The Fed’s monetary stance has turned 180 degree this year. Recall last year the Fed talked about shrinking the balance sheet on auto pilot and raising interest rate. The QT (Quantitative Tightening) of $50 billion a month, according to former Fed Chair Janet Yellen, should be boring like watching paint dry. By July this year, […]

Nike decline from Oct 23 high looks impulsive and the stock can see more downside. This article & video looks at the Elliott Wave path.

Nikkei incomplete sequence from December 26, 2018 low and August 26, 2019 low, favoring further upside. A 100% Fibonacci extension from August 26, 2019 low comes at 23360 while 100% extension from December 26, 2018 low comes at 23380. Until the Index reaches this area, short term dips likely remain supported in 3, 7, or […]

DAX sequence from Dec 27, 2018 low remains bullish and the Index can see further upside. This article and video looks at the Elliott Wave path.

Amazon (ticker: AMZN) shares price has recovered most of the losses due to the weak earnings. Short Term Elliott Wave view suggests the drop to $1617.71 ended wave II. This drop has ended the entire correction which started from July 11, 2019 high. The stock has started to rally and the move higher from $1617.71 […]

Tesla soars as the company reported better than expected earnings. This article and video looks at the Elliott Wave path of the stock.