Elliott Wave Analysis of Costco (COST)

The new high into $248.71 can be counted as an impulse wave, there are enough gyrations to argue for a completed pattern. Short term if the market remains below $245.77, then more immediate weakness is favored. A strong move under $235.00 would help argue for more...Read More »

Elliott Wave Analysis of Rapid7 Inc (RPD)

The new high can be counted as a possible 5th wave of an impulse wave ( 5 wave advance) that started from the Dec 2018 low. A strong move below $50.00, as well as an impulsive decline, is needed to support a reversal and further weakness...Read More »

Elliott Wave Analysis of SPY (SPDR S&P 500 ETF)

With the new high it’s now possible to suggest a completed impulse wave from the 25th March low. So a pullback/decline is favored soon, a strong move below 292.50 is needed to further argue for a move lower. There is a way to allow for a...Read More »

Elliott Wave Analysis of MasterCard (MA)

Whilst it’s above $238.65 the trend can continue to push a bit higher to end wave [5] of a large impulse wave (5 wave advance) from the Dec 2018 low. A similar pattern is also developing on Visa (V). The move from the Dec low is...Read More »

Elliott Wave Analysis of DAX

With the minor new high it can now complete a possible impulse wave from 11847, a reversal back below 12182 is needed to support a decline and argue that the recent high has completed an impulse wave (5 wave advance) from 11847. Further weakness under 12100,...Read More »

Elliott Wave Analysis of SPDR S&P Semiconductor ETF (XSD)

If you are an active trader, then you may well have been noticing the recent strength on the semiconductor stocks, particularly stocks like Broadcom (AVGO) Intel (INTC) and Microsoft (MSFT). Although there are a few more semiconductor stocks that have shown strength since the Dec 2018...Read More »

ALL BY MYSELF

Jan 2018 – All 3 markets (SPX NIK225 & DAX) rally together to make a peak, then sell off.

Oct 2018  – The DAX fails to confirm the new high on the SPX and NIK-225, thus creating a bearish non-confirmation with the DAX to set up for a move lower....Read More »

Elliott Wave Analysis of Zoetis (ZTS)

Since its inception the stock has pretty much gone vertical, (subject to corrections). The strong upside is supportive of an impulse wave. When you take a look at a weekly time frame, you can actually make out 5 clear waves, which makes it easier for Elliott wave users...Read More »

Elliott Wave Analysis of XLRE (Real Estate Select Sector SPDR ETF)

XLRE

This index is one of the more cleaner markets and showing a potential impulse wave (5 wave advance) from the Dec 2018 lows, whilst many other sectors and US stock markets have lagged this index, the clarity of this particular index, actually highlights a potential setup...Read More »

Is the Stock Market Trend From December 2018 Over?

The recent price action we have seen this past week, potentially has the makings of a reversal in progress. Some world stock markets are showing an outside weekly bar reversal pattern, which is a strong pattern to support further weakness.

Looking at a number of highly correlated markets, they are showing a...Read More »