Daily Elliott Wave Analysis of Freeport-McMoRan Inc. $FCX

2016-10-27_FCX-d

    Freeport McMoran based in Arizona, USA is the largest copper and molybdenum producer in the world. In 2015 , 67% of revenues were from the sale of copper, 11% were from the sale of petroleum, 10% from the sale of gold, and 5% from the sale of molybdenum. Without doubt the company balance sheets have suffered in the commodity price declines since 2008 however assuming this trend lower is over as well as the financials get ironed out the company stock should eventually respond with higher … [Read more...]

Deutsche Bank Short Term Recovery ( Technical Analysis )

Deutsche Bank Daily Chart 10.14.2016

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 , this view was supported as the stock was trapped in a falling wedge with a bullish divergence . Since making a new low in 09/30 at 11.19 , the stock started a … [Read more...]

$BAC Near Term 4 hour Elliott Wave Technical Analysis for Bank Of America

2016-10-17_BAC-4h

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 that point in the longer term chart I'm not going to get into what the Elliott Wave count is or is not as there is a couple of likely probabilities however what I want to mention that is important from … [Read more...]

Financial Sector Overview

Financial Sector Stocks

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 " Too big to fail " companies found a way out of the crisis . Tracking the Financial Select Sector SPDR Fund ( XLF ) which represents one of the largest portions of the … [Read more...]

Microsoft Weekly and Daily Elliott Wave Analysis $MSFT

Microsoft Weekly and Daily Elliott Wave Analysis $MSFT

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 years each original share would now be 288 shares. After price has now been adjusted for splits reflected on the chart, this brings the original issue price to 9.7 … [Read more...]

Technical outlook for BJRI stock

BJRI

BJRI   The California chain BJ's Restaurants was founded in 1978 and went public in 1996 by raising $9.4 million . In 2010 , the National Retail Federation named it as one of the 10 fastest growing restaurants in the U.S. based on year-over-year sales as it keeps expanding by adding new locations and offering new services. Technical analysis of BJRI is showing that the stock is still in a corrective mod since making the 2011 peak $56.64 , it already bounced from 50%-61.8% … [Read more...]