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Ahead of the Move: EURUSD Adds 500 Pips in a Week

At the start of last week EURUSD was trading below 1.0700. The pair had fallen from as high as 1.1496 in just two weeks as coronavirus cases in Western Europe kept climbing disturbingly fast. And while fundamental traders had every reason to expect more weakness, the charts were sending a different message. The Elliott Wave…

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S&P 500, Against All Logic, Re-Enters Bull Market

The coronavirus pandemic forced the global economy to grind to a halt. Major U.S. stock market indices made their fastest plunge into bear market in history. In less than two months, DJIA and the S&P 500 lost 38.4% and 35.4%, respectively. “The virus is just starting to spread in the United States, the market is…

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Rational Stock Got Cut in Half. Is the Pain Over?

The last time we wrote about Rational AG was on February 5th. The stock had just reached an all-time high of 740 euro a share in January following a 17-year uptrend. With the price hovering around 690 at the time, new records seemed to be just a matter of time. On the other hand, no…

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Ulta Beauty Looks Attractive Amid COVID-19 Recession

In response to the spreading COVID-19 epidemic, Ulta Beauty decided Tuesday to join many other businesses in closing its stores across the U.S. Even without that drastic measure, social distancing was going to hurt Ulta’s business anyway. Sensing where things were going, the market pushed Ulta stock down very quickly. ULTA was trading above $300…

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Dow Jones Transports Ready for a Rebound?

The coronavirus pandemic is wreaking havoc on the global economy. Governments are closing malls, restaurants and literally all kinds of social gathering places, and even putting entire cities on lockdown. In the meantime, stock market indices are in free fall. The S&P 500 is down 28.7% YTD and the Dow Jones Industrials lost 35.2% since…

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SEIC Stock Enters Elliott Wave Buy Zone

Four months ago, we published an article on SEI Investments (NASDAQ:SEIC), saying that the “stock can lose half its value in a recession.” At the time of writing, November 5th, 2019, the economy was still firing on all cylinders and most analysts saw nothing but blue skies. And indeed, the unemployment rate was at a…

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Three Years Ahead of the COVID-19 Airlines Disaster

As the coronavirus pandemic rages on, governments are taking measures to restrict unnecessary travel and mass gatherings. The airlines sector is probably the one being hit the hardest by the restrictions. The high fixed costs and huge debt loads of the airlines make them extremely vulnerable to economic downturns. With international and domestic travel on…

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Gold is Crashing. Elliott Wave Somehow Predicted It

Common sense dictates that in a time of crisis demand for safe-haven assets jumps. The price of gold, for instance, the most sought-after asset in difficult periods, climbed to an all-time high of $1921 shortly after the 2008-9 market crash. This time though, as the world economy is on the verge of grinding to a…

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Nikkei Down 30% on COVID-19 Fears. Time to Buy?

The last time we looked at the Japanese Nikkei 225 was on November 19th, 2019. The index was comfortably trading above 23 400 and the uptrend seemed very healthy, on the surface at least. And indeed, in December, the price reached 24 116. However, the fact that prices have been rising in the past didn’t…

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Five Months Ahead of HollyFrontier ‘s Collapse

Oil stocks plunged across the board Monday following an epic OPEC+ negotiations failure. The price of oil was down over 31% yesterday after Saudi Arabia launched an all-out price war. One of the many casualties was HollyFrontier, which we covered over five months ago. HFC tumbled almost 16% to close Monday’s session at $24.10. And…

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Disney Stock’s Weakness Exposed by COVID-19 Panic

The coronavirus panic caused indiscriminate selling of almost every stock, regardless of the underlying company’s position. Among the hardest hit blue chip stocks was Walt Disney. The bearish logic behind the 28% selloff is that a big part of Disney’s revenue comes from its movies and parks. People fearful of infection would rather stay home…

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Bank of America Lost 30%, but Sent a Warning First

The coronavirus panic coupled with the Fed’s emergency 50 basis points rate cut sent bank stocks plunging very quickly. Bank of America, one of the “too big to fail”, is down almost 30% from its December 2019 high. However, BAC is in a much better financial shape than ten years ago. In fact, the company…

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Walgreens Stock Dips Below $45 as KKR Deal Stalls

We last wrote about Walgreens stock on November 11th, 2019. Shares were hovering around $62 after news that KKR’s was willing to take the company private. It was going to be the largest leveraged buyout in history. We, on the other hand, were more interested in what was going to happen with the stock in…

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Avoiding Boeing ‘s Perfect Storm and 40% Crash

The past year has been a real nightmare for Boeing investors. The stock reached an all-time high of $446 a share on March 1st, 2019. And just when it looked like the sky is the only limit, things took a sharp turn for the worse. Two of the company’s 737 MAX planes crashed within five…

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“DAX Falls on Coronavirus Fears.” It’s Not That Simple

The coronavirus outbreak is a convenient explanation for everything market-related these days. According to the media, investors across the globe panicked last week that the virus, which has taken over 3000 lives already, is going to become a pandemic. Major stock market indices in the U.S. lost roughly 14% in the past five trading days.…

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