Commodity Special: Fireworks Of Opportunity
Celebrate the Fourth of July Holiday weekend early with the brand-new July 3 Daily Futures Junctures “Weekly Wrap-up” edition. In this explosive publication, editor Jeffery Kennedy sets off two dozen fireworks of opportunity in these (and more) key markets: Cocoa, O.J., Soybeans, Lumber, Pork Bellies.
What It's Like To Feel Less Rich – and Fatter
According to a dietitian who charges Wall Street executives $600-$800 a month for her services: "The number one concern that they have is the state of the financial market,” she said. “There definitely is a correlation between the stock market and weight gain.” Here's a better way to face the coming crash.
Credit Crisis: The “Naked” Truth
In the words of renowned financier Warren Buffett: “Only when the tide goes out do you discover who’s been swimming naked.” The tide of the U.S. credit industry is out. And everyday, more and more titans of finance are found standing in the shallow water without swimming trunks...
New Quarter, Same Trend; Secular Bear is Settling In
Yes, the secular bear market is here. In fact, it’s been here for a while – and it’s going to stay for a while. These charts show you how much further there is to go down.
Asia Pacific Stocks: "Worst Half Since 1992"
Asia-Pacific stocks suffered their “worst first half [of the year] since 1992,” reported news headlines this week. Plus, Japanese and Chinese manufacturers reported significant declines in activity. You might think that the reported slump in manufacturing in the region’s two biggest economies might be a big reason for the poor performance of Asia-Pacific stocks in the first six months of this year. And, in a way, you’re right...but probably for the wrong reason.
U.S. Dollar Vs. Euro: Expect A Turbulent Thursday
On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number to show a 60,000 reduction. Question: How would the two events affect the U.S. dollar's standing against other currencies?
Corn And Wheat: Never A Dull Moment
Expecting markets to always behave according to your trading models is futile, and experienced traders know that. Being prepared to "assess, adapt, relabel and move on!" is an excellent piece of advice, because markets will throw you a curve ball more often than you'd expect. Elliott Wave International talks about how.
Corn And Wheat: Never A Dull Moment
Expecting markets to always behave according to your trading models is futile, and experienced traders know that. Being prepared to "assess, adapt, relabel and move on!" is an excellent piece of advice, because markets will throw you a curve ball more often than you'd expect. Elliott Wave International talks about how.
Is This Any Way To Run A Stock Market?
It's only after GM loses 70% of its market value that it's finally voted downgraded. Why does the market lag so far behind such results? Elliott Wave International has some ideas.
VIDEO: Asian Stocks -- From Boom To Bust?
You may have noticed a lot of news about mass public protests recently in Asia. Is it a coincidence that these protests broke out at the same time when Asian, Australian and Indian stock markets have taken big hits? Watch this FREE VIDEO for answers.
European Stocks: Five-Wave Moves Speak Volumes
Summer months are rarely favorable for stock investors. ("Sell in May and go away," remember?) What complicates things now, however, is the ongoing liquidity crisis that has plagued the markets for almost a year now. And while some analysts out there keep saying "the worst is over," others are not so optimistic.
Soybeans: Showers Of Opportunity
On June 26, Soybean prices rocketed to a new all-time high and took the entire grain complex by storm -- literally. According to the mainstream experts, severe thunderstorms in the already inundated Midwest region are lifting the market’s tide...
Dow Declines 358 points? Phooey -- Here's a REALLY Big Number
The stock market will have to fall a lot further to get close to a number that's been a lot more painful for a lot more people: $24,300. That is the dollar figure you get when you quantify the eleven-plus percent decline in the median sales price of existing homes, since the peak in 2006 -- and that's using the data conservatively ($221,900 in 2006 vs. $197,600 through Q1 of 2008).
EURUSD: Interest Rates Unchanged. Now What?
Now that the Federal Reserve left U.S. interest rates unchanged and the U.S. dollar lost on the news, the question is: Was that all of the "pressure" the USD would see, or is there more to come? Here's a chart Elliott Wave International's Currency Specialty Service showed right before the Fed's announcement on June 25...
EURUSD: U.S. Interest Rates Unchanged. Now What?
Now that the Federal Reserve left U.S. interest rates unchanged and the U.S. dollar lost on the news, the question is: Was that all of the "pressure" the USD would see, or is there more to come? Here's a chart Elliott Wave International's Currency Specialty Service showed right before the Fed's announcement on June 25...
Cocoa's Critical Mass: Sweet Serenade or Swan Song?
