Tag Archives for " DXY "

0 Monkey Business

The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.

Year of the Monkey

We won’t get any clues from China this week as the markets are closed for Chinese New Year or Spring Festival as it is also called. The Chinese New Year begins Monday, February 8 and it’s the Year of the Monkey…the Fire Monkey to be exact. I didn’t see any China economic reports due out either, until February 14.

The Shanghai Composite Index compressed further in pre-holiday trading. It still looks like consolidation in a downtrend. In the chart below I show the next support level, which is still another 10% down. Continue reading

0 Extreme Conditions

January 2008 – January 2016

The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis. 

The retracement in the stock market continues and we are now rapidly approaching my targets for this 4th wave.

Continues to Plummet

In the Baltic Dry Index chart above you can see that it continues to plummet to new all-time lows.  I last talked about this on January 6 in the post “What is the Baltic Dry Index Saying Now?” The situation is now much worse. Continue reading

0 Stock Market Decline…Most in 12 Weeks

Selling continues on Friday with the DJIA down 200, the SPX down 23 and the Nasdaq down 77 points. Almost all the indices closed the day and the week either on their lows or just fractionally off the lows. It doesn’t paint a pretty picture for Monday.

The stock market decline was the largest of the last 12 weeks. The last week to drop this much or more was the week ending August 21. That Friday was followed by the huge wave of selling on Monday August 24th.

In today’s video I talk about the “line in the sand” that, if crossed, confirms my Elliott Wave count. And when that happens we will be moving to new lows below 1867 on the SPX. So as I said in my post/video on October 31, “fasten your seatbelts”. Continue reading

0 Stock Market Today – Weekend Edition

In today’s Weekend Market Analysis video I look at the U.S. stock market today from both daily and weekly views. This includes all five key indices, indicators and key ETFs.

I’ve had basically the same Elliott Wave count now for the entire year. I am not changing it, as it is my primary count, but I have now created an alternate count for the stock market that I discuss in today’s video.  The Elliott Wave counts are on the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA). Continue reading

0 Elliott Wave Count…Buckle Up

The stock market closed out one of it’s best months in a long time with the S&P 500 (SPX) up 8.3%.  Bulls are licking their chops. But after the very violent move down August and again in late September, a strong snap-back rally fits the Elliott Wave count perfectly.

There are several dynamics at work right now and I talk about all these in today’s Weekend Market Analysis video. In addition to the daily charts we look at the weekly and monthly charts today. According to my Elliott Wave count, it is time to fasten your seat belts. Continue reading