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: USDX Calling For More Upside
Read MoreUSDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 low on 4.17.2018 ended as a Zigzag correction in Intermediate wave (B). Above from there, the rally is unfolding as 5 waves Impulse Elliottwave structure looking to extend higher 1 more leg in Minor wave 5 at least before ending the 5 waves structure. Above […]
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SMH Semiconductor ETF Leading the short term correction
Read MoreThe VanEck Vectors Semiconductor ETF (SMH) tracks a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. Such companies include foreign companies that are listed on a U.S. exchange like Taiwan Semiconductor Manufacturing (TSM: NYSE) and also big technology companies like Intel (INTC: NASDAQ) or Nvidia (NVDA: NASDAQ). During this year, the Index made new all […]
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Elliott Wave Analysis: SPX May Start a New Leg Lower
Read MoreSPX short-term Elliott Wave analysis suggests that the decline to 2553.8 low ended intermediate wave (W). Above from there, the rally ended in intermediate wave (X) at 2717.49 high and the same time also completed the correction against 3/13/2018 peak (2801.9). The Index however still needs to break below wave (W) at 2553.8 low, and more […]
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Gold versus Australian Dollar and British Pound
Read MoreIn this blog, we will take a look at Gold charts against US Dollar, AUD and GBP. Back in June 2017, we mentioned that XAUAUD should hold the low at December 2016 and turn higher. It did hold December 2016 lows and turned higher as expected. It has now reached the initial target at 1755 […]