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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NIKKEI: Reaction Lower From Equal Legs Area
Read MoreHello Traders, in this article we will see how the NIKKEI ( JAPAN225 ) index has reacted lower from equal legs area. Here at Elliott Wave Forecast we have developed a system that allows us to define areas of the market in which buyers and seller agree to a reaction. These are high frequency areas […]
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Bank of Montreal (BMO) Favors Correcting Lower
Read MoreBank of Montreal (BMO) provides diversified financial services primarily in North America. The company’s personal banking products & services include checking & savings accounts, credit cards, mortgages, financial & investment advice services & commercial banking products & services. It is based in Montreal, Canada, comes under Financial services sector & trades as “BMO” at NYSE. […]
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Elliott Wave Suggests Goldman Sachs ($GS) Should See More Downside in 2023.
Read MoreHello Everyone! In today’s article, we will look at the Elliott Wave path of Goldman Sachs Group ($GS). We will explain why we believe more downside is coming for the stock and the financial sector as a whole. Goldman Sachs ($GS) is an American multinational investment bank and financial services company. Founded in 1869, with regional headquarters in London, Hong Kong, Tokyo, Dallas and Salt Lake City, etc. Goldman Sachs […]
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Financial and Banking Sector (XLF) Heading for a Tough Period
Read MoreThe Financial and banking sector (XLF) was all over the news last month. It is currently no longer part of the daily news cycle. We believe trouble is underway for the second part of the year. Price action across the sector points to a massive sell-off after an initial trap. Many traders believe the market […]
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Morgan Stanley (MS) Favors Correcting Lower
Read MoreMorgan Stanley (MS), a financial holding company provides various financial products & services to corporations, governments, financial institutions & Individuals in the Americas, Europe, Middle East, Africa & Asia. It operates through Institutional Securities, Wealth Management & Investment management services. It is based in New York, US, comes under Financial services sector & trades as […]
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Barrick Gold Corporation (NYSE: GOLD) Starts New Impulse Rally
Read MoreBarrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. The stock has underperformed since 2020 peak, but there’s a reason to believe it has made significant low on October 2022 last year. It has now started a new impulsive leg higher which should favor further upside in months and years to come. […]