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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Does Elliott Wave View Suggest A Turn In FTSE Is Imminent?
Read MoreShort-term Elliott Wave view in FTSE suggest that the decline to 3/26/2018 low 6866.94 ended intermediate wave (B). Above from there, Intermediate wave (C) of ((B)) remains in progress with a strong rally to the upside unfolding as Impulse Elliott Wave structure. The internal distribution of each wave within the rally is unfolding as 5 waves […]
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SMH Semiconductor ETF Leading the short term correction
Read MoreThe VanEck Vectors Semiconductor ETF (SMH) tracks a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. Such companies include foreign companies that are listed on a U.S. exchange like Taiwan Semiconductor Manufacturing (TSM: NYSE) and also big technology companies like Intel (INTC: NASDAQ) or Nvidia (NVDA: NASDAQ). During this year, the Index made new all […]
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Elliott Wave Analysis: SPX May Start a New Leg Lower
Read MoreSPX short-term Elliott Wave analysis suggests that the decline to 2553.8 low ended intermediate wave (W). Above from there, the rally ended in intermediate wave (X) at 2717.49 high and the same time also completed the correction against 3/13/2018 peak (2801.9). The Index however still needs to break below wave (W) at 2553.8 low, and more […]
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Relative Weakness in Consumer Staple Sector
Read MoreConsumer Staple Sector (XLP) is Underperforming Consumer Staples Select Sector SPDR ETF (XLP) is a basket of 34 companies in the consumer staple sector from the S&P 500. The fund’s holdings are nearly all large-caps. This sector usually shows comparative strength during period of market turmoil. They have also been a popular choice for income […]
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Straits Times Index STI Supporting Stock Market Bulls
Read MoreStraits Times Index (STI) is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Exchange. It is jointly calculated by Singapore Exchange (SGX), Singapore Press Holdings (SPH) and FTSE Group (FTSE). Applying the One Market concept , we know that major world […]
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SPX Elliott Wave View: Calling Reaction Lower Soon
Read MoreSPX Elliott Wave view in short-term cycles suggest that the bounce to 3/13 high (2803.37) ended primary wave ((X)). Down from there, primary wave ((Y)) remains in progress as a double three Elliott Wave structure. The internal distribution of wave ((Y)) shows overlapping structure, thus favored it to be a corrective sequence i.e either W.X.Y […]