Nikkei 225 has been a wonder to behold since its 2009 bottom. During the past nine years, Nikkei 225 has returned over 200%, 205.4% to be exact, climbing from just under 7000…

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DAX In a High-Risk-Low-Return Zone

Nearly three months ago, on July 27th, the German DAX was hovering near 12 300, down from an all-time high of 12 951 reached in June. At the time, uncertainty was mounting. The European Union’s inability to find an acceptable solution to the refugee crisis was becoming obvious and the rising number of terrorist attacks…

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USD Index Bears Could Still Breach 91.00, But…

It has been a while since our last update on the USD index. On December 13th, 2016, while the index was hovering around the 101.00 mark, the Elliott Wave Principle suggested the uptrend is approaching its end and the Dollar index “will not rise forever”. So, instead of joining the bulls, who have been in…

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Insurance vs Irma: And The Winner Is…

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

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

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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