NASDAQ Bulls’ Resiliency has its Limitations

The NASDAQ 100 index closed at a new all-time high of 7826 last week, powered by strong Q1 earnings reports by Amazon and Microsoft, among others. The index is up by 650% from its 2009 low and by 884% since the bottom of the dot-com crash in October 2002. Looking at than phenomenal growth, one…

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NASDAQ’s Ascent Spoiled by Gravity?

Less then three months ago, while it was hovering around 6360, we published an ARTICLE about the NASDAQ Composite, saying that “6500 is still on the table“, but a decline to at least 6100 should first be expected. Here is the Elliott Wave analysis this prediction was based on. The reason we were expecting a…

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Nasdaq to Take a Rest Before the Final Push

We wrote about the Nasdaq Composite on March 8th. While the index was trading near 5830 its weekly chart suggested the bulls should be able to lift the price to around 6500. Last week, 6461 was reached, so it is time to take a closer look and see what is left of this uptrend. Not…

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Nasdaq 6500 Within Bulls’ Grasp

Nasdaq’s early short sellers might come up short. Last week, the Nasdaq Composite index climbed to 5912, so if you are getting ready for the 6000 mark soon, you are probably not alone. Like the other two major U.S. stock market indices, the Nasdaq bottomed out in March, 2009, and has been rallying ever since. Its…

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GoPro to return even stronger?

GoPro made its IPO on June 25th, 2014. Investors obviously liked it, because less than four months later GoPro soared to as high as 98.40. However, the bulls were unable to keep their momentum and prices began a sharp decline. One GoPro share costs less than $65 today. These figures alone cannot tell us more…

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NASDAQ 100, strong resistance at 4000

The NASDAQ 100 non-financial stock market index has been in a strong uptrend since November 2008, when it bottomed near the 1000 mark. Now, more than five years later, it is approaching 4000. And while everyone is wondering what is left of this bull market, the Elliott Wave Principle can give us a hint of whether…

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NASDAQ and S&P – a warning for investors

Since the beginning of 2009, when all major US indices bottomed, the S&P 500 and Dow Jones have been trending to new record highs. Dow Jones, NASDAQ and S&P 500 have been recovering in corrective fashion. In this article we are going to take a look at NASDAQ 100 and S&P 500, order to see…

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