See how three Elliott wave patterns develop — in Cliffs Natural Resources Inc (CLF), iShares Russell 2000 Index (IWM) and Direxion Daily Financial Bull 3X Shares (FAS) — in this classic 5-minute video excerpt from Jeffrey Kennedy’s Trader’s Classroom service. If you are...

When an economic crisis is coming, there are usually certain indicators that appear in advance.  For example, commodity prices usually start to plunge before a recession begins.  And as you can see from the Bloomberg Commodity Index which you can find right here, this has already been happening.Â...

Over the last couple of days, I have been focusing on the longer-term risks of currently overvalued markets. The primary problem with valuation measures and fundamentals, is that markets can remain detached from reality for much longer than logic would dictate. As Sam Ro pointed out, valuations are ...

Janet Yellen channels Billy Flynn? Last week the Fed Chairwoman treated us to a master class of rhetorical misdirection which produced some memorable examples of doublespeak, including the soon to be classic “Just because we removed the word ‘patient’ does not mean we’r...

The Consumer Price Index for Urban Consumers (CPI-U) released this past week puts the year-over-year inflation rate at -0.03%. It is substantially below the 3.85% average since the end of the Second World War and its 10-year moving average, now at 2.25%. For a comparison of headline inflation with c...

Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try to keep Greece and Germany in the same financial family. In each case, success depends on all the parties becoming something they really don’t want to be. On the negative in...

Editor’s note: The following article is excerpted from Elliott Wave International’s new free report, “U.S. Economy Still on Life Support.” For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. ...

Silver reversed sharply higher over the past week or so, surging dramatically.  This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg.  As usual, silver’s coming gains will be fueled by gold’s ...

There’s lots of crazy stuff going on in the world these days, both global finance and geopolitics-wise, but one of the crazier elements of the former has been the continuation of what, for many years, has appeared to be an unstoppable asset bubble (yes, that’s an oxymoron) in Canada’s housing ...

Crude oil has slid into a definitive bear market starting 2H14.  Since most of the oil companies (majors as well as E&Ps) based their budget, growth, and strategy trajectory on ~$50 oil price scenario even for the most conservative, the current ~ $45 WTI price environment has created a crisis s...

Can stocks keep hitting new highs even as sales and profits fall? Given that we live in a world where a modest 3% decline in the stock market triggers panicky demands for more quantitative easing (QE 4), few observers expect much a correction, regardless of the souring fundamentals such as sales and...

As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an...

With its FOMC statement, the Fed provided the market with what it wanted to hear. They removed the ‘patience’ phrase as expected, but replaced it with a similar assurance that there is no set timetable for rate hikes, that it will continue to be in no hurry. “The Committee anticipates that it ...

The housing industry seems to have slipped under the radar of investor concerns in the fog created by the Fed’s ‘patient’ intentions, the EU’s intentions regarding Greece, the disappearance of inflation, the soaring strength of the dollar, plunging oil, and so on. Yet, as I have noted often...

I have been tracking the Federal Reserves forward looking projections ever since they begin releasing their forecasts. The purpose of tracking these projections was to compare the Fed’s forecasts with what eventually became reality. The record is now clear…they are the worst economic for...

The strong dollar increases the cost of U.S. exports, cutting into export sales, and the currency translation cuts into the profits of U.S. corporations with international operations. Currency-risk management consulting firm FiReapps reports that the surging dollar cost North American corporations ...