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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iBioPharma Inc. ($IBIO) Looking for more upside
Read MoreThe next entry in the theme of Corona Virus stocks is iBioPharma Inc. iBio has had a steady advance during the COVID-19 spreading worldwide. It also remains very technical as with all other stocks. Lets take a look at what they do as a company: “iBio is an innovator biologics company developing therapeutics and vaccines […]
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XOM Elliott Wave View: Forecasting Decline Lower
Read MoreIn this blog, we take a look at the past performance of 1 hour Elliott Wave charts of XOM In which our members took advantage of the blue box areas.
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$SAN : Banco Santander may provide timing for stocks to rally
Read MoreBanco Santander is the largest bank in Spain and the 5th largest bank in Europe. Traded under ticker $SAN at BMAD and NYSE, it is a component of the EuroStoxx50 and IBEX35 market indices. In particular, the weighting of 15% in the IBEX35 makes Santander the component to watch in strongly correlated markets. Indeed, IBEX35 […]
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$FXE Elliott Wave and Longer Term Cycles
Read More$FXE Elliott Wave and Longer Term Cycles Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in the EURUSD foreign exchange pair suggests the high in April 2008 was the end of a cycle up […]
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Bullish Breakout in GDXJ (Gold Miners Juniors) Imminent
Read MoreGold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign of stopping. It has broken to new-all time high against many other major currencies, such as Euro, Pound Sterling, and Yen. Gold stocks should benefit […]
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Elliott Wave View: SPX Resumes Correction Lower
Read MoreSPX ended the cycle from April 2 low and is currently correcting that cycle. While below June 9 high, index can do another leg lower before upside resume.