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 View: Nikkei Buyers in Control
Read MoreNikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2)) and the Index has resumed higher in wave ((3)). Internal subdivision of wave ((3)) takes the form of […]
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Walmart (NYSE: WMT) Bull Run Leads the Market
Read MoreWalmart (NYSE: WMT) is the world’s largest retailer, operating discount stores, supercenters, and grocery stores around the world. In today’s article, we’ll take a look at the short term cycle of the stock based on Elliott Wave Theory : Back in July 2019, WMT made new all time highs by breaking above January 2018 peak and […]
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Elliott Wave View: Bullish Sequence in DAX
Read MoreDAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (1) ended at 12471.83, wave 4 of (1) ended at 12141.82, and wave 5 of […]
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Chinese Vipshop Stock Looking for More Recovery
Read MoreIn today’s blog, we will have a look at the Vipshop stock. The stock is traded as VIPS at the NYSE. Vipshop is a Chinese e-commerce company (www.VIP.vcom) which offers online discount sales which have it’s headquarter in Guangdong, China. It was founded in 2008 which means it is a pretty young online company. Vipshop is one of […]
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Elliott Wave View: Rally in Amazon (AMZN) Can Fail
Read MoreShort term Elliott Wave view of Amazon ($AMZN) suggests the decline to 1685.06 ended wave (A). Internal of wave (A) unfolded as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (A) ended at 1709.22, wave 4 of (A) ended at 1755.6, and wave 5 of (A) ended […]
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Elliott Wave View: Further Downside in Netflix
Read MoreNetflix shows a 5 waves impulse Elliott Wave structure from Sept 18 high. As far as the bounce stays below there, the stock can see further downside.