DAX 30 Plunges to 12 700. What’s Next?

It has been a bad week for the German DAX 30. The benchmark index saw its worst weekly selloff in over two years after it plunged from 13 387 to 12 700 for a total loss of 5.1%. The crash seems a bit surprising to economists, who expected the stock market’s rally to continue on…

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USDTRY in a Corrective Pullback Within Uptrend

It has been 10 years since USDTRY bottomed at 1.1488 in January 2008 and started an uptrend that is still in progress. In late November 2017, the exchange rate climbed to as high as 3.9826, but then retreated to 3.7560 as of this writing. A lot of things happened during those 10 years. The world…

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USDMXN and the Market’s Fractal Nature in Practice

January will be a month to forget for U.S. dollar bulls, who saw the greenback falling sharply against most major rivals. USDMXN is no exception as the pair is down by over 4.7% since the beginning of 2018. On December 26th, 2017, the dollar was hovering around 19.90 against the Mexican Peso. A month later,…

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DAX 30 Elliott Wave Pattern Puts 12 700 In Danger

The German DAX 30 benchmark index did not perform as impressive in 2017 as its U.S. alternative – the Dow Jones Industrial Average – but it still managed to add 11.9% last year. At one point in November, the index was actually up by 18.2%, when it touched an all-time high of 13 535. This…

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BAC Stock is Everyone’s Favorite Now

Bank of America Corp. had an incredible 2017. Shareholders saw BAC stock rise by as much as 36% on the back of strong revenue and earnings growth. This, in turn, led to even higher expectations for the next couple of years with analysts predicting EPS of $2.40 in 2018 and $3 in 2019. In short,…

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Weekly Highlights: Euro, Ripple, Illumina and Oil

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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EURUSD Weeks Ahead of the German Coalition Talks

It has been a wild week for EURUSD. The pair opened at 1.2027 on Monday, but quickly fell by over 100 pips to 1.1916 on Tuesday, only to resume its rally and reach a new three-year high of 1.2134 as of this writing. The last time the pair traded above the 1.2100 mark was in…

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Illumina Stock Outperforms, Walks on Thin Ice

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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Ripple’s Rally Still Has Room to Run

Ripple, the only major cryptocurrency that is centralized, briefly became the second largest after Bitcoin, after its price rose from below 20 cents a coin on December 8th, 2017, to over $3.31 by January 4th, 2018. As of this writing, it has been surpassed by Ethereum again, but it still maintains a total market capitalization…

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Intel’s CPU Disaster Anticipated by Elliott Wave Analysis

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

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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Dash Intraday Pattern Points South

Similarly to most other cryptocurrencies, Dash had an amazing 2017, climbing to as high as $1569 in December. However, the second half of last month was not that good, after DSHUSD fell by nearly 49% to $801 per coin by December 22nd and still has not been able to fully recover. As the tenth largest…

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EURUSD Starts 2018 On a Tear. Surprised?

2017 has been a great year for EURUSD bulls. During the last twelve months, the pair climbed from as low as 1.0340 to almost 1.2100 and managed to finish the year above the 1.20 mark for the first time since 2014. It was not a sure shot, though, especially during the mid-December dip to below…

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Crude Oil Finally Reaches the $60 Mark

As WTI crude oil approaches the $60 mark, we could conclude that it was not a smooth ride at all. The price has been wandering between $55 and $59 for nearly two months until it finally broke out of this range to reach levels not seen since late-June, 2015. A month ago the price surpassed…

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Buckle Stock Declares the Retail Crisis Over

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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