A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$TSX : Canadian Stock Market Index Waiting for Commodities Breakout
Read MoreS&P/TSX Composite is a Canadian stock market index representing roughly 70% of the market capitalization on the Toronto Stock Exchange. Under the ticker $TSX, one can track the market value of 250 most important companies. From 2009 to 2020, TSX was a rather weak performer. While S&P500 has gained 410% during that period, TSX made an […]
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Microsoft ($MSFT ) Forecasting The Rally After Elliott Wave Zig Zag
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Microsoft Stock ($MSFT). As our members know, MSFT has been showing bullish impulsive sequences within the cycle from the March 132.66 low, calling for further rally. Consequently we expected the Stock to find buyers in […]
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Pound Sterling Gains from Positive Brexit Headlines
Read MoreBritish Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came from the European Union’s softening stance on fishing rights. Fishing has been one of the two main stumbling […]
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Elliott Wave View: FTSE Resumes Correction
Read MoreFTSE ended the cycle June 25 low as a double three structure. From there, the index has declined lower and resumed the correction from June 8 high.