Insurance vs Irma: And The Winner Is…

insurance etf elliott wave analysis

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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JNJ Stock Bulls to Call a 15% Timeout?

jnj stock elliott wave analysis

Johnson & Johnson is a global medical, pharmaceutical and consumer goods manufacturer, founded in 1886. The company’s stock, listed on the New York Stock Exchange under the symbol JNJ, is a component in the S&P 500 as well as in the Dow Jones Industrial Average index. This is a blue chip company with a long…

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Oil States Stock Getting Cut in Half Again?

oil states stock elliott wave analysis

Eight month ago, we stumbled upon the daily chart of Oil States stock and immediately recognized a dangerous situation. A few days before New Year, while OIS was trading close to $40 a share, the Elliott Wave Principle warned us that “the bears are supposed to take the wheel again“, since there was a “Textbook…

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Advance Auto Parts to Triple From Current Levels

advance auto parts elliott wave analysis

It has been a rough week for Advance Auto Parts shareholders. The stock closed at $109.32 on Monday, only to crash to as low as $82.21 on Tuesday for its biggest one-day drop ever, after the company announced weak results and provided a grim sales outlook. What makes things even worse is the fact that…

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Apple’s High Price Makes It a Risky Bet

apple stock elliott wave analysis

In May 2016, Apple stock fell slightly below the $90 mark. Yesterday, August 15th, 2017, shares climbed as high as $162.20 for a total gain of 81.2% in just 15 months. One of Apple’s largest shareholders, Warren Buffett’s Berkshire Hathaway, took a huge advantage of this surge by buying AAPL shares when they were priced…

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Intel on the Verge of Something Big

intel stock elliott wave analysis weekly

“Another decline at least to the support area near $34 – $33 might be underway.”  That is what the Elliott Wave Principle suggested about the share price of Intel Corp. back on January 31st. While the stock was trading at $37.40 over six months ago, we published an article to show you the following chart.…

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Berkshire’s Double Divergence Spells Trouble

berkshire elliott wave analysis monthly chart

Berkshire Hathaway’s shareholders are not like the owners of other public companies. By following Warren Buffett’s long-term approach, most of them stay with the company in good times and bad, regardless of what the market is doing with the price of the stock. Nevertheless, it pays to be prepared. The last time we wrote about…

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Do Not Write Hibbett Sports Off Just Yet

hibbett stock analysis

Hibbett Sports stock was trading above $68 per share for a while in December, 2013. Today, less than four years later, you could buy in for under $16. At one point last week, Hibbett was down by 81% from its all-time high. Such a severe crash could fill with doubts even the most devoted of…

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DAX Bulls Not Ready to Give Up

dax elliott wave analysis july 27

Two months ago we published “DAX 30: Time to be Careful Now” to tell investors, who by definition are long-term oriented, that the German benchmark index is approaching the end of the post-2009 uptrend and might soon reverse for a major correction to the south. Traders, on the other hand, are more focused on what…

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What’s Next After Bitcoin’s Scary Dip and Sharp Bounce

bitcoin index elliott wave analysis

It has been twelve strange days since our last update, titled “Bitcoin Traders Running for the Hills Already?” Strange, because of what happened to the price of the cryptocurrency during that time. But let’s take a look at the Elliott Wave chart we published on July 12th, while BTCUSD was trading near $2330 and see…

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Winds Might Change for Vestas Wind Systems

Vestas Wind Systems is the world’s largest wind turbine manufacturer. The company has installed almost 60 000 wind turbines in 76 countries around the globe. Last year’s record breaking revenue of 10.2 billion euro helped the stock gain enough inertia to give Vestas Wind Systems a market cap of $19.2 billion as of this writing.…

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Stay Worried About Tesla Stock

tesla elliott wave analysis

Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company…

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WPP Stock to Lose 30% from Current Levels

wpp stock elliott wave analysis

Like many others, communications services provider WPP Plc stock rebounded handsomely from its Financial crisis bottom at $22.35 a share in late-2008. By May 2015, the bulls had already lifted the price above the $120 mark. The problem is that unlike many other stocks, WPP’s went exactly nowhere during the past two years, locked in the…

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Verizon: The Worst DJIA Stock of 2017

verizon elliott wave count 3

According to a report by Yahoo, Verizon stock is the worst performer among the 30 stocks within the Dow Jones Industrial Average so far in 2017, after the share price of the telecom giant is down by over 18.5% this year. And indeed, Verizon finished 2016 close to $53.40 a share. Last week, it fell to…

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Nordstrom’s Woes Not Over Yet

nordstrom elliott wave analysis

Nordstrom Inc. is one of the largest fashion retailers in the United States and Canada, operating 354 stores in total. The company was founded in 1901 in Seattle, Washington. In this respect, Nordstrom has seen everything the retail industry and the economy as a whole could offer. It survived both world wars, the Great Depression, the…

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