Get 100+ Pages of FREE Charts & Analysis for Every Major World Market Once each year or so, our friends at Elliott Wave International do something unheard-of in the world of financial analysis – they give it away for free! But it always ends soon after it starts, so your time to get more than 100 pages of free analysis and forecasts on every major world market is running out. This time Read more...
Free Charts & Analysis for Every Major World Market: 100+ Pages
February 16, 2010 By Leave a Comment
U.S. Stocks: Will The Bears Relinquish Control?
February 10, 2010 By Leave a Comment
By Nico Isaac
In case you were hiding out Tiger Woods’ style far away from the mainstream media during the past month, let me be the first to say: January saw an abrupt end to the U.S. stock market’s record-setting winning streak. Last count, the Dow Jones Industrial Average plummeted 4% in its worst monthly loss in a year.
And, according to one Feb. 1, 2010, MarketWatch story, “The time to consider an exit strategy” has officially arrived. Here, the article captures the public’s astonishment turned acceptance of the Dow’s boom-to-gloom shift:
“The Dow has shocked the bulls out of their complacency. After all, analysts were looking for the bull market to last until at least the second half of the year. Investors were not prepared for such a sharp decline and now at least some of the chatter has gone from ‘how high will the market go?’ to ‘how low will it fall?’ [emphasis added]“
Let me get this straight. The powers that be say it’s time to “consider an exit strategy” — AFTER the Dow has already plunged 700-plus points to land at its lowest level in two months. That’s about as helpful as building a life raft AFTER your ship has begun to sink.
Let me get this straight. The powers that be say it’s time to “consider an exit strategy” — AFTER the Dow has already plunged 700-plus points to land at its lowest level in two months. That’s about as helpful as building a life raft AFTER your ship has begun to sink.
Trading Video: Steve Jobs, Apple, the iPad, and King Gillette
February 1, 2010 By Leave a Comment
It’s all about Apple in this new video…
On Wednesday, after much hype and drama, Steve Jobs walked onstage and unveiled Apple’s latest creation – the iPad. Having watched almost every key address for Apple for many years I, like many others, were disappointed that the product didn’t live up to the hype. Nonetheless, Apple will sell a boatload of these products, but not as many as the iPhone.
Upon reflection, it occurred to me that Steve Jobs is changing the whole business model of Apple and I don’t believe anyone has caught on to this yet.
In all the reports I’ve read after the launch of the iPad, I think every writer /analyst missed this key point: Steve Jobs wants to be like King Gillette.
NASDAQ crosses important trend line – Free video
January 28, 2010 By Leave a Comment
One of the most powerful technical tools that a trader possesses is a pencil and a ruler. It sounds kind of old-school, but the reality is trend lines in technical analysis are enormously important. In my new video I will show you how the NASDAQ index has broken a very important trend line and what the ramifications are for this index. We can all learn from the simplicity of this approach and Read more...
Bernanke’s Burn Notice
January 27, 2010 By Leave a Comment
Why Now? Research Reveals Insight Into Fed Chairman’s Popularity
By Elliott Wave International
Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support.
Bernanke has gone from being Time magazine’s Man of the Year in 2009 to … what? A Fed chairman embroiled in a controversial reconfirmation process before U.S. Congress. Why the sudden turnaround in his fortunes?
Robert Prechter, president of the research firm Elliott Wave International, has written about the history of the Fed and its chairmen several times over the years, and his research shows that their popularity rises and falls with social mood, which is measured by the stock market. Here is a compilation of excerpts from Prechter’s monthly market letter, The Elliott Wave Theorist, from 2005-2009 about the trouble he sees brewing at the Fed.
New Year: New Economic Boom? Why 2010 Should Be One to Remember
January 20, 2010 By Leave a Comment
The major stock indexes are the wrong place to look
Elliott Wave International’s latest free report puts 2010 into perspective like no other. The Most Important Investment Report You’ll Read in 2010 is a must-read for all independent-minded investors. The 13-page report is available for free download now. Learn more here.
By Nico Isaac
In the realm of market psychology, there’s a big difference between optimism and extreme optimism. The first is seeing the glass half full. The second is seeing the glass half full deep in the heart of a bone-dry desert. In finance, it’s what we call “Buying the Dip” mentality — when all outcomes, even losses, are cause for celebration.
We are there now.
Free Download: The Most Important Investment Report You’ll Read in 2010
January 20, 2010 By Leave a Comment
Free 13-page Report: Robert Prechter’s firm Elliott Wave International has just released its annual “Most Important Report of 2010.” Inside, Prechter delivers hard facts, eye-opening charts and straightforward commentary to help you take advantage of the opportunities – and avoid the dangerous pitfalls – that you will face in 2010. You’ll get analysis and forecasts you can act on, and you’ll learn what the government’s unprecedented involvement in the financial markets will mean for your portfolio in 2010 and beyond. Learn more and download your free report now..
Please recall with me the prevailing investor sentiment from this time last year …
U.S. stocks had been in strong decline for more than a year. Some of the most celebrated bulls had turned into bears, and the few bears that did exist before the downturn had become even more bearish. The Daily Sentiment Index for the S&P registered an astonishing 3 percent bulls — virtually no one was betting on the upside — and the bleakest of forecasts for 2009 called for nothing short of financial apocalypse.
But well-known contrarian analyst Robert Prechter took the opposite side of the trade. Prechter, a long-time bear, emerged as a solitary bullish voice among overwhelming bearishness. After closing out a record short recommendation that gained 800 downside points in the S&P, he issued the following bullish warning to bears: