By Bob Stokes
5/24/2012 5:00:00 PM
One great advantage of becoming a Certified Elliott Wave Analyst is that you can promote your expertise to potential employers and clients, and help advance your career as a financial professional...
Filed Under: Elliott wave, Elliott Wave Education, Elliott Wave Principle, Elliott Wave trading, Traders
Category: Education
By Vadim Pokhlebkin
5/23/2012 6:15:00 PM
On May 22, the DJIA had a solid intraday rally, but closed 1 point lower. On May 23, the index had the opposite experience: a deep intraday decline that got all but erased by a rally into the close. As a result, the "fear index" VIX for the S&P 500 moved from the 24.64 high on Monday to 20.07 low on Tuesday -- and then back to 24.61 on Wednesday.
Filed Under: Elliott wave, Elliott Wave trading, futures trading, S&P 500
Category: Stocks
By Nico Isaac
5/23/2012 5:15:00 PM
Over the last 7 months, gold bulls have had their faith severely tested. So far this year, gold prices have shaved 20% off their value since hitting an all-time high in early September 2011. Now for the bullion-dollar question: Is it time for the gold bulls to hand in the towel?
Filed Under: Bob Prechter, Elliott wave, Elliott Wave Theorist, Gold, gold futures, prechter, precious metals
Category: Gold and Silver
By Bob Stokes
5/23/2012 5:00:00 PM
The bigger story goes beyond a rough start for Facebook: the market has lately been unfriendly to several social media stocks. Take a look at this chart and commentary from the...
Filed Under: cultural trends, Elliott wave, investor psychology, Magazine Cover Indicator, Nasdaq Composite, Traders, trading lessons
Category: Stocks
By Vadim Pokhlebkin
5/23/2012 4:15:00 PM
The May 23 euro selloff that pushed EUR/USD down to $1.2551 was attributed to the pessimism about the May 24 Eurozone summit. But what if EUR/USD rallied today instead? Can you see a headline that says, "The euro rose on speculation a summit of EU leaders will provide new measures to stem the crisis"? Easily. Here's how...
Filed Under: Elliott wave, eu, euro, euro/USD exchange rate, European debt crisis, forex, U.S. dollar
Category: Currencies
By Nico Isaac
5/22/2012 6:00:00 PM
In the world of fundamental market analysis, inconsistency exists all the time. The reason being, mainstream analysts use external events to determine the near-term trend in financial markets. Their interpretation of the events is always changing, and so the outlook is always changing, too. Take, for instance, the pair of news items regarding lean hog futures found in today's article.
Filed Under: Elliott wave, Elliott Wave trading, futures trading, Jeffrey Kennedy, lean hog futures
Category: Commodities
By Bob Stokes
5/22/2012 4:45:00 PM
Elliott wave practitioners know their discipline requires work. Yet that work can yield timely money-making insights...
Filed Under: Dow Industrials, Elliott wave, Elliott Wave Theorist, Elliott Wave trading, Fibonacci, market forecasts, Nasdaq Composite, New York Stock Exchange (NYSE), Prechter's Perspective, Robert Prechter, S&P 500, technical analysis, Traders
Category: Classic Prechter
By Bob Stokes
5/21/2012 5:45:00 PM
The historic market action of April 29, 2011 is key to our outlook. Moreover, a May 1 market event handed us an additional clue. In the new Theorist, Robert Prechter writes...
Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, Fibonacci, market forecasts, Nasdaq Composite, New York Stock Exchange (NYSE), Robert Prechter, S&P 500
Category: Stocks
By Vadim Pokhlebkin
5/21/2012 4:30:00 PM
Between May 1 and May 18, the euro lost to the U.S. dollar over 600 pips, or 6 full cents. "Sell in May," indeed. We've shown you in a recent article how Elliott wave analysis helped forex traders capture the bulk of that selloff. But what about now? EUR/USD has gained about 150 pips already off that May 18 low...is that a dead cat bounce, or the start of a move to new highs?
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
Do You Know What A "High-Probability" Trade Setup Looks Like?
Elliott Wave Junctures latest video lesson shows you the 4 simple steps to identifying a high-probability, low-risk trade -- in ANY liquid market
By Nico Isaac
5/21/2012 3:15:00 PM
Does your method of market analysis reveal whether the larger trend in a financial market is a bearish or bullish? If bearish, does it identify how far prices will fall, where the optimum place to enter a trade is, or where to place your protective stop? If you answered "no" to ANY one of these questions, then your trading may be like driving a car with no brakes.
Filed Under: Elliott wave, Elliott Wave trading, Jeffrey Kennedy, Traders, trading lessons
Category: Trading Lessons
By Bob Stokes
5/18/2012 5:30:00 PM
Ten days before the most recent stock market top (May 1), an April 21 Barron's online headline read: "...Big Money Poll Finds Money Managers Are Bullish." But since the start of the month, the Dow Industrials has given back over 900 points. What gives?...
