Tesla ticker symbol: $TSLA short-term Elliott wave view suggests that Minor wave 3 ended at $349.20 high. Down from there, a pullback to $328.50 low ended Minor wave 4. The internals of that pullback unfolded as a Flat correction. Minute wave ((a)) of 4 ended at $330.14 low in lesser degree Flat correction. Above from […]

DAX has broken below Oct 26 low (11051) and suggests that the Index has resumed the decline lower. We are calling the decline from July 27 high (12886.83) as a triple three Elliott Wave Structure. Decline to 11051.04 low on Oct 26 ended Intermediate wave (Y). From there, rally to 11692.91 high on Nov 2 ended […]

The U.S. Consumer Measured Via the XLY “The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.” James P. Gorman We’re Entering In Negative Territory for 2018 The stock market (measured via the S&P 500 and Dow Jones Industrial Average) has officially erased all of […]

Even today with the explosion of advancements in quantitative analysis utilizing the most sophisticated algorithms and artificial intelligence available the debate rages on between whether a technical-based trading methodology is superior to a fundamental-based trading methodology and vice versa. That debate is examined below via analysis of individual financial instruments such as Facebook (FB). The […]

We recently wrote an article explaining why Mr Jeff Bezos had nothing to worry about after being down $45B in October’s market sell off and also stated the obvious fact that trend in Amazon (AMZN) is up and pull backs are a buying opportunity. AMZN reached our blue box area starting from $1477 at the […]

The BEL20 Index Long Term Bullish Trend and Cycles Firstly, the BEL20 Index has trended higher with other world indices since the benchmark was established. The index remained in a long term bullish trend cycle into the May 2007 highs. From there it made a sharp correction lower that lasted until March 2009 similar to other […]