Tag Archives for " technical analysis "
Walmart…Dancing with the Bear
Walmart (WMT) stock peaked in January 2015 with a high of $90.97. This was the peak of a 5 wave cycle that began 35 years earlier.
The Dow Jones Industrial Average is at all-time highs these days but Walmart, one of the Dow 30 stocks, is trading well off its all-time high at $68.87. It hit a post-peak low of $56.30 in November 2015. Continue reading
Is the Model 3 Pushing Tesla to 400 and Beyond?
Tesla (TSLA) has been acting like a rocket ship lately up about $88 a share (49%) in just the last 2 months. It is rapidly gearing up for production of the Model 3 which will be its lowest priced model available.
In the video below I analyze the weekly and daily charts of TSLA to see where in the Elliott Wave cycle TSLA currently sits. My assessment may or may not surprise you. Continue reading
Netflix Survived a Mini Bear but…
In the attached video I look at the long-term weekly chart of Netflix (NFLX) and the daily chart from an Elliott Wave perspective. This is an update to a video I did 7 months ago.
Nothing goes up forever and yes even the most popular stocks go thru some severe bear markets. NFLX lost 83% of its value from July 2011 to August 2012. Enjoy the video. Continue reading
Will China Crow This Year or Get Plucked?
Happy Chinese New Year! Today is the first day of the Chinese New Year and it’s the year of the Rooster. This celebration actually started on Friday, New Year’s Eve and goes on for a couple of weeks. It is also called the Spring Festival. I talk about this more in a previous post.
The stock markets in China were closed on Friday and won’t open again until next Friday. The Hong Kong Stock Exchange is closed on Monday and Tuesday.
Trump Presidency: How will the Market React?
Well, we now have a new president with Donald J. Trump sworn in as the 45th President of the United States yesterday. The stock market has been on a tear since the election.
As of the close on January 19, the last trading day prior to inauguration, the Dow Jones Industrial Average (DJIA) is up 7.6% from the close on November 8, Election Day. Continue reading