In yesterday’s post on the tools companies use to “manipulate” earnings, I referenced a tweet I received discussing the markets next move to 2400. “Of course, the issue ultimately comes down to valuations. At a price of 2400, based on current earnings per share of $86.92, the market would b...

In this past weekend’s newsletter, I discussed the markets walk along a bullish trend line: “With the Fed holding still on hiking rates, with a promise to now hike in December(**cough****bullshit****cough), traders came rushing back into the market pushing prices right back into the trading rang...

Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are “opening the doors” to their entire line of trader-focused Pro Services — free for 7 days — during: Pro Services Open House. EWI Pro Services bring you opportunity-rich, professional-grad...

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.” ...

In last week’s update, I discussed the markets entrance into the “Seasonally Strong”period of the year to wit: “The table below shows the statistics of the seasonally strong/weak periods of the S&P 500 from 1957 to present using the data from the Federal Reserve (FRED). ...

In 2009 and 2014, a simple chart pattern enabled us to turn bullish the dollar, just in time for HUGE rallies. Learn to use this pattern now. Imagine you’re on an airplane, mid-air, when the intercom from the cockpit accidentally turns on. You and the entire cabin crew overhear the pilot say ...

Elliott Wave Analytics recognises and acknowledges the continuing work done by Elliott Wave International (EWI) in educating investors, traders and the public in the effective use of the Elliott Wave Principle.  Accordingly, and from time to time, EWI will make us aware of free education programs t...

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...

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...

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...

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 ...

Several months ago I wrote of how super bull markets that last nine or ten years have been once in a generation situations, the last ones being those of the 1920’s and the 1990’s, but that there were enough similarities to 1997 in the current bull market that it could possibly make it into that ...

The market has a very long history of making most of its gains in the favorable winter season between October and May, while if there is to be a substantial correction it most often takes place in the unfavorable season of May to October. The pattern is so consistent that academic studies (and actu...

Remain bullish because the bull market remains in place, with most indexes making new highs as recently as last week. Support levels continue to hold on short-term pullbacks, technical indicators remain on buy signals, and the market’s favorable season usuallylasts into April/May. However, be watc...

Investors are complacent, even confident, regarding the prospects for 2015. That is in spite of the market being at valuation levels higher than all but one previous market peak of the last 100 years, while the economy appears to be slowing, corporate earnings growth is slowing, and the bull market ...