Cocoa's price has doubled over the past two years, with much of that gain coming just this year (from nearly 2000 per metric ton in January to 3147 today). The meteoric rise has people talking optimistically about prices (but only if you aren't a chocolate addict.) The path may seem clear for Cocoa, but Elliott Wave International's Senior Commodities Analyst Jeffrey Kennedy isn't convinced. Find out why.
Free Week Is Over, BUT... The Opportunities Have Just Begun
On Wednesday, June 25, Elliott Wave International completed its annual Financial Forecast FreeWeek event.
Thousands of people from all over the world took advantage of instant, no-cost access to the uniquely rich insights and lessons that come with our subscriber-only services. Here are just some of those FreeWeek highlights: The Fed, the Dow, Gold, Oil, and the Credit Crisis...
Dollar vs. Euro: What Will The Fed Do On Wednesday?
Going into the June 25 interest rate decision by the Federal Reserve, forex analysts unanimously say they expect the Fed to keep interest rates steady. I guess we'll just have to listen to what Ben Bernanke says in his announcement and try to read between the lines. Unless, of course, instead of listening to Bernanke, you try and listen to the market itself...
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Cotton Prices: Higher Still, Or Is Top In Place?
Scan commodity markets' news headlines right now, and chances are you won't find too many stories about cotton. And if you look at a chart of cotton futures, you will see that prices have been in a slow decline for a few months now. Coincidence? Hardly.
Will the Fed Increase Interest Rates? Does It Even Matter?
People are anxious about Ben Bernanke & Co. right now, as the ritual fixation intensifies regarding this week's Fed meeting: "Will the Fed increase interest rates? Will it decrease them? Or will it do nothing at all?!" A better question might be: Should we even care?
Gold In A Freefall: Make-Or-Break Time
On June 20, Elliott Wave International’s Metal's Specialty Service gave the GOLD “Bears the benefit of the doubt” and increased the odds for a major “breakdown.” Flash ahead to Monday June 23 and behold: Gold prices dropped like a lead balloon… tied to the end of a falling meteorite in a $30 per ounce slide to fresh, one-week lows.
New Study: European Housing Bubble Makes U.S.'s Look Tame
Comparing the Japanese real estate mania from the 1980s with the current U.S. and European housing bubbles leads our analyst to this conclusion: what the United States has been going through is merely a "mild prelude of what could happen in Europe."
Mortgage Fraud: The Mighty Have Fallen
On Thursday, June 19, the U.S. Justice Department announced the results of phase ONE of “Operation Malicious Mortgage”-- a nationally coordinated crackdown against conspiracy, corruption, and fraud in the country’s leading mortgage companies...
Is Gold REALLY a Safe Haven in Recessions?
"Gold always goes up in recessions and depressions." Is it true? Should you own gold because you think the economy is tanking? Whenever we hear some claim like this, we always do the same thing: We look at the data. The results speak for themselves...
Soybeans: Train To Opportunity
When it comes to riding the train of opportunity in SOYBEANS, there are two different railways for market players to take: 1.) The “F” line, or fundamental line. AND, the "E.W.I" line, conducted by Elliott Wave International's longtime commodity specialist Jeffrey Kennedy...
Forex: "When U.S. Stocks Decline, the Dollar Rallies?"
There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies. But can you really forecast the trend in one market based on another with consistent results?
The Dow's Drop: Hit Bottom?
This describes sentiment extremes in the world’s leading financial markets: When the crowd of market advisors, investors, traders, analysts, brokers, media outlets and all around “experts” share a bullish viewpoint, prices are set to come hurtling down...
Wanted: Ideas To Help Put Phi Day on the Calendar
The ratio that governs Elliott waves, architecture and spirals, to name a few, is so deeply satisfying aesthetically and intellectually that it almost deserves to have two dates to celebrate it. It takes a certain dedication to appreciate all the ramifications of phi (pronounced "fie").
Fibonacci, the Declaration of Independence & Equality
Once you know how the Fibonacci sequence and the golden ratio, phi (0.618), tie into the ebb and flow of life, you tend to notice relationships based on them. The recent U.S. presidential primaries present a chance to reflect on how landmark events in the struggle for equality in U.S. history fall on Fibo dates.
Sugar Futures: Simple Move Makes for Big Changes
The entire foundation of the Elliott Wave Principle is based on three simple rules: Wave 2 can never exceed the origin of Wave 1; Wave 3 can never be the shortest wave; Wave 4 may never end in the territory of Wave 1. Here's what happens if one of them is violated.
