Weekly Highlights: Euro, Ripple, Illumina and Oil

Euro influenced by German coalition

The euro had a funny week (or nerve wracking, depending on how you look at it). On Monday it dropped to almost 1.19 but as of Friday’s close we’re at 1.22. What people think caused it – German coalition talks. Or was it something we managed to identify two weeks ago in this New Year’s article?…

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Illumina Stock Outperforms, Walks on Thin Ice

illumina stock elliott wave analysis

There is no question that keeping all eggs in one basket is a risky strategy to rely on in the markets. However, if investors held nothing but Illumina stock for the last two years, they would have beaten the S&P 500 by a large margin. Shares in the biotechnology company have risen by over 76%…

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4 Tips to Invest Safely in Bitcoin, Ethereum and Ripple

Invest safely in bitcoin, ethereum, ripple

Scams, hacking and cryptocurrency exchanges going bankrupt have plagued the cryptocurrency community and have spooked investors in 2017. The picture for 2018 probably won’t change too much. Many traders using our services at ewminteractive.com have been interested in trading bitcoin, ethereum, ripple and other altcoins so we decided to find out how they can protect…

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Intel’s CPU Disaster Anticipated by Elliott Wave Analysis

intel stock elliott wave analysis january 5

Intel had a great 2017, finishing the year at $46.50 a share for a total gain of 27%. 2018 did not begin very well, though. The stock just fell to as low as $42.69 yesterday, after it became clear that major security flaws found in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks.…

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AMD’s Crypto-Inspired Stock Chart Looks Promising

amd stock elliott wave analysis

The biggest profits during the gold rush of the 19th century were made by those selling picks and shovels. Similarly, graphics cards providers are currently making a killing as the crypto mania inspires a lot of people to spend big on mining equipment. As Intel stock keeps tracking the Elliott Wave path, it is time…

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Buckle Stock Declares the Retail Crisis Over

buckle stock elliott wave analysis

Most retailers must be very happy 2017 is over. It has been an extremely tough year for the sector as store closures and even bankruptcies mounted. Fast-food chains, apparel stores, specialty retailer and even grocers felt the pressure of declining mall traffic and changing customer habits. As a result, their stocks sold off, as well.…

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Freeport McMoran Suddenly Loved by Everyone

freeport mcmoran elliott wave update

Almost nine months ago, on March 31st, the share of leading copper miner Freeport McMoran was hovering around $13.30. The company’s debt load was troubling, an extended strike at their Grasberg mine was disrupting the working process and on top of that, the Indonesian government said the country wants to renegotiate the terms of its…

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Amazon Stock to Let Traders “Buy the Dip” Soon

amazon stock elliott wave analysis

It has become a habit for Amazon stock to defy gravity. The stock’s phenomenal rise makes fundamental value metrics like price to earnings or price to book seem obsolete. AMZN‘s current price of $1194 divided by last year’s profit per share of $4.90 gives the stock a trailing P/E ratio of 244. For your information,…

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WW Grainger Bulls Need to Relax a Little

ww grainger elliott wave analysis

Shareholders of WW Grainger, an Illinois-based Fortune 500 industrial supply company, did not particularly enjoy the last four years. The stock reached an all-time high of $276 per share in September, 2013, but fell below $165 by late-August, 2017 for a 40% decline in less than 4 years. The last four months tell a different…

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Bitcoin is Not a Bubble, Because… Oh, Really?

bitcoin bubble or not

Bitcoin is everywhere you look these days. From bank officials, to hedge fund managers, to IT specialists, people with different professions, level of education, interests and investing experience are talking about Bitcoin. And who can blame them – the virtual currency is conquering milestone after milestone, climbing from $8000 to over $11 000 in just…

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Vestas Wind Systems Facing Elliott Wave Headwinds

vestas wind systems elliott wave analysis update

Four months ago, the stock of Vestas Wind Systems, the world’s biggest wind turbine manufacturer, was hovering above $95 a share, climbing to heights not seen since September, 2008. The world is slowly but surely switching to green energy. In addition, the company’s new CEO was doing a great job since his arrival in 2013,…

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Intel Stock Keeps Its Elliott Wave Promise

intel stock elliott wave analysis november 13

Not too long ago, on August 10th, Intel stock was trading around $36.60 per share. The price was in recovery mode, following a decline from $38.45 to $33.25. By November 3rd, it reached $47.29 for a 29.2% return in less than three months. According to analysts covering the company, the reason for this phenomenal surge…

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Ingersoll-Rand: A Dangerous Dip to Buy

ingersoll-rand elliott wave analysis

In less than two years, Ingersoll-Rand’s stock more than doubled. The price was down to $47.08 in January, 2016. On October 24th, 2017, it touched $96.23 for a total return of 104.3%, not counting the dividends. Anyone, who managed to catch this rally from the start is probably very pleased with the result. The problem…

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Waddell and Reed’s Woes Not Over Yet

waddell reed elliott wave analysis

As stock market averages continue to rise, people have started to wonder why do they need to pay someone to manage their money, if they could achieve a satisfactory return just by buying and ETF tracking the S&P 500, for example. As a result, money has been pouring out of hedge funds at a record…

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DJIA: Extended Fifth Wave In Progress

djia elliott wave analysis

The last time we wrote about the DJIA was in December, 2016. The most important benchmark index was approaching  19 800, in our opinion “transforming optimism into mania”. However, the Elliott Wave Principle suggested the bulls were about to go even higher. The 22 000 mark looked like a reasonable target, despite the fact that…

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