As we're starting the new year, it's important to tally the one we're leaving behind.
At the start of 2016, bullish Elliott wave patterns in the U.S. dollar said to expect a strong rally. In November, the buck hit a 13½-year high.
Gold prices had a similar message last January, prompting our Financial Forecast to show a bullish "You Are Here" chart. Gold rallied 30% into the high of $1375 on July 6.
Six days earlier, on June 30 Financial Forecast said that bonds were starting a historic shift. The yields on 10-year U.S. Treasury notes bottomed in July and doubled by December 15.
Today, we are again preparing investors like you for the upcoming trends.
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Recently, China has been doing something that's caught the attention of the U.S. intelligence services. In the South China Sea, in the Spratly Islands chain, China has been developing airfields, ports, and other facilities across the face of many of its man-made islands. Is there trouble brewing in one of the world's most contested regions?
In early December, two popular European exchange-traded funds, France's EWQ and Germany's EWG, had one thing in common: a bullish Elliott wave pattern called "ending diagonal" on their price charts. This is what happened next.
Whether you look at other markets, politics or something else to explain a market move, you’re explaining a move that’s already happened. And for a trader, the real question is, "What will the market do tomorrow?" Let's look at how Elliott wave analysis handles it.
The old Wall Street advice to "buy low and sell high" seems easier said than done. But there's a group of traders who consistently pull it off. Find out who they are and, more important, what makes them so different.