The last time we wrote about Berkshire Hathaway was just over a year ago – on November 9th, 2015 – in an article called “Berkshire Hathaway Not Giving Up Yet”. At the time of writing the class B stock was trading slightly above 136 dollars a share after e decline from $153. Despite the recent…
FedEx Among The Most Dangerous Possessions
The last time we wrote about FedEx Corp. stock was over a year ago, on September 2015, when it was trading around 150 dollars a share. In “FedEx Uptrend Far From Over”, we applied the Elliott Wave Principle to the weekly chart of FedEx and it suggested it was too early for the bulls to…
Copper’s Rally Does Not Deserve Your Trust
Copper has been making the headlines recently after it left the consolidation area it was locked in and jumped to as high as 2.4589 as of today. Usually, when people see that something is rising in price, they rush to buy it. This has never been our way of doing things. In order to put…
USDCHF Is Not The Pair to Buy Right Now
USDCHF was looking pretty good just two weeks ago, when it almost reached parity, climbing to as high as 0.9998 on October 25th. Unfortunately, the bulls must be very disappointed now, after the pair crashed to 0.9678 last Friday. The question now is how to determine if this a dip to buy or the start of…
Gold Demands More Than Just a Forecast
After plunging to $1241 a month ago, gold finally managed to reach the $1300 mark again and is currently trading slightly above it. Expecting a recovery of over $60 is not an easy task, especially after a a slump of similar size. Fortunately, to Elliott Wave analysts, “not easy” does not mean impossible. Three weeks…
A Comprehensive Nifty 50 Analysis
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…
EURCAD on the Brink of a 700+-Pip Crash
The last time we wrote about EURCAD was on May 5th, 2016, while the pair was trading around 1.4660. In “EURCAD Elliott Wave Dissection” we thought a three-wave (A)-(B)-(C) zig-zag correction was in progress, so we were expecting a decline in wave (B), followed by another rally in wave (C). The chart below is a…
Who Saw USDJPY’s Crash Coming?
Last week, the USDJPY pair opened at 102.02 and undertook an impressive rally to 104.31, before settling at 104.01 for the weekend. After such an impressive bullish run, it is quite normal to expect that the uptrend is going to continue. But since Monday, September 5th, USDJPY has been nothing more than a disappointment. The…
Ford Might Lose a Third Before It Is Worth
Ford Motor Co. shareholders were among the most miserable market participants during the crash of 2007-2009, since the stock plummeted to slightly above a dollar a share in November 2008. Fortunately, the company managed to survive and in January 2011 was already trading close to the 19-dollar mark. The problem is that Ford has been…
EURGBP: Time to Turn Bearish?
EURGBP has been in a strong and steady uptrend since November 2015, when it finally managed to leave the area between 0.6930 and 0.7100. The consecutive bottoms were needed for the bears to realize the support zone there was too strong for them to breach. Last week, the pair climbed to 0.8724. But every trend is…
EURUSD: Elliott Waves Versus Deceptive NFP Reports
The last two weeks have been exceptionally good for EURUSD so far. The pair rose from as low as 1.1045 on August 5th to 1.1322 as of yesterday, August 16th. The plunge to 1.1045 came as a result of the latest NFP report, which turned out to be very good for the dollar… at first.…
DJIA Since The Great Depression, Our View
The financial world remembers the Great Depression of 1929-1932 as the most devastating period of the 20th century. Between September 1929 and July 1932, the Dow Jones Industrial Average (DJIA) plunged nearly 90%, from as high as 386 to slightly above 40. The crisis then spread to other countries before eventually taking over the whole world. And…
Disney Ready For a Mid-Term Rally
A year ago, in August 2015, Disney stock was flying above 122 dollars a share. Yesterday’s trading session was closed slightly below 98.00. And while that is still higher than the 86.25 bottom in February 2016, Disney remains one of the beaten-down stocks of the year. Is this going to change? Should you buy the…
It Is 2007 Again for Lowe’s Investors
In February 2007 Lowe’s Companies stock was trading at almost 36 dollars a share. Two years later, in March 2009, it was down to 13.00. The Great Recession caused Lowe’s to lose 23 dollars a share, or roughly 60% of its value. However, despite the hard hit it took, the stock managed to recover and…
Bank of America Twenty Months Later
Bank of America Corp. stock closed at 14.42 yesterday. In 2015, the stock suffered a sell-off from as high as 18.42 dollars a share down to 10.94 by February, 2016. Could this slump be expected and is the current recovery going to continue? On January 8th, 2015, nearly twenty months ago, we published “Bank of…
