Southwest Ready for a Hard Landing?

southwest airlines chart

In June, 2016, Southwest Airlines was the subject of an educational article, titled ““Elliott Wave: The Devil Is In the Details”, where we presented three different scenarios for the stock’s future, in order to demonstrate that analysts should learn to look at one chart from different perspectives and keep all of them in mind. At […]

Bank of America and the So-Called Trump Rally

bank of america 23 march 2017

Bank of America stock proves that you cannot rely on politics for your investments Our previous article on the subject, titled “Bank of America: A Good Long-Term Bet?” was published on August 24th, 2016. Two and a half months before Donald Trump’s election for president, while the stock was trading near $15.30, the Elliott Wave Principle […]

Wells Fargo to Lose 30% from Now On?

wells fargo 21.3.17

Eight years and one fake accounts fiasco later, Wells Fargo’s uptrend is approaching its end The last time we wrote about Wells Fargo was in late-January, 2016. Fourteen months ago, the stock was trading below $49 a share, after a decline from $58.74. It was a $10-drop, which for the bank’s investors meant a 17% […]

Dark Clouds on Humana’s Horizon

humana weekly chart

It was a nice run, but Humana’s upside potential is limited from now on The last eight years must have been great for Humana Inc. investors. From its March 2009 bottom at $18.57, the stock has gained over $200 a share or roughly 1077%. That is 36.2% compounded annually, which is a great return in […]

Bitcoin Elliott Wave Outlook Ahead of the SEC

bitcoin price chart

A month ago, on February 10th, we examined bitcoin’s tendency to extend the fifth waves of the impulse it draws. As of the time the article was published, the cryptocurrency was trading around $960, after a crash from $1075 to $914. But instead of selling with the other bears, the lessons learned from bitcoin’s manic-depressive past […]

Adidas Stock Way Too Overpriced

adidas weekly chart

No trend lasts forever. Adidas’ will not, either. The last two years were nothing less than incredible for Adidas investors. Since January, 2015, the stock has risen from below 54 to the vicinity of 178 euro per share. That is a rally of nearly 230% that could easily make you think the best is yet […]

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 […]

GBPUSD Before and After the Giveaway

gbpusd 4h 27 feb

GBPUSD regained negative bias at the start of February and has been losing ground ever since. After forming a top at 1.2706 a month ago, the pair fell to as low as 1.2214 at one moment today and is currently trading near 1.2240. It is interesting to notice that roughly half of this 490+ pip decline happened […]

Leggett & Platt Not Done Falling

leggett & platt weekly chart

A clear technical pattern suggests Leggett & Platt might have a very disappointing 2017 Like many other stocks, Leggett & Platt bottomed out in March, 2009, and has been in a strong rally since. The engineered components and products produces has climbed from as low as $10.03 to as high as $54.63 a share between […]