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
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
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.