Indexes Correct, But Bullish Trend Remains Intact
The December rally, which was looking vulnerable as of Monday, managed to resume its trend before giving back some of those gains today. I'm still looking for a larger move back to...
The December rally, which was looking vulnerable as of Monday, managed to resume its trend before giving back some of those gains today. I'm still looking for a larger move back to...
Last week, FOMO (Fear Of Missing Out) became the prevailing market narrative. As data seemed to further validate the soft landing narrative and central bankers became...
It could have been worse, the potential for losses was quite high, but markets were reluctant to give in to sellers, and many markets finished where they started. The Nasdaq was a...
When the market was bottoming on Oct. 13 of 2022 at 3500 SPX, the members of ElliottWaveTrader knew to begin looking up to the 4100 SPX region for an initial rally off those lows....
Movements of the S&P 500 since the Fed’s interest rate hike on Feb. 1 indicate that despite the late weekly selling, the index still managed to close last week with a 1.6%...
WALL STREET WAS stunned Friday morning by the strength of the jobs market. While technology company layoffs have lately hijacked the fear-mongering media’s narrative, the...
In our last market update, I wrote about how market technicals were improving. That improvement has continued, and the market is displaying strength that we have not seen in over a...
Friday delivered a small riposte to Thursday's big gains, but this rally from December lows needs a larger consolidation to help digest those gains. Breakouts and the moving...
Fed Chair Powell and earnings will again drive markets in the week ahead. Pinterest stock is a buy with upbeat earnings on tap. PayPal shares are set to struggle amid weak results,...
Albeit many keep fighting the current rally, the S&P 500 (SPX) continues to move along our primary expectation based on the Elliott Wave Principle (EWP): an impulsive move...