Dow Jones Sends a Warning Investors Can’t Ignore

The price movements of financial instruments form repetitive patterns, called Elliott waves. Experienced analysts try to recognize those patterns in order to prepare for the next market move. Sometimes, a pattern can indicate not only one, but the next two consecutive moves. The triangle pattern, for instance, is known to precede the last wave of…

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Nvidia Stock to Take a Turn for the Worse?

Nvidia shareholders have plenty to be grateful for so far in 2019. The stock is up nearly 37% since we wrote about it in January. On the third day of the new year NVDA was hovering around $136 a share following a sharp selloff from ~$293. However, the five-wave impulse pattern formed by this plunge…

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Verizon Nears a New Record. Can it Last This Time?

Verizon stock reached its all-time high twenty years ago, in October 1999. The dot-com bubble was at full swing and few questioned the validity of the bullish thesis. Stocks were supposed to never stop rising and make everyone rich. Unfortunately, the bulls gave up as soon as Verizon touched $64. Nine years later, in October…

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Masco Stock Can Lose 50% Once it Reaches $50

Masco Corp. was founded in 1929 – the year the Great Depression started. The company survived and prospered during the next 90 years and seems to be in a healthy shape in 2019. People will always need home-improvement products and Masco will probably be around for many years. However, as the prospects for the global…

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HollyFrontier Concluding a Bearish Elliott Wave Cycle

HollyFrontier Corp. is an independent petroleum refiner with a market cap of roughly $8.8 billion. The stock reached an all-time high of $83.28 a share in June 2018. By late-May 2019, it was barely able to hold above $37, losing nearly 55% in just one year. However, HFC recovered significantly in the last four months.…

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Legg Mason Looks Bullish But Needs a Pullback

Legg Mason stock fell to $23.25 during the December 2018 rout, but managed to regain its footing as 2019 began. Two weeks ago, it touched $40.27 for a year-to-date gain of 73%, not counting the dividends. But stocks don’t rise in a straight line. After a big surge in a short time it is usually…

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A Bad Elliott Wave Omen for Accenture Investors

Accenture plc is the global leader in professional services. It partners with more than 3/4 of the companies in the Fortune 500 and serves 92 of the top 100. Through its five segments – Strategy, Consulting, Digital, Technology and Operations – Accenture covers the whole spectrum of business services expertise. However, despite its leading position,…

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NVR Stock Vulnerable to a 50% Elliott Wave Correction

NVR Inc. constructs and sells single-family detached homes, townhomes and condominium buildings. NVR stock is up by ~1100% since March 2009, climbing from $310 to roughly $3700 a share. Not bad for a company operating in one of the hardest hit sectors during the Financial Crisis. However, NVR stock lost 67% between July 2005 and…

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Ulta Beauty No Longer a Wall Street Darling

Ulta Beauty ‘s phenomenal uptrend started from $4.11 in March 2009 and did not stop until $368.83 in mid-July 2019. The company’s market value grew by almost 8900% in just ten years, easily earning Ulta a Wall Street darling status. Unfortunately, Wall Street likes fast-growers only as long as they keep growing. Ulta Beauty reduced…

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Is Oil States Stock Finally Ready for a Rebound?

The last time we wrote about this relatively unknown oil services provider was over two years ago, in August 2017. Oil States stock was trading near $21.50 a share following a decline from almost $42. Yet, with the help of the Elliott Wave principle, we concluded the price can get cut in half again “to…

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Can this Elliott Wave Setup Cut Seek Stock in Half?

Seek Limited operates online platforms where jobseekers can find employment opportunities. The company is based in Australia, but also conducts business in China, India, New Zealand and Brazil, among others. Seek stock is traded on the Australian Stock Exchange under the symbol SEK. Seek stock lost over 78% during the 2007-2009 global crash, but has…

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Realty Income Pattern Sets the Stage for a 40% Drop

Realty Income Corp. is a REIT dedicated to delivering dependable monthly dividends to investors. The company owns over 5900 real estate properties and has a market value of roughly $23.5 billion. Adjusted for splits, it went public in 1994 at $8 and reached an all-time high of $76.73 two days ago. Not counting the dividends,…

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Walgreens Stock Can Add Roughly 30%

On December 4th, 2018, Walgreens stock was trading north of $86.30 a share. Yesterday, it closed at $51.43 for a total loss of 40.4% in nine months. Nine months in which the general stock market has been rallying. Walgreens Boots Alliance is a pharmacy retailer with over 18 500 stores in 11 countries. Walgreens is…

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Rapid7 Stock is Prone to Decline… Maybe Rapidly

Rapid7 stock appreciated by over 630% between February 2016 and July 2019. The price climbed from $9.05 to $66.01 in less than four years on the back of strong secular growth in the cyber security industry. However, Rapid7 hasn’t been able to capitalize on the vast opportunities in the space. The company posted annual losses…

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DAX 30 Adds to Global Recession Fears

The German DAX 30 index has been declining since early July when it reached 12 656. Last week’s news that the German economy shrank by 0.1% in the second quarter only added to global recession fears. The benchmark index of Europe’s largest economy fell to 11 266 on August 15th. Are investors’ concerns warranted? Or…

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