Logo Background RSS

Advertisement

June 2012 | Page 2 of 5 | Elliott Wave Analytics

  • What Housing Recovery?
    By on June 21, 2012 | No Comments  Comments
    The real-world foundations of housing–income, debt levels, housing formation and jobs–are all weak or declining. How can housing “recover” if its foundations are crumbling? The real estate industry announces the housing recovery is finally underway every year.2012 is no diffe...
  • No QE As Expected, But Twist Extended…
    By on June 21, 2012 | No Comments  Comments
    Yesterday we stated that the Fed would not launch QE 3 today – “For the Fed there is no impetus for launching a QE program at the current time — the market has priced in the bulk of whatever effect it may have had. Furthermore, as stated by Bernanke himself, the diminishing return...
  • Market Hopes Still Alive!
    By on June 20, 2012 | No Comments  Comments
    The market optimism two weeks ago, when Spain’s banks received the hoped-for bailout, lasted less than a day before it was realized that Spain’s government debt was an even more serious problem than its banks’ lack of capital, and the yield on Spain’s government bonds shot up. But markets s...
  • No QE3 Tomorrow?
    By on June 20, 2012 | No Comments  Comments
    As the days and weeks unfold the similarities to the summer of 2011 continue to unfold. In June 6th post “Forecasting The Rebound and Bottom” we stated then: “In each of the past two summers the market has experienced an initial very sharp decline which took the markets from ...
  • Microsoft: Should Apple Investors Look Out Below?
    By on June 20, 2012 | No Comments  Comments
    The first four articles of my mobile computing series from 2010, The Creatively Destructive Pace of Technology Innovation and the Paradigm Shift known as the Mobile Computing Wars! illustrated the responses and tactics (as I saw them) of the 3 front runners for mobile computing dominance – M...
  • Morgan Stanley: The Riskiest Bank On The Street?
    By on June 19, 2012 | No Comments  Comments
    On February 10, 2008, I created an extensive blog post, explicitly labeling Morgan Stanley as “The Riskiest Bank on the Street!” To my knowledge, I was the only one to make such a blatant accusation. Of course, months later Morgan Stanley and all of its brethren started collapsing. Many...
  • Recession: ECRI Growth Index Continues Descent…
    By on June 18, 2012 | No Comments  Comments
    The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) rose fractionally to 121.9 from last week’s 121.3 (a downward revision from 122.3). See the chart below. However, the WLI growth indicator (WLIg) slipped, now at -3.0 as reported in Friday’s public release ...
  • As Global Growth Slows, Stimulus Needs Rise!
    By on June 18, 2012 | No Comments  Comments
    Up until recently the U.S. was one of the few economies to show acceleration while the rest of the world was applying the breaks. Now, with job growth and manufacturing activity in the U.S. slowing markedly over the past two months, no economy appears to have escaped the slowdown. This is the type o...
  • Greece, the S&P500 and 22 New Portfolio Position...
    By on June 18, 2012 | No Comments  Comments
    US markets rallied sharply to close out the week as we headed into the Greek elections, which according to what we have all relentlessly been told, will decide the future of the world – hard to believe, but apparently true?. And as we wake up on Monday, we all must certainly be surprised to se...
  • Best Stock Market Indicator Ever Mixed?!
    By on June 18, 2012 | No Comments  Comments
    The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com that can be used to forecast conservative entry and exit points for the stock market. The OEXA is used to find the “sweet spot” time period in the market when yo...
  • Markets and Governments Are Rolling The Dice!
    By on June 18, 2012 | No Comments  Comments
    Global markets had been plunging since March on worries about the dangerous Eurozone debt and banking crisis and its threat to global economies. But over the last two weeks they’ve been rallying quite impressively, even as the crisis in Europe has taken another frightening turn for the worse, and ...
  • Cheap Gold Stocks 3
    By on June 17, 2012 | No Comments  Comments
    Gold stocks have recovered sharply following last month’s panic-like capitulation plunge.  But this embattled sector still remains incredibly cheap relative to prevailing gold levels, which drive gold miners’ profits and hence ultimately their stock prices.  While it is very challenging psycho...
  • Astro-Technical Update: Countdown To The Big Bang!
    By on June 16, 2012 | No Comments  Comments
    You’ve got to love Geminis – they always have two answers for everything. Perhaps it’s the Scorpio in me which holds the view both answers are usually … wrong. We saw it at work last week, especially Friday, when American traders apparently decided Greek voters would accept a...
  • S&P500: Elliott Wave Forecasts, Simplified
    By on June 16, 2012 | No Comments  Comments
    Here’s what Elliott wave analysis is all about: You study charts to find non-overlapping 5-wave moves (trend-defining) from overlapping 3-wave ones (corrective, counter-trend). With that in mind, please take a look at this chart of the S&P 500, which our U.S. Intraday Stocks Specialty Serv...
  • Mixed Signals
    By on June 16, 2012 | No Comments  Comments
    I have been expecting another short decline to finish out the right shoulders of a reverse head and shoulders pattern, but once again the Mr. Market said: “Expect whatever you like. I don’t care.” ————————– (Excerpt from the Ju...
  • Europe: Are There Rabbits Left In The Hat?
    By on June 15, 2012 | No Comments  Comments
    Inquiring minds are poring over the ESM Treaty to see how it is supposed to work in theory, assuming it will be ratified by counties with the required 90% of EMU voting rights. Given that Spain is supposed to get €100 billion from the ESM, some might be surprised to learn ESM Still Not Ratifie...

Advertisement