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DJUSRE Break Above 2007 High and ProShares Ultra Real Estate ETF
Read MoreDJUSRE (Dow Jones Real Estate Index) recently broke above 2007 peak and it would be a good time to revisit the article we published back in 2017 about Real Estate Index and highlighted the target area above 2007 peak. We will also cover Proshares Ultra Real Estate ETF today and look at it’s sequence from […]
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Elliott Wave View: Short Term Strength in Bitcoin
Read MoreIn the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and since then has been sideways. Further correction in larger degree can’t be ruled out as a double zigzag structure from June 26 high, but the […]
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Twitter (NYSE: TWTR) Impulsive Elliott Wave Structure
Read MoreThe social networking giant Twitter (NYSE:TWTR) has become the number one platform for government leaders and it’s still considered one of the best places for breaking news. For the first time in the company’s history, Twitter made a profit in the fourth quarter of the 2017 just one year after its stock established a major bottom. […]
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Euro Fails to Weaken Despite ECB’s Monetary Stimulus
Read MoreLast week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone’s inflation and growth outlooks return to satisfactory levels. In other words, it’s quantitative easing in perpetuity. ECB said the purchasing will only end shortly before the next rate […]