Elliott Wave Analysis of TLT 20 Year Treasury Bond ETF
The advance from the May 2017 lows looks like it could be close to ending an impulse wave (5 wave advance). So if you are long this market it could be a wise decision to top slice and consider locking in profits. If the move is...Read More »
Elliott Wave Analysis of McDonalds Corp (MCD)
This stock has been a tear recently, but I favor its close to end what Elliotticans call a “3rd of 3rd ” wave. A breather is expected shortly, although any weakness should prove corrective and continue higher. Baring a major move below 135.00 a few more...Read More »
Elliott Wave Analysis Merck & Co (MRK)
The advance like many INDU components is potentially showing a 5 wave move for an impulse wave. Whereas many stocks and the INDU start their respective wave [5] at the Feb 2016 lows, with this stock it counts best that wave [5] starts from the Aug...Read More »
Elliott Wave Analysis of SLV (Silver ETF)
The decline from the April high has been relentless, to say the least, I am impressed, although seeing such a strong move from a peak that had record longs makes sense, as we are seeing traders flee from this market due to the confirmation of a...Read More »
Elliott Wave Analysis of Parker Hannifin (PH)
The recent weakness from the April 2017 high I think suggests a large 4th wave correction is underway. The move into the all time highs counts well enough as the end to wave 3 of an impulse wave, a correction in 3 waves for wave 4...Read More »
Elliott Wave Analysis of EURUSD
With the FOMC out later, the EURUSD is poised to potentially breakout to the upside as it looks like its coiling up for a “thrust” from a triangle. For Elliotticans, thats actually useful information as triangles are generally seen in a 4th wave position of an...Read More »
5 WAVES TO A TOP? (AAPL)
Since my last post on AAPL it’s pushed up a little more, although in the context of the larger pattern from the Nov 2016 lows I still think it counts well enough as an impulse wave. With the spike from earnings we now have enough gyrations...Read More »
Elliott Wave Analysis of Cheesecake Factory (CAKE)
I dont know about you guys but I love a bit of cheesecake now and again, but at these levels I think the stock is a bit pricey. Looking at the advance from the 2009 lows, I can make a solid case that its close to...Read More »
Elliott Wave Analysis of EURGBP
Post copied from daily short term updates.
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A bit more upside would be ideal to end wave [e] and complete a 3 wave looking bounce from 0.8480, a move to 0.8600 would be enough. Although a test of 0.8650 would be better. The alt idea is that its...Read More »
Elliott Wave Analysis of APPLE (AAPL)
Post copied from daily short term updates.
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AAPL
With a 5 wave looking advance from 138.57, there are now enough gyrations to suggest that wave [v] could be completed, a strong reversal back below 142.00 is needed to support further downside, although if a peak is in place for...Read More »