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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Rallies In Lufthansa Stock Should Fail For More Downside
Read MoreHello fellow traders. In today’s blog, we will recap a blog I did last month about Lufthansa. In that blog, I talked about the reasons why the stock should remain weak in the coming weeks and months. Of course, we need to understand that the market never moves in one straight line. There will be […]
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Soybean Futures ( $ZS_F ) Buying The Intraday Dips At The Blue Box
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Soybean Futures ( $ZS_F ). As our members know we are favoring the long side in the commodity. We advised members to avoid selling Soybean Futures and keep buying the dips in the sequences of […]
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Elliott Wave View: S&P 500 (SPX) Looking to Break to All Time High
Read MoreS&P 500 (SPX) has been sideways since January 2018 and it’s also sideways more recently since July 26 high. After forming peak at January 22, 2018 at 2872, the Index managed to make two more marginal highs. However, each time, the new marginal high lose the momentum and pullback again. Current short term outlook suggests […]
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Elliott Wave View: BAC Starts the Next Leg Higher
Read MoreBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is […]