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Pfizer a Buy? It Was Over Four Months Ago

Pfizer Inc. stock closed last week at new multi-year highs near 36.71 dollars a share, breaching the previous top of 36.43. Such breakouts could deceive most people to think that just because a stock is obviously in an uptrend, it is a good time to buy it. But in the market environment , obvious things…

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Crude Oil: A Vital Alternative Count

Crude Oil was timidly trying to recover in the beginning of March, after falling to as low as 26.03 a month earlier. Just 3 months later, in June, it nearly doubled, reaching the vicinity of 51.60 dollars a barrel. Most bears were probably feeling too enthusiastic about the downtrend, which has been in progress for about two…

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Brexit or Not, EURUSD Follows Elliott Wave

Britain voted to leave the European Union, causing the dollar to skyrocket against all major currencies. One of Brexit’s victims in the forex market was EURUSD, which plummeted by more than 500 pips – from 1.1427 to 1.0911 – in less than 8 hours. To most people, Britain’s referendum results are quite shocking. We admit that Brexit…

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GBPJPY Ready to Break the Consolidation?

GBPJPY has been moving sideways between 151.65 and 164.10 for more than three months now, which has probably made trading this pair extremely difficult. Just when you thought you finally know where GBPJPY was going, it decides to change its direction again. The best way to trade in such a directionless environment is to not trade at all…

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S&P 500 Multi-Chart Elliott Wave Analysis

The S&P 500 had its worst week since the middle of February. Last week the index managed to reach 2100, which gave hope to the bullish majority, but eventually fell sharply to 2051 on Friday, April 29th. Most market participants are searching for “the Holy Grail” of forecasting methods, in order to be able to…

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Is Doha to Blame for Oil’s Violent Swings?

The world was hoping that the biggest oil producers were going to reach an agreement to freeze output during their meeting in Doha on Sunday, April 17th. They did not, since Saudi Arabia insisted on all OPEC members taking part in the agreement. When the oil market opened with a huge bearish gap on Monday,…

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Elliott Wave Reasoning in S&P 500

It was not the best start of a week for the S&P 500. The index opened with a bearish gap and continued a little further to the south, before finding support near 2064.50 and resuming the uptrend. And while the Doha oil talks failure can be used by mainstream media to explain the S&P 500’s…

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What is Left of Yahoo’s Recovery?

Yahoo! Inc. is ready sell its assets with Verizon Communications and YP Holdings among the candidates willing to acquire Marissa Mayer’s company’s core business. Mayer agreed on selling Yahoo’s properties after pressure from Starboard Value. But you can read all that in every financial website, so are we bothering you with it? Because all of these…

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Predicting the Ups and Downs in S&P 500

Last week was very disappointing for the S&P 500 bulls with the index falling from 2079 to 2033. And just when the bears thought they were in control, the market found a way to break their hearts too by rallying back up to 2083 so far. The markets are notoriously known for changing direction, when traders least…

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Decoding EURUSD With Elliott Wave

EURUSD initially fell to 1.1326 last week, but then managed to return stronger and climb to 1.1453. There has been plenty of news during the last five trading days. From U.S. trade balance, through services ISM reports and FOMC minutes to initial jobless claims, mainstream analysts have been quite busy with trying to interpret all these pieces…

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Elliott Wave Strikes Again in S&P 500

The S&P 500 closed slightly below 2073 last Friday, April 1st, to end a week, during which the bulls managed to add another new high to the uptrend, which started from 1807 back in February. So, at first glance, all the evidence was suggesting more strength could be expected this week. The problem is that in trading,…

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EURAUD to the Target and Beyond

It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of the two extremes – 1.4465 or 1.5085 – was more likely to be broken first by EURAUD. As usual, we decided to trust the Elliott Wave Principle and apply it to the price…

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EURAUD Could be Aiming at 1.51

The EURAUD pair has been in a downtrend for a month since February 11th. Then, on March 10th, the bulls woke up with a bang and lifted the exchange rate from 1.4465 to 1.5085 in just five hours. Today, EURAUD fell to as low as 1.4662, before climbing above 1.4850 so far. Which of the two…

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EURGBP Strength Could Be Deceptive

ECB’s policy decision produced fireworks in EURGBP on Thursday. The pair initially fell to 0.7651, but then rose sharply to 0.7848. Trouble is, this gives us no clue about what to expect from the pair next. Is it a “buy” or a “sell”? Fortunately, the Elliott Wave principle eliminates the “flip a coin” approach, by…

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Citigroup Remains Under Pressure

Citigroup Inc. stock climbed to 60.90 on July 23rd, 2015, but investors who bought near that level are probably banging their heads. Prices have been steadily declining ever since, falling to as low as 34.49 on February 11th, 2016. Currently at 41.11, we are wondering if the slump is over and is it safe to…

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