“Patience is bitter, but its fruit is sweet.” – Aristotle There are times in this business of trading that require a great deal of patience. In the world of Elliott wave analysis there is perhaps no other test of one’s patience than that of a triangle. Right now we project that a Minor degree wave […]

XLF and BAC In this brief blog we’re going to look at the XLF ETF as well as Bank of America (BAC) for evidence that the broader financials have found some footing after the October bludgeoning most financial stocks endured. Within the Financial Select Sector SPDR ETF (XLF) Bank of America (BAC) represents a weighting […]

“What goes up must come down.” – Sir Isaac Newton It was widely reported this week that Amazon (AMZN) founder, Jeff Bezos, lost roughly $45 Billion dollars in net worth during the October stock market selloff as shares of AMZN cratered from all-time highs set on 9/4/2018 at $2,050.50/share to the most recent low of […]

After just getting stopped out in CHK for no loss, why are we buying again? I am of the firm belief that if you only traded based on the media drive-by observations of any particular stock you would be hard pressed to know what to do most of the time. For example, how many times […]

Video on the SPX & the US Mid-Term Elections   On Tuesday, November 6th, the United States will hold its general elections. According the mass media these mid-term elections are slated to be more than pivotal on multiple fronts. We would also agree with such contention and add that no matter your particular political leaning, […]