Don’t rush buying MasterCard (MA)

MasterCard Daily 11 28

MasterCard shares (NYSE: MA) failed to break above the all-time highs made last month even with the "Trump Rally" which started 3 weeks ago pushing the stock market strongly to the upside , this doesn't seems to had any impact on MasterCard so with investors looking to cash-out before Christmas and some stocks reaching extremes like American Express that could put pressure on the stock market which can  see a healthy pullback . The technical picture of MA is showing that the stock is doing 3 … [Read more...]

SPX and The Presidential Cycles

SPX and Presidential Cycle

The Market, for years, has been seen as a reaction to a series of events around the world and how investors react to those events. Without any question, the United States of America presidential election is one of most watched events around the World. We at Elliottwave-Forecast.com, believe in the idea that the Technical trade is able to anticipate the future and we have proved that time and again over the years. Looking at the SPX cycles since the all-time lows, it is very clear how every swing … [Read more...]

Time to Take some Profits in American Express ( AXP )

American Express Weekly Chart

American Express There was no market crash after the US Election results , " Trump Rally " that's what everybody is calling it as US indices and US Dollar surged higher doing the best rally that market have seen in years with many instruments hitting new all time highs like ( SPX & DJIA ) and others making multi-years new highs . It's almost green all over the stock market and investors are still hungry for more gains , so with the flow of money popping everywhere the financial sector saw … [Read more...]

Amazon (AMZN) Short Term Correction

Amazon

AMAZON Amazon is one of the fewest company that kept a strong portfolio during the recent decades even after 2 stock market crises . The company issued its initial public offering of stock on 1997, trading under the NASDAQ stock exchange symbol AMZN, at a price of $1.50 per share and since then the price just kept rising year over year providing the best return for its investors . After almost 20 years , Amazon is still rising and making new all time highs . Recently on the 6th of last … [Read more...]

$SPX Elliott waves calling the decline & then the bounce

SPX-240.edited

In this Technical blog we are going to take a look at $SPX 4 hour October 13th 2016 chart. In which instrument was showing 5 swings from August 15th peak, which is incomplete bearish sequence in New Elliott wave theory. So the idea was selling the bounces against September 22nd peak in sequence of 3, 7 or 11 swings for potential downside target at (2104-2057), which was the 100%-1.618% extension area coming from August peak to complete the 7 swing sequence from the peak (which is also known as … [Read more...]

IYR ( U.S. Real Estate ETF ) short term bounce

IYR 10 21

IYR is the iShares Dow Jones U.S. Real Estate ETF that tracks a market-cap-weighted index of US real estate equities listed on the major US exchanges giving an exposure to U.S. real estate companies and REITs , which invest in real estate directly and trade like stocks . After ending a cycle on 7/29/2016 ( 85.80 ) , IYR started correcting the cycle from February low showing 5 swing incomplete bearish sequence calling for one more swing lower after the small pullback in the 6th swing to … [Read more...]