Filed Under: Dow Jones Industrial Average (DJIA), Elliott wave, investor psychology, mutual funds, Robert Prechter
Category: Stocks
By Nico Isaac
5/18/2012 4:45:00 PM
Since the start of May -- in just 3 weeks! -- crude oil prices have fallen 12% to land at their lowest level in 6 months. Great time to be an oil bear for sure, but now oil bears want to know whether their gravy train has reached its destination. Well, according to the mainstream experts, the answer to that question is a very confident Yes... and, an equally confident No. Today's story has the riveting details.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, oscillators, Relative Strength Index (RSI), technical indicators
Category: Energy
By Vadim Pokhlebkin
5/18/2012 3:15:00 PM
On January 24, 2011, Robert Prechter was invited to Canadian BNN TV network for an interview. Watch as Bob explains the Elliott wave pattern in the CRB Commodities Index that turned him bearish on commodities in January 2011.
Filed Under: Cocoa, cocoa futures, coffee futures, copper futures, corn futures, cotton futures, CRB index, Elliott wave, feeder cattle futures, futures trading, lean hog futures, live cattle futures, lumber futures, Orange Juice, Robert Prechter, soybean futures, soybean meal, soybean oil, sugar futures, technical analysis, wheat futures
Category: Commodities
By Nico Isaac
5/17/2012 4:45:00 PM
For Elliott wave analysts, 5 is the magic number. The 5-wave structure is one of the bedrocks of this market-forecasting method. Its rules and guidelines help you determine the depth and duration of developing waves. If you stay its course, the 5-wave form will lead you, like a hound dog leads a hunter, straight to opportunity.
Filed Under: Daily Futures Junctures, Elliott wave, Elliott Wave trading, futures trading, Jeffrey Kennedy, soybean futures
Category: Commodities
Natural Gas Prices Rally: What the... Frack?
Why Energy Specialty Service turned near-term bullish natural gas in mid-April -- just as all the "fundamental" arrows were pointing DOWN.
By Nico Isaac
5/17/2012 5:00:00 AM
Back in mid-April, natural gas prices were circling the drain pipe of a 10-year low. And, according to the mainstream experts, the "overarching theme of the market" was bearish to the bone. Yet, right around that time, both natural gas futures and the US Natural Gas ETF hit bottom and started to soar. Read on see how EWI's Energy Specialty Service had the discipline to stand against the bearish fundamental winds...
Filed Under: crude oil, Elliott wave, fundamental analysis, natural gas
Category: Energy
By Nico Isaac
5/16/2012 5:30:00 PM
What did 91% of gold traders have in common back in late February-early March? Answer: They were all positioned on the wrong side the market; i.e. they were bullish. But on February 29, the uptrend in gold ended, and since then gold prices have seen a $240-plus freefall to a new low for 2012. As for the 9% who saw the drop in gold coming beforehand -- we can name at least ONE member of that minority group: EWI's Metals Specialty Service.
Filed Under: Elliott wave, Elliott Wave trading, Gold, gold futures
Category: Gold and Silver
By Bob Stokes
5/16/2012 5:30:00 PM
Almost all bank buildings look solid on the outside. But, of course, the goings-on inside are what count. Greece is again in the spotlight, yet we know the financial health of other European banks is the bigger question...
Filed Under: banks, Elliott wave, euro stoxx 50, europe, european central bank, European debt crisis, eurozone, Goldman Sachs, soverign debt crisis
Category: European Markets
By Vadim Pokhlebkin
5/15/2012 9:15:00 PM
Today, EUR/USD, the exchange rate between the euro and U.S. dollar -- and also the world's most-traded forex market -- fell to near $1.27, a low not seen since January. Just two weeks ago, it stood almost 600 points (or pips, in forex lingo) higher. What if someone asked you back in April -- before this month's news from Europe -- where the euro would trade in May? For many forex traders, the answer would be...
Filed Under: debt crisis, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, forex, forex trading, Greek debt, online trading, sentiment, technical analysis, technical indicators, U.S. dollar
Category: Currencies
Options Traders: Why "Ending Diagonals" Should Be Your New Best Friend
Elliott Wave Junctures' video lesson shows how an Elliott wave chart pattern called "ending diagonal" takes the guesswork out of options timing
By Nico Isaac
5/15/2012 5:00:00 PM
Trading options is not for the faint of heart. The stakes are sky high. You're not just buying or selling a security. You're also doing so with the expectation that said security reach a specific price by a specific time. That's why with options trading, most traditional forms of technical analysis fall short. At their best, they can identify WHAT the trend at hand is. Elliott wave analysis, however, goes the full distance...
Filed Under: diagonal, Elliott wave, Elliott Wave trading, Jeffrey Kennedy, options trading, technical analysis
Category: Trading Lessons
By Bob Stokes
5/15/2012 5:00:00 PM
For the past several months, volatility was absent as the market mainly traded sideways. Many participants were complacent. Some opined that the market was simply gathering its strength before the next leg up. We viewed the lackluster market action as...
Filed Under: Elliott wave, market forecasts, S&P 500, technical indicators, U.S. STOCK MARKET, VIX, volatility, volume, Wall Street
Category: Stocks