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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Elliott Wave Analysis: Forecasting And Selling the Decline In XLY
Read MoreIn this blog, I want to share with you some Elliott Wave charts of XLY ETF which we presented to our members last month. You see the 1-hour updated chart presented to our clients on the 12/18/18. XLY had a Bearish sequence suggesting more downside at that time. XLY ended the cycle from 12/12/18 peak in red wave […]
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Elliott Wave View: Suggesting Continuation Lower In BABA Soon?
Read MoreAli Baba ticker symbol: BABA Elliott wave view suggests that the cycle from 6.05.2018 peak is having lower low sequence & missing the extreme areas to the downside still, which we have highlighted in our previous blog here. Below is the 4 Hour updated Chart from 1/07/2019, showing BABA having a bearish sequence tag & […]
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Elliott Wave Analysis: Impulse Move Suggests More Downside in USDCAD
Read MoreShort term Elliott Wave view in USDCAD shows that the decline from 12/31/2018 high (1.3669) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.3669, Wave 1 ended at 1.3563, wave 2 ended at 1.3662, wave 3 ended at 1.3263, and wave 4 ended at 1.3323. We can see a momentum divergence […]
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XLF Bearish Into Banking Stocks Earnings Releases
Read MoreThe major component stocks of XLF begin to report earnings for Q4 2018 the week of January 14th. This includes banking stocks such as C (reporting on 1/14/2019) and JPM (reporting on 1/15/2019). January 16th will see more banking stocks such as WFC, BAC, GS, and USB report. This brief explores the near-term price structure […]