Silver prices spent the last year and a half locked between $19 and $15.19, unable to choose a direction and leave this range. The precious metal is still in its boundaries, currently trading around $17.28, but from an Elliott Wave point of view it looks like we are finally going to see a breakout. Bullish…
Fibonacci Support Sends Nifty 50 to New High
In our last article about the Indian Nifty 50 index, published on May 19th, 2017, we shared an opinion that the price “is probably going to reach the 10 000 mark from now on. Maybe even 10 500.” Eleven months later, the Nifty 50 is trading near 10 550 after reaching 11 171 in late-January,…
WPP Stock Bulls Ready to Fight Back
On July 10, 2017, WPP stock was trading above $101 a share on the New York Stock Exchange, down from its all-time high of $123.33 reached in May, 2015. Despite being down 17.9% already, the Elliott Wave Principle suggested the stock is likely to “lose 30% from current levels”, so we wrote an article to…
Canadian National Railway Afraid of NAFTA Breakup?
President Donald Trump has repeatedly criticized the North American Free Trade Agreement between Mexico, the United States and Canada. The White House recently announced that the deal would need to be renegotiated to include better terms for the U.S. What that means exactly remains to be seen, hopefully within the next two weeks, but given…
McDonalds Stock to Conquer 180 a Share
Despite declining revenues in the last several years, McDonalds’ profits are still on the rise. The company’s stock was also climbing until late-January 2018, when it reached an all-time high of $178.68. But instead of going for the $180 mark, the bulls could not maintain the positive momentum. A little over a month later, MCD…
Foot Locker’s Death Greatly Exaggerated
In about six short months between May and November 2017, Foot Locker lost over 63% of its market capitalization. The retail crisis did not spare FL stock, which crashed from $77.71 on May 10th to $28.42 by November 8th last year, following misses in earnings and revenue in the first two quarters of fiscal 2018.…
Trading Diary: Why You Need One
The ability to learn from one’s mistakes is a valued asset in all parts of life. But it’s especially true when it comes to money. Investing is all about money and having a trading diary, regardless if you’re a day trader, or focused on the long term, is a must. Having a record of what…
Amgen Stock in Trouble, Despite Strong Results
Amgen Inc. (NASDAQ:AMGN) reported its full year 2017 results on February 1st. On a non-GAAP basis, the California-based biotech giant earned $12.58 per share, an 8% increase from 2016. But instead of celebrating another year of strong business performance, investors punished Amgen stock, which fell from an all-time high of $201.22 to $168.45 between January…
Buckle Stock Looks Bullish Ahead of Earnings
2017 was drawing to a close when we wrote an article about this relatively unknown apparel retailer on December 28th. The Buckle stock (NYSE:BKE) was trading near $24.50 after a four-month rally from as low as $13.60. But instead of falling in love with the recovery and joining the bulls, we decided to listen to…
Moving Averages: Learning the Basics
Moving Averages are loved by both small traders with several hundred in their accounts and analysts at banks and hedge funds performing technical analysis. Why is that? The idea behind them is that they eliminate noise and short-term distractions from the larger trend. That’s why they’re defined as a lagging indicator, following trends and showing…
Interpublic, Omnicom to Make Hedge Funds Happy
Facebook and Google are disrupting the advertising business in a way most companies in the industry never thought possible. To make things worse, large consumer companies such as Procter & Gamble and Kraft Heinz have reduced their marketing spending. As a result, traditional advertising companies face slowing revenue growth and uncertain future. Just what hedge…
Disney Stock to Finally Escape from Its Prison
Walt Disney stock reached its all-time high of $122.08 on August 4th, 2015, and has been a one of the most boring stocks in the market ever since. The share price has been lingering between $122 and $86 for almost three years now. The last time we wrote about it, Disney stock was trading slightly…
Nikkei Bears Only Getting Warmed Up
The last time we wrote about the Japanese Nikkei 225 index (NKY) was October 18th, 2017. While the price was hovering around 21 360, the weekly chart of the benchmark allowed us to recognize a worrisome Elliott Wave pattern, suggesting the bulls should be able “to reach 23 000 or maybe even 24 000“, but…
Hibbett Stock Confirms Uptrend But Needs a Rest
The share price of Hibbett Sports Inc. (NASDAQ:HIBB), a relatively small sporting goods retailer with just over 1000 stores in the United States, fell to as low as $9.40 in mid-August, 2017. During the next six months, however, the stock climbed to as high as $26.25 a share for a total return of 179%. Given…
CAC 40 Poised to Recover After Selloff
The recent market selloff spared no-one. Investors were reminded what fear was after stocks plunged sharply all around the globe. From the Dow Jones Industrial Average to the German DAX 30 and even in China, major benchmark indices suffered their biggest declines in years. Needless to say, French stocks tumbled, as well. The French CAC 40…
