Best reading of Elliott wave cycles suggests rally to 7091.7 ended wave ((w)). The Index is currently in wave ((x)) pullback as a double three where wave (w) ended at 6892 and wave (x) ended at 7040. While bounces stay below 7040, and more importantly below 7091.7, expect more downside in wave (y) of ((x)) towards 6788 […]

Best reading of Elliott wave cycles suggests rally to 7091.7 ended wave ((w)). The Index is currently in wave ((x)) pullback as a double three where wave (w) ended at 6892 and wave (x) ended at 7040. While bounces stay below 7040, and more importantly below 7091.7, expect more downside in wave (y) of ((x)) towards 6788 […]

A month ago, everyone went crazy about the crash in Deutsche Bank stock price after hitting record new lows calling for a ” Lehman Brother ” reply scenario meaning the bank filling for bankruptcy . However the DB stock price was at the technical area to end at least the cycle from 03/14/2016 peak and start a 3 waves bounce , […]

Bank of America Corporation $BAC of course is one of the larger market cap stocks in the financial banking sector listed on the NYSE . Most are aware the stock peaked in November 2006 and was sold off heavily during the financial crisis decline then the stock found a low in February of 2009. From […]

Economists often tie the overall health of the economy with the health of the financial sector which took the hardest hit in the 2008 crisis as big companies struggled and Lehman Brothers filled for bankruptcy . People lost faith in the financial system while many others saw the hit as new investing opportunity after the […]

Microsoft Corporation is of course a very well known organization and has it’s large capitalization stock MSFT listed on the Nasdaq and is a component of the Dow Jones Industrial Average, the S&P 500 as well as the Nasdaq 100. In March 1986 the initial public offering price was $21.00 per share.  After many stock splits over the […]