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November 2015 | Elliott Wave Analytics

  • Internal Bleeding, Cheap Tech, And Falling Angels
    By on November 30, 2015 | No Comments  Comments
    Think of “market internals” as the blood pressure and insulin levels of the financial world. They operate below the surface, frequently unnoticed, but over time they have a big say in the health of the patient. And right now they’re pointing to a heart attack. Let’s start with junk bonds. Th...
  • Stock Topping Valuations
    By on November 28, 2015 | No Comments  Comments
    The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention.  Wall Street calmly asserts stocks are reasonably valued, since it has a huge vested interest in keeping people fully-invested.  But with valuations soaring following a massive rally and weak th...
  • Technically Speaking: The Real Value Of Cash
    By on November 25, 2015 | No Comments  Comments
    With the “inmates running the asylum” during a holiday-shortened trading week, the upward bias to the market is set to continue. However, as I addressed last week: “As we progress through the last two months of the year, historical tendencies suggest a bias to the upside. This is p...
  • Gold Miners’ Strong Q3 Results
    By on November 24, 2015 | No Comments  Comments
    The beleaguered gold-mining sector continues to be plagued by monumental universal bearishness.  Nearly everyone assumes the gold miners are doomed, that they can’t survive for long in a sub-$1200-gold environment.  But this belief is totally wrong, a consequence of extreme fear’s fog of war....
  • Technically Speaking: Tradeable Opportunity
    By on November 20, 2015 | No Comments  Comments
    Over the last few weeks, I have been discussing the potential for a seasonal year-end rally. However, following the strong October rally, a correction was needed to provide a short-term oversold condition which would create a better risk/reward opportunity. Two week’s ago I wrote: “The e...
  • Absurd Gold-Stock Levels 2
    By on November 14, 2015 | No Comments  Comments
    Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators.  This devastated sector has been battered back down near last summer’s deep secular lows.  But these gold-sto...
  • Technically Speaking: Short-Term Bull Or Bearish Top?
    By on November 11, 2015 | No Comments  Comments
    Over the last couple of weeks, I have discussed the entrance of the markets into the seasonally strong period of the year and the potential to increase equity exposure in portfolios on a “short-term” basis. To wit: “With the markets EXTREMELY overbought short-term, the setup for pu...
  • Market Remains Overvalued, But Off Its Interim High
    By on November 10, 2015 | No Comments  Comments
    Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more)...
  • 3 Things: Market, Trade, Volatility
    By on November 9, 2015 | No Comments  Comments
    Following the sharp August and September correction, the markets have advanced roughly 17% in less than three months. Which is pretty incredible considering that the Fed is discussing tightening monetary policy while the rest of the world loosens it amid fears of a global slowdown. I have discussed ...
  • Shorts Savage Gold After Fed
    By on November 7, 2015 | No Comments  Comments
    Gold has enjoyed a strong new uptrend in recent months following last summer’s extreme gold-futures shorting attack.  But speculators returned with a vengeance this past week, aggressively dumping gold futures again following a hawkish surprise by the Fed.  The resulting gold plunge shattered it...
  • Technically Speaking: Bullish Hopes, Bearish Signals
    By on November 4, 2015 | No Comments  Comments
    Over the last couple of weeks, I have discussed the markets entrance into the “Seasonally Strong” period of the year and the “Return Of The Bulls.” The rally, driven by the highest level of short interest  since 2008, has once again ignited“bullish optimism.” ...
  • The Scariest Halloween Stock Market Chart
    By on November 3, 2015 | No Comments  Comments
    The stock market’s advance is immortal–isn’t it? What would Halloween be without a scary chart of The Stock Market That Cannot Die? We know the stock market cannot die because we’re constantly told it’s immortal: You know the drill: the Federal Reserve will never let t...

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