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October 2011 | Elliott Wave Analytics

  • Large Speculator Positions: Deadly Divergences Grow
    By on October 31, 2011 | No Comments  Comments
    As previously stated the Commitment Of Trader’s Report is a wealth of information as it discloses long and short positions across the entire futures and commodity complex. I want to share with you some aggregated data on one specific group, non-commercial which represents hedge funds, banks, anyon...
  • Technical Update: The Real Mega-Bears.
    By on October 31, 2011 | 44 Comments44 Comments  Comments
    It’s time again for the weekend update of our “Real” Mega-Bears, an inflation-adjusted overlay of three secular bear markets. It aligns the current S&P 500 from the top of the Tech Bubble in March 2000, the Dow in of 1929, and the Nikkei 225 from its 1989 bubble high. The chart...
  • A Macro View Of The Week Ahead.
    By on October 31, 2011 | 60 Comments60 Comments  Comments
    It’s only fitting that on Halloween we discuss a rather scary proposition. On Wednesday evening European leaders announced a “plan” details will come “later” to expand the aid to those in need. In lieu of physical capital which doesn’t seem to exist somehow these magicians will take noth...
  • European Summit: The Plan With No Detail.
    By on October 31, 2011 | 40 Comments40 Comments  Comments
    Where is the peace dividend that was supposed to come after the end of the Cold War? Where are the fruits of the amazing gains in efficiency that technology has afforded? It has been eaten by the bureaucracy that manages our every move on this earth. The voracious and insatiable monster here is call...
  • Video: Shocking Truth Of The ESM Debt Treaty!
    By on October 30, 2011 | No Comments  Comments
    Inquiring minds are interested in the terms of the European Stability Mechanism (ESM) accord scheduled to replace the EFSF. The following video highlights the key sections of the proposed treaty. Link if video does not play: Treaty of debt (ESM) – stop it now! There are comments on The Tel...
  • Summers: Absurd Comment of the Week.
    By on October 30, 2011 | No Comments  Comments
    The absurd comment of the week goes to Larry Summers for his statements on the irony of the financial crisis. The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence,...
  • Chanos: China Slowdown Only Just The Beginning…
    By on October 30, 2011 | 344 Comments344 Comments  Comments
    Jim Chanos says the China slowdown has just begun.   There is not much new in the video actually. I just happen to think he is correct. The link came in an email I played while stuck in an airport on a plane delay back to Chicago. URL if video does not play: http://www.macrobusiness.com.au/20...
  • Recession: A Window Of Opportunity.
    By on October 30, 2011 | 49 Comments49 Comments  Comments
    Last year when the Economic Cycle Research Institute’s (ECRI) widely followed Weekly Leading Index (WLI) growth rate fell deep into negative territory, fears of a double-dip recession in the U.S. went rampant. The stock market sold off and investors raised cash significantly. However, during th...
  • The Buy Signal Is In.
    By on October 29, 2011 | 336 Comments336 Comments  Comments
    Regardless of what you believe you are NOT an investor in the stock market.  You are a “speculator” in the markets by effectively “betting” money today on a series of choices that you will hopefully be able to “cash in” at some future date at a higher pr...
  • In Defense Of The 1%.
    By on October 29, 2011 | No Comments  Comments
    Last week, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said “I Am The 1%, Let’s Talk.” The purpose was to understand what was motivating these protesters and try to educate them about what cau...
  • United States On The Cusp Of Full-Blown Recession?
    By on October 29, 2011 | No Comments  Comments
    The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -10.0 in its latest reading, data through October 21, a fractionally change from the previous week’s -10.1. On September 30th, the ECRI publicly announced that the U.S. is tipping into a rece...
  • Forget Europe: Epic China Property Bubble Has Burst!
    By on October 28, 2011 | 65 Comments65 Comments  Comments
    The property bubble in China has finally burst. Denial has turned to anger as Shanghai Homeowners Smash Showroom in Protest Over Falling Prices A group of around 400 homeowners in Shanghai demonstrated publicly and damaged a showroom operated by their property developer after the company said it cu...
  • Credit Default Swaps: Not Worth The Paper They’...
    By on October 28, 2011 | 45 Comments45 Comments  Comments
    As a result of labeling 50% haircuts “voluntary”, Credit Default Swap contracts have proven to be useless when it comes to protecting against sovereign default. The serious implication is investors will need to find another way to hedge. Bloomberg reports Greece Default Swaps Failure to...
  • A Haircut, Boost and Drop!
    By on October 28, 2011 | 40 Comments40 Comments  Comments
    The markets are up strongly this morning on news that Greece has agreed to a 50% haircut on their debt, GDP ticked up from 1.3% in the second quarter to 2.5% in the 3rd (first estimate) and jobless claims dropped by 2000 this week as last weeks number, as usual was revised higher. GDP Let’s st...
  • Technical Update: Thursday Market Review
    By on October 28, 2011 | 45 Comments45 Comments  Comments
    On May 19, 2008 the SPX completed an 8 week 13.3% rally after news that Bear Stearns would be purchased by JPM. After a slow grind up with plenty of back and filling markets came to the 200MA, pierced intraday and then failed. At that point few would expect a close above the 200MA on the first try. ...
  • How To Make Yourself A Better Trader.
    By on October 28, 2011 | No Comments  Comments
    The idea of being a successful trader is exciting. The reality of becoming one is another thing. You need to understand more than the markets — you need to understand yourself. EWI’s Senior Analyst Jeffrey Kennedy knows what it takes. He has analyzed and traded the markets for over ...

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