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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Retail Industry Index Providing The Next Long
Read MoreThe S&P Retail Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS retail sub-industry. For this article we’ll be using The SPDR S&P Retail ETF (XRT) which tracks an equal-weighted index of stocks in the US retail industry and correspond generally to the total return performance of the S&P Retail Select Industry Index. The performance […]
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NASDAQ Elliott Wave view: 11.24.2017
Read MoreNASDAQ Short term Elliott Wave view suggests that the decline to 6230.31 on November 15 ended the intermediate wave (4) dip. A rally from there is unfolding as a double three Elliott wave structure and the index is already into new highs suggesting that next extension higher has started. As the structure of the 11/15 low 6230.31 low looks to be overlapping, […]
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SPX Elliott Wave Analysis 11.17.2017
Read MoreSPX Short-Term Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback ended at 2557.45 as a double three Elliott Wave structure. Down from 2597.02, Minor wave W of (4) ended at 2566.33, Minor wave X of (4) ended at 2587.66, and Minor wave Y of (4) ended at […]
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SPX Intra-Day Elliott Wave Analysis
Read MoreSPX Intra Day Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down from 2597.02, Minor wave W of (4) ended at 2566.33 and Minor wave X of (4) ended at 2587.66. While staying below 2597.02, expect […]
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Chevron (CVX) Looking for New All Time Highs
Read MoreChevron Corporation (NYSE: CVX) is an American multinational energy corporation. It engages in integrated petroleum operations, chemicals operations, mining operations, power generation and energy services related to Oil and Natural Gas. Oil-company stocks tend to rise when oil prices goes higher, Chevron is no exception that’s why as Oil market is turning bullish after the recent break in price above […]
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$SPX Bounce from the 8/21 lows is Impulsive
Read More$SPX Bounce from the 8/21 lows is Impulsive The $SPX Bounce from the 8/21 lows is impulsive and does display the usual characteristic traits of an Elliott Wave impulse. Looking back previously before this 8/21 date, the stock index is within an obvious uptrend in multiple degrees. In this we are mainly focused upon this particular time frame […]