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April 2013 | Elliott Wave Analytics

  • Big Four Economic Indicators: What Are They Saying?
    By on April 30, 2013 | No Comments  Comments
    Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a gene...
  • Free Preview: Robert Prechter’s Urgent New R...
    By on April 30, 2013 | No Comments  Comments
    On Tuesday afternoon (April 23), Robert Prechter, a famed market technician known for calling the roaring bull market of the ’80s, the 1987 crash and the March 2009 stock market low, published an urgent new issue of his Elliott Wave Theorist. This issue is so powerful — and so urgent &#...
  • PCE Price Index Update: Disinflation Trend Continues
    By on April 30, 2013 | No Comments  Comments
    The April Personal Income and Outlays report for March was published today by the Bureau of Economic Analysis. The latest Headline PCE price index year-over-year (YoY) rate of 0.97% is a decrease from last month’s adjusted 1.34%. The Core PCE index of 1.13% is decrease from the previous mont...
  • China: The Feedback Loop Of Economic Growth
    By on April 30, 2013 | No Comments  Comments
    Early this month Martin Wolf had another of his very interesting articles, this time on China, which I think suggests some of the concerns we must have about the upcoming adjustment. Wolf argues that it may be useful to think about Japan as a model for understanding the adjustment process in Chi...
  • The Cashless Society
    By on April 30, 2013 | No Comments  Comments
    It is a common trope in science fiction novels. Economic transactions are handled seamlessly with a wave of a card or a physically imbedded chip, and whatever the author imagines money to be is transferred, far removed from the archaic confines of ancient physical monies. If you Google “cashle...
  • New Update: Best Stock Market Indicator Ever?
    By on April 30, 2013 | No Comments  Comments
    The $OEXA200R Monthly (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the “sweet spot” time period in the market when you have the best chance of making money. See Is This the Best Stock Market Indicator Eve...
  • Commodities Still Point To Economic Downturn!
    By on April 29, 2013 | No Comments  Comments
    As I noted in a post a number of weeks ago, declining commodity prices usually indicate demand for goods is dropping and the economy is in trouble. There has been only further deterioration in commodity prices in the weeks since. I won’t mention 2008 when everything collapsed. But in the summer o...
  • First-Quarter GDP: Way Worse Than It Looks
    By on April 29, 2013 | No Comments  Comments
    First-quarter GDP came in at an annualized rate of 2.5% last week, which is not terrible as growth goes these days (Japan and most of the Eurozone countries would love to be doing that well). But dig a little deeper and the picture gets darker. Here’s a summary from the Consumer Metrics Institute...
  • Gold-Stock Panic Levels
    By on April 29, 2013 | No Comments  Comments
    Gold stocks have to be the most despised sector in all the markets.  Mainstreamers barely even know they exist, while even the vast majority of so-called contrarians scorn them.  The sheer contempt for this sector is amazing considering gold stocks were almost certainly the best-performing sector ...
  • Top 3 Technical Tools Part 1: Japanese Candlesticks
    By on April 29, 2013 | No Comments  Comments
      “I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and for taking a trade; making a trading decision.” -Jeffrey Kennedy I recently asked Elliott Wave Int...
  • Q1, 2013 GDP Estimate2.5%. Q4, 2012 Below Expectation...
    By on April 29, 2013 | No Comments  Comments
    The Advance Estimate for Q1 GDP came in at 2.5 percent, a substantial improvement from the 0.4 percent in Q4 2012 although a bit below mainstream forecasts. The latest WSJ survey of economists had a consensus of 3.1 percent. Here is an excerpt from the Bureau of Economic Analysis news release: Rea...
  • Economic Data Next Week Most Critical In Months!
    By on April 28, 2013 | No Comments  Comments
    The market has been engaged in a balancing act for six weeks now between being made optimistic by 1st quarter earnings that are mostly beating Wall Street’s estimates, and concerns about 1stquarter economic reports that are consistently worse than forecasts and indicate the economic recovery is s...
  • Start Of Unfavorable Market Seasonality Very Close!
    By on April 28, 2013 | No Comments  Comments
    Next Wednesday, May 1, begins a six-month period of unfavorable seasonality, of which we are commonly reminded by the saying “Sell in May and go away.” Research published by Yale Hirsch in the Trader’s Almanac shows that the market year is broken into two six-month seasonality p...
  • Top 3 Technical Tools Part 2: Relative Strength Index...
    By on April 28, 2013 | No Comments  Comments
      “There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades.” -Jeffrey Kennedy Trader and technical analyst Jeffrey Kennedy has more than 25 years of experie...
  • Astro-Technical Market Update: 4 Stages Of The Apocal...
    By on April 21, 2013 | No Comments  Comments
    Nerves of steel will be required over the next couple of weeks as four market-moving aspects take control of the markets. Despite the shift from fiery Aries into earthy and stable Taurus by the Sun, Venus and Mars, fast and volatile moves in different directions are likely. I’ll show you the h...
  • Gold Panic !?!
    By on April 21, 2013 | No Comments  Comments
    Holy cow, not even the most vociferous gold bears saw that one coming!  Gold just suffered what can only be described as a panic.  This metal plummeted so fast that its price surrendered a staggering 1/7th of its value in just two trading days!  This blistering decline was so extreme it even dra...

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