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November 2016 | Elliott Wave Analytics

  • Gold, Miners Under Trump
    By on November 13, 2016 | No Comments  Comments
    Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world.  Equally if not more surprising was the subsequent days’ market reaction.  Stock markets, gold, and gold-mining stocks did exactly the opposite of what was unive...
  • Gold Stocks’ Winter Rally
    By on November 9, 2016 | No Comments  Comments
    The gold miners’ stocks have certainly had a wild ride this year.  After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet.  This coincided with gold stocks’ major seasonal low in October....
  • A New Look NYSE Margin Debt and the Market
    By on November 7, 2016 | No Comments  Comments
    Note: The NYSE has released new data for margin debt, now available through September. The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let’s examine the numbers and study the relationship b...
  • What Gold Does In A Currency Crisis: Brexit Edition
    By on November 4, 2016 | No Comments  Comments
    In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the media settled in to watch the UK shrivel and die. Four months later, the approp...
  • Economic Breadth Is Significantly Deteriorating in th...
    By on November 3, 2016 | No Comments  Comments
    Philly Fed state coincident data came out today and more states across the country are starting to contract (shown in red). Looking at the snapshot below, positively growing states still dominate the map (and don’t give much of an alarming picture), but a different story emerges when we look a...
  • Home Ownership Rate Lowest Level In 50 Years
    By on November 2, 2016 | No Comments  Comments
    Over the last decade the general trend has been consistent: The rate of home ownership continues to decline. The Census Bureau has now released its latest quarterly report with data through Q3 2016. The seasonally adjusted rate for Q3 is 63.4 percent, up from 63.1 in Q2. The nonseasonally adjusted Q...
  • End Of The Bond Bull – Better Hope Not
    By on November 2, 2016 | No Comments  Comments
    It’s been really busy as of late to cover all of the topics I have wanted to address. One topic, in particular, is the bond market and the ongoing concerns of a “bond bubble” due to historically low interest rates in the U.S. and, by direct consequence, historically high bond prices. Bob Bryan...
  • Technically Speaking: Bullish or Bearish?
    By on November 1, 2016 | No Comments  Comments
    Yesterday, the markets opened higher but drifted lower into the afternoon as the support behind the markets as of late have continued to remain weak. As shown in the chart below, the markets remain trapped between the downward price trend from the summer highs and the rising bottoms from the Septem...

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