Are Transportation Stocks Ready For Big Move Next Week?
Friday the transportation (IYT) sector made a comeback from this week’s lows along with clearing resistance from its 200-Day moving average (DMA) at $249.46.
Next...
German DAX Reversal Underscores Bullish Elliott Wave Analysis
Global stocks are turning up, with the German DAX Index looking very strong.
In Elliott wave language, the German DAX is acting very impulsively...
Three Bearish Stock Market Breadth Indicators
One of my early mentors, Ralph Acampora, always told me to focus on price. If you know nothing else about stocks, analyze the price...
The Stock Market Fails To Clear Key Price Levels
On Wednesday, the Federal Reserve announcement continued its past promises of reducing their bond-buying program and keeping interest rates low.
The 120-billion-dollar bond-buying program will...
Stock Market Outlook Tainted By Volatility Influx
The S&P 500 Index has been volatile following Monday's heavy selling. Tuesday saw the index fall by -0.08%. And overnight futures are pointing higher.
Market...
Is the Stock Market Sending Mixed Signals to Dip Buyers?
On Tuesday, the stock market attempted a recovery with an initial gap higher followed by choppy price action throughout the day.
Because the market is...
CAC 40 Index Sends Ominous Sell Signal To French Equity Investors
The European equity markets have rebounded from the last year's coronavirus crash lows with similar zeal to that of the United States.
Several major equity...
S&P 500 Index Reversal Near? Watch Key Price Support!
Friday, the S&P 500 (SPY) broke an important support level by closing under the 50-Day moving average and this week's low.
While this was an...
Natural Gas ETF Breaks Out Fueled By Seasonal Strength
Just two weeks ago, I shared a breakout setup for Natural Gas and wondered, "Is It Time For Natural Gas ETF To Head Much...
Japanese Yen Currency Pairs Nearing Elliott Wave Support
The US Dollar / Yen currency pair (USDJPY) continues to move sideways. It's trapped in a tight range so we assume that it's a...
