Shanghai Composite Index in Multi Year Consolidation
As of 22 September, Shanghai Composite Index (SSE) is up 6.9% despite the geopolitical tension with the US and coronavirus pandemic. Contrast this with S&P 500 which has YTD performance…
Generational Buying Opportunity in Gold and Silver?
On Saturday, September 12, 2020 we at Elliott Wave Forecast hosted a Free Seminar. The topic of the seminar was " Generational Buying Opportunity in Gold and Silver?". We analyze and…
Elliott Wave View: Nike (NKE) Breaks to All Time High
Nike (NKE) has made another all-time high suggesting the bulls remain in firmly in control. Elliott Wave View of Nike suggests the stock is still within the cycle from March…
What Nasdaq (NQ) is saying about the Right Side of Market
Technology is the strongest sector in the current bullish trend in World Indices. Nasdaq (NQ) which has a lot of technology stocks naturally is one of the best performing Indices.…
Silver Miners ($SIL) Looking to Rally
One of the best performing assets this year is Silver. After bottoming on March 18 at $11.6 in the Covid-19 selloff, the metal has rallied to $30. Silver miners should…
First Majestic Silver ($AG) Broke Higher from 10 Year Consolidation
First Majestic Silver (symbol: $AG) is a Canadian silver-mining company which operates in Mexico. It has 7 mines, although only 3 most cost-efficient mines are currently operating in San Dimas,…
Supply Problems and Weak Dollar Buoy Sugar Prices
Since the corona virus hit in March earlier this year, price of Sugar future (SB) has remained depressed as demands projected to plummet. Prices fell sharply lower at 42% to…
Copper Looking for Bullish Breakout
Since bottoming in January 2016 low at $1.93, Copper has traded in a narrow range between $1.9 - $3.3. Earlier this year, the red metal collapsed to the lowest in…
Has The Euro Dollar Finally Turned the Corner?
The Euro Dollar has continued to slide since topping out on July 2008 at 1.6038. However, sentiment on the euro has recently improved after European Union leaders agreed to massive…
