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April 2012 | Elliott Wave Analytics

  • Astro Technical Update: The Q1 Full Moon Cycle!
    By on April 30, 2012 | 41 Comments41 Comments  Comments
    After starting last week with a bad mood Monday, most world indices recovered, rising into this weekend’s First Quarter Moon. Those of you who have studied The Moods of The Moon chapter will realise that while, statistically, markets have a tendency to go sideways-to-down from New Moon to Ful...
  • Eurozone Retail Sales Plunge Most Since 2008
    By on April 30, 2012 | 1 Comment1 Comment  Comments
    The word of the day is plunge. Retail sales fell like a rock in Germany and fell at a record pace in France. Jobs and retail sales plunged at a record pace in Italy, and in general, did a nose-dive across the entire Eurozone German Retail Sales Plunge Into Contraction Please Consider the Markit Germ...
  • ECRI Weekly Leading Index: Growth Index Slips Again
    By on April 29, 2012 | 208 Comments208 Comments  Comments
    The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) is now at 0.6 as reported in today’s public release of the data through April 20. This is the second consecutive week-over-week decline since January 6th. However, the underlying WLI rose fractional...
  • Gold Reaches Inflection Point!
    By on April 28, 2012 | 300 Comments300 Comments  Comments
    In January gold appeared to have completed a correction when it broke above the declining tops line of a fairly steep correction, but the pullback after the breakout was far more trying than we had expected. ————————– (Excerpt from the April 2...
  • Employment Is The Real Social Security Problem!
    By on April 27, 2012 | 318 Comments318 Comments  Comments
    The Social Security Administration made an alarming announcement recently that they will exhaust their funding capability by 2033 which was several years earlier than originally projected.   According to a recent article from Reuters:  “Unless Washington politicians, who have been at war...
  • What Data Can We Trust?
    By on April 27, 2012 | 442 Comments442 Comments  Comments
    Modern investing offers the promise that investors who “do their homework” and use data more intelligently than the herd can gain a valuable edge. But what if the underlying data available to the investing public is fundamentally flawed? The federal government agencies that issue headlin...
  • Portugal Bailout: A Year On, Were You Prepared?
    By on April 27, 2012 | No Comments  Comments
    Make no mistake: The stakes for financial and economic survival in Europe are high. Seemingly everyone — from investment bloggers to financial television hosts — has something to say about the European debt crisis. But with so many divergent opinions to choose from, which ones should you...
  • U.S. Financial System: Is It Finally Stable?
    By on April 26, 2012 | 39 Comments39 Comments  Comments
    Four years after we brushed up against “financial Armageddon,” did you think you’d be reading this? Federal Reserve Chairman Ben Bernanke said…banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps...
  • S&P500 Snapshot: Apple and Fed To The Rescue!
    By on April 26, 2012 | 4 Comments4 Comments  Comments
    The Apple earnings report after the market closed yesterday put today’s markets into strong rally mode, and the Fed’s latest economic projection, released this afternoon, gave a further goose to the rally. The Fed’s 2012 GDP forecast “central tendency” range was raised ...
  • Bad News Piling On!
    By on April 25, 2012 | 1 Comment1 Comment  Comments
    Global stock markets were barraged with worries from all sides yesterday. From Asia it was that China’s economic slowdown continues. Although its PMI index ticked up in April it remained under 50 for the 6th straight month, indicating contraction.       Meanwhile 63% of Chinese c...
  • Wages and Consumption Both In Long-Term Downtrends
    By on April 24, 2012 | No Comments  Comments
    Employment, wages, income and consumption are all in long-term downtrends, and the policy of grandiose stimulus funded by debt has failed spectacularly to reverse these secular trends. Courtesy of frequent contributor Chartist Friend from Pittsburgh, here are four charts of wages, income and consum...
  • Eurozone Manufacturing PMI Hits 34 Month Low!
    By on April 24, 2012 | 397 Comments397 Comments  Comments
    Today, European data shattered two long held beliefs by Markit and in general, unthinking economists everywhere. Shattered Myths European recession would be mild Germany would continue to diverge from the rest of Europe Markit reports Eurozone sees stronger rate of decline at start of second qua...
  • Market Cracks Support: Correction Gets Serious!
    By on April 24, 2012 | 393 Comments393 Comments  Comments
    We wrote in this past weekend’s newsletter that there were two very important issues occurring as of the end of last week.  We stated: “First – we now have a SELL signal on a daily basis. This is disappointing but suggests that markets could decline more in the coming weeks ah...
  • ECB: Great White Fear Takes Bite Out of Recovery
    By on April 24, 2012 | No Comments  Comments
    It’s been over two years since the European Central Bank began its open-heart surgery of the eurozone’s anemic economy. So far, the procedure has included an unprecedented $3 trillion-plus in bailouts, monetary transfusions, AND toxic debt transplants. Yet, according to a recent slew of ...
  • Google: Apple Nemesis Delivers Robust Q1 Results
    By on April 23, 2012 | 308 Comments308 Comments  Comments
    Google posted robust 1Q results topping the consensus estimates by a wide margin – revenues increased 24% to US$10.6 billion as against US$8.6 billion in the same period, a year earlier. This was significantly higher than the consensus estimate of US$8.2 billion for the period.Revenues were in lin...
  • ECRI Weekly Leading Indicator: Growth Index Slips
    By on April 23, 2012 | No Comments  Comments
    The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) is now at 1.2 as reported in today’s public release of the data through April 13. This is the first week-over-week decline since January 6th, over three months ago. The underlying WLI contracted mor...

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