Geopolitical tensions intensified after North Korea conducted its sixth and most powerful nuclear test on Sunday, 3rd September 2017 detonating what it said was a hydrogen bomb meant for intercontinental ballistic missile. The United States warned it could launch a “massive” military response if it or its allies were threatened. Most of the Stock Markets […]

Under Armour (NYSE: UAA) is one of the leading sporstwear companies around the world. However it’s stock has been struggling in the recent 2 years as it lost %68 since September 2015. In our previous article, we pointed out to the current correction taking place which could turn out to be 3 waves flat structure. […]

Cleveland-Cliffs (NYSE: CLF) formerly known as Cliffs Natural Resources is a mining and natural resources company with a focus on iron ore. Let’s jump directly to the daily chart presented below showing the cycle from 01/12/2016 low which was a significant bottom for the stock. Up from there, CLF rallied in 7 swings structure forming a double three structure that ended […]

SPX S&P 500 Long Term Elliott Wave view suggests that the Index has reached the minimum target at 2234.35 to end a big cycle from an all time low. If we assume the Index starts from all-time low of 0, then the rally can be labelled as a zigzag Elliott Wave structure. The first leg […]

BBY Best Buy Inc. earnings report due to this week, the 29th of August. Before we get into the details few words about the company we are about to analyze. According to Wikipedia, Best Buy Co. (NYSE: BBY), Inc. is an American multinational consumer electronics corporation headquartered in Richfield, Minnesota, a Minneapolis suburb. Internationally, it also operates in Canada and Mexico. It […]

Royal Gold (NASDAQ: RGLD) is one of the world’s leading precious metals royalty & stream companies, it’s engaged in the acquisition and management of gold, silver, copper, lead and zinc. The Company owns interests on 194 properties in over 20 countries, including interests on 39 producing mines and 21 development stage projects. During last week, Royal Gold announced fourth […]