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US Markets Archives | Page 126 of 131 | Elliott Wave Analytics

  • Labor Participation Exposes Fraudulent Reporting
    By on February 12, 2011 | 313 Comments313 Comments  Comments
    Seven months ago, when the horrendous August 6 NFP print set the stage for Jan Hatzius to lower his outlook for the economy (and all the other sellside lemmings to follow suit), resulting in the announcement of QE2 three weeks later at Jackson Hole by our dangerous monetary Dr. Moreau (not our d...
  • G4 Weekly Market Wrap, 11th February 2011.
    By on February 12, 2011 | 3 Comments3 Comments  Comments
    Last week I had labeled the move from the bottom of the USD as a 12345 impulse wave. What transpired since then was an additional wave which made it a 7 wave move necessitating me to re-label the move as a corrective wxy(xx)z pattern instead. For the time being I have labeled that pattern as corre...
  • The Great Global Debt Prison
    By on February 5, 2011 | 47 Comments47 Comments  Comments
    Tense and terrible times inevitably summon an odd coupling of two very different and difficult human conditions; honesty, and brutality. Certain painful truths are revealed, and often, a palpable fury erupts. Being that times today are particularly tense, and on the verge of being spectacularly terr...
  • G4 Weekly Market Wrap, 4th February 2011
    By on February 5, 2011 | 307 Comments307 Comments  Comments
    The US dollar last week gave us a breakout that looked promising for the equity bears but it was short lived. We can see from the chart below how it initially broke out and then capitulated. This led to the continued rallying of the US equity markets. We can see that we have had a more convincing ...
  • G4 Weekly Market Wrap, 28th January 2011
    By on January 29, 2011 | 47 Comments47 Comments  Comments
    Well, it took its time but the USD finally broke through its descending trend line and the equities market did what was expected. We can see from the above chart that not only did it break through but it also successfully back tested the breakout which could suggest that the equities market is in f...
  • G4 Weekly Market Wrap, 21st January 2011
    By on January 22, 2011 | 40 Comments40 Comments  Comments
    I have to admit to being somewhat surprised at the continuing slide of the USD. Just as the US equities continue to appear like they are nearing a top the USD continues to appear like it is making a bottom but the creeping trends continue. US MARKET With most EW analysts agreeing that we are approac...
  • NYT Reports States Looking To File Bankrupt
    By on January 21, 2011 | 51 Comments51 Comments  Comments
    A few days ago we reported that Newt Gingrich was pushing for legislation to allow states to file for bankruptcy, “allowing Them To Renege On Pension And Benefit Obligations.” As we speculated back then “obviously what this means for equity investors in assorted muni investments is...
  • Insider Buying At Zero: Fed Now Only Buyer
    By on January 19, 2011 | 402 Comments402 Comments  Comments
    According to Bloomberg, in the week ended January 14 S&P 500 insiders sold $163 million worth of stock in 54 separate transactions. They bought exactly $0. That’s right, in the last week, there was no insider purchasing. This is the first time in years (and possibly for ever) in which we...
  • US Food Donations Collapse: Starving Left To Die.
    By on January 18, 2011 | No Comments  Comments
    In a world where taxpayer money is spent on bank balance sheets rather than food for the largely unemployed population – a tragic sign of things to come.  With food prices at their highest in history is it any wonder that the slvation army is struggling for food donations?. Why should peasant...
  • Inflation Expectation Up 60% In 6 Months.
    By on January 18, 2011 | No Comments  Comments
    It wouldn’t be fair to say that Bernanke is responsible for all the run-up in global food prices. There are many factors at play. That’s not to say the US monetary policy doesn’t have a central role in the global commodities market. The Fed has a big axe. Policies like ZIRP and QE encoura...
  • G4 Weekly Market Wrap, January 14th 2011
    By on January 15, 2011 | 65 Comments65 Comments  Comments
    The USD index in my view is the key to the future direction of the market at this stage of the cycle. Last week I provided a chart of the USD index that appeared to be making a simple abc corrective wave before resuming its upward trend. The price action in the past week has proven that the correc...
  • 2011 Starts With $4.2 Billion Domestic Equity Outflow
    By on January 12, 2011 | 40 Comments40 Comments  Comments
    After ICI just revised the last two data points of 2010 which were originally inflows, even if modest, to one outflow and one minimal inflow, more importantly it has disclosed the first flow of funds in 2011. And as we predicted looking at last week’s inflows in taxable bond funds, the yea...
  • Bulls Rush In As Market Sentiment Hits Extremes
    By on January 9, 2011 | No Comments  Comments
    In the afternoon hours of December 31, 2010, one 900-pound bull headed for slaughter in the back of a stock trailer busted free while its driver waited at a red light, sending local authorities on an hour-long, miles wide chase through two Pennsylvania townships. Believe it or not, it was the 14th b...
  • G4 Weekly Market Wrap, 7th January 2011
    By on January 7, 2011 | 40 Comments40 Comments  Comments
    The USD index has broken through a blue descending trend line and has the appearance of a WXY corrective pattern forming. If true this would indicate that the USD could rise further which could give downward pressure on commodities and US equities. Wave W took 18 trading days to form and wave Y has ...
  • Mystery Omission Of 4 Million In Labor Force?
    By on January 7, 2011 | 39 Comments39 Comments  Comments
    While today’s unemployment number came at a low 9.4%, well below expectations, the one and only reason for this is that the labor force in America has plunged to a fresh 25 year low. Assuming a reversion to the mean in the long-term average participation rate back to 66%, means that the ci...
  • Top-Tick Bernanke’s $10 Billion Day
    By on January 5, 2011 | 39 Comments39 Comments  Comments
    The ongoing collapse in bond prices is making John Meriwether blush with envy at the wholesale wanton destruction of capital undertaken by Ben Bernanke. Keep in mind LTCM – the organization which proved definitively that Nobel prizes in economics are given only to the most consummate destroyer...

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