The Industrial Select Sector SPDR Fund  XLI tracks a market-cap-weighted index of industrial-sector stocks drawn from the S&P 500. Industries in the Index include aerospace and defense, building products, construction and engineering, electrical equipment, commercial services and supplies, airlines, marine, etc. It provides investors with broad US industrial exposure that’s cheap to hold and extremely […]

AT&T ticker symbol $T short-term Elliott Wave view suggests that the decline from 4/10 peak is unfolding as an Impulse Elliott Wave structure. In the impulsive structure, wave 1, 3, and 5 should show 5 waves internal subdivision. Down from 4/10 peak ($36.39), Minor wave 1 ended in 5 waves structure at 35.02 low. Minor wave […]

Dow Jones Elliott Wave view in short-term cycles suggests that the rally to 24827 on 4/17/2018 high ended Intermediate wave (X). Below from there, Intermediate wave (Y) remains in progress as overlapping structure suggesting that the move lower is corrective in nature. The move lower from 24827 peak is proposed to be unfolding as an Elliott […]

FCX Elliott Wave view in short-term cycles suggest that the cycle from January 25th, 2018 peak is unfolding as Elliott wave flat correction. When Minor wave A ended in 3 swings at 16.51 and bounce to 19.71 April 19 high ended Minor wave B. Below from there, the stock reacted lower strongly and made new lows […]

$AAPL Apple Expanded Flat from the 1/18/18 highs? Is $AAPL Apple in an Expanded Flat from the 1/18/18 highs? Longer term on monthly and weekly charts it obviously appears that Apple remains in an uptrend. I will try to explain where the instrument can reach in the expanded flat from the 1/18/18 highs. I will […]

In this blog, we will have a look at past Elliott Wave structures of the Dow Jones. In the chart below, you can see the 1-hour NY updated chart which we presented to our clients on the 04/16/18. Calling for an Elliott Wave double correction higher as the internals from red W-X-Y proposed to be unfolding […]