Jeffrey Kennedy Reveals His Secrets Of Trading Price Gaps
Jeffrey Kennedy is one busy analyst. In addition to writing Monthly Futures Junctures, Daily Futures Junctures, Traders Classroom, and posting daily video updates, Jeffrey has somehow also found the time to put together a live webinar this June 24th. We were lucky enough to find Jeffrey's few spare minutes to sit down and ask what he'll be teaching us this time.
Oil Prices: Thorn In Stocks' Side?
Word on Wall Street is -- High oil prices are to rising equities what a blaring siren is to baking soufflé. See: Friday, June 13 news item regarding the 365 point cave in of the Dow Jones Industrial Average: “Oil prices were the primary culprit [for] the epic collapse.” (Forbes)
The problem is -- there’s no concrete evidence whatsoever to support such a claim. Never has been.
Massacre At The Top: Lehman's Not The First, Last, Or Even The Worst
The heroes of the boom times have seen some troubled months. A full year after they first told us "the worst of the credit crisis is over," we're reading monthly (sometimes weekly) news about big-name CEOs (et al) getting the axe. If anything this trend is picking up steam, hardly a "worst is over" scenario. But who's really to blame?
Cotton Futures: Simple Does The Trick
Just like most with technical analysis methods, you can spend days coming up with different ways of applying Elliott wave analysis in your trading – or you can try and keep it simple. Personally, I much prefer simple. Trading is complicated enough.
Happy Phi Day: Fibonacci Sequence Explained
With Phi Day, 6-18, quickly approaching this week, it's time to finish explaining how phi, the Fibonacci sequence and wave analysis are intertwined.
The Risks Of Running With The Herd
Trading volume has never been higher. Ever. As for economic growth and household finances, a few figures can tell most of the story: Household liquidity stands at negative 20%; the personal savings rate is below one percent; and household debt as a percentage of personal income is approaching 120%. Total debt (economy-wide) is some 350% of GDP.
So why would a growing number of investors place ever-larger bets on an increasingly under-performing economy?
The Risks of Running With the Herd
Trading volume has never been higher. Ever. As for economic growth and household finances, a few figures can tell most of the story: Household liquidity stands at negative 20%; the personal savings rate is below one percent; and household debt as a percentage of personal income is approaching 120%. Total debt (economy-wide) is some 350% of GDP. So why would a growing number of investors place ever-larger bets on an increasingly under-performing economy?
The Risks of Running With the Herd
Trading volume has never been higher. Ever. As for economic growth and household finances, a few figures can tell most of the story: Household liquidity stands at negative 20%; the personal savings rate is below one percent; and household debt as a percentage of personal income is approaching 120%. Total debt (economy-wide) is some 350% of GDP. So why would a growing number of investors place ever-larger bets on an increasingly under-performing economy?
Stocks: How Do You Win In Choppy Markets?
Trading is only easy when the market is going up. That's not been the case lately; I remember watching CNBC during the Internet craze of the late 1990s, when they would sometimes go to a college campus and interview "day trading whizzes" that were "making a killing" trading tech stocks. I sometimes wonder what happened to them. Did they make their millions and retire young? Or did they go bust – as about 90% of market speculators do – when the NASDAQ crashed in 2000? Which brings to mind another memory...
Futures Junctures: The Gift Of Opportunity
This Father’s Day weekend, give dear ole dad a gift he can actually use, unlike -- say -- a singing necktie. My suggestion: Elliott Wave International’s Senior Commodity Analyst Jeffrey Kennedy’s just published June 2008 Monthly Futures Junctures. Here’s a sneak peak at what’s in store...
Trading: How To Identify Support and Resistance Levels
Once again, I sit down to speak with Jeffrey Kennedy, Elliott Wave International's Senior Commodities Analyst and editor of Daily Futures Junctures, a service that brings you daily opportunities in commodity markets. Today, we talk about ways to identify support and resistance levels in market charts.
Euro Vs. U.S. Dollar (Forex): When News Doesn't Move Markets, What Does?
Forex markets have been volatile lately, and you've probably heard mainstream forex analysts citing various economic and news reports, trying to explaining why. There is one major problem with the premise that markets are moved by the news, though. If you continue this logic, on days when there are no major economic reports, you would expect markets to go sideways. And yet even on those days, the market moves, too. How come?
Flailing For Answers About Gold: Does Anyone Know Anything?
Everyone's scratching their heads lately at the news. In a first-season episode of The Sopranos that aired almost nine years ago, Tony Soprano's pronouncement that "Nobody knows anything!" still resonates. Anyone listening to the media and expert analyses has heard it all -- Gold's been a hot topic for months now. But who's got it right really?