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 […]
-
$QQQ ETF Elliott Wave & Long Term Cycles
Read More$QQQ ETF Elliott Wave & Long Term Cycles Firstly the QQQ instrument inception date was in March 1999. That was before it ended a larger cycle up from the all time lows in March 2000. The ETF instrument mirrors the price movement of the Nasdaq index. As shown below from the March 2000 highs the […]
-
Junior Gold Miners (GDXJ) Have Ended Correction
Read MoreGold and related miners formed a high on August 2020 and they have pulled back for more than 1 year. In our last article from 2 months ago, we provided a support area of $18.5 – $32.6. It looks like Gold Miners did not quite reach the 100% extension area and already ended the correction. This […]
-
$LMT : Lockheed Martin Provides Opportunity in Pullback
Read MoreLockheed Martin is one of the the largest defense, arms and aerospace companies based in the United States and the world. It employs approximately 110’000 people worldwide. The company operates mainly on four business segments, i.e., Aeronautics, Missiles & Fire control, Rotary & Mission system and Space systems. It’s the world’s largest defense contractor based […]
-
XLK Forecasting The Bounce Higher
Read MoreIn this technical blog, we will look at the past performance of 4 hour Elliott Wave Charts of Technology ETF ticker symbol: $XLK. In which, the rally from 05 March 2021 low ended wave (3) in an impulse structure & made a pullback in wave (4). Therefore, we knew that the structure in XLK is incomplete to […]
-
Elliott Wave View: S&P 500 (SPX) Extending Higher in Wave 5
Read MoreSPX rallies as in impulse from October 4 low looking for further upside. This article and video look at the Elliott Wave path.
-
BAAKT ($BKKT) Bullish Potential On Tap
Read MoreAnother day, another meme stock rallies. This week, Bakkt is the company I want to focus on. This is another Crypto focussed stock. However, it has a large deal behind it, being a Mastercard deal whereby Bakkt assists mastercard with its users to pay in crypto. Lets take a look at the company profile: “Our […]