Category Archives: E-Wave

The S&P 500 Is Headed Over 3000

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Note from Tim: In case it isn’t screamingly obvious, I did not write this post.

Many will simply read the headline to this article, and use it as support for their belief in the market striking a multi-year top right now. I mean, aren’t headlines like this proof that the market is overheated?

Well, the answer is a definite “sometimes.” You see, back in 2015 and 2016 I was writing articles with headlines saying that we are going to target the 2500SPX region. And, if you thought that those headlines were portending the end of the bull market, then you were clearly wrong. So, consider, maybe this headline is prescient rather than a contrarian signal.

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Dow Back at Record Highs – Where’s the News?

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By Mike Golembesky, ElliottWaveTrader.net

In early September I wrote an article that asked the question, “Is it back to buy the dip or time to sell the rip?”

Since the publication of that article, the Dow has moved up over 900 points off of the low that was struck on September 5th. So clearly the answer to the question asked early this month was that it was still indeed time to buy the dip on the Dow Jones Industrial Average.

We now ask how much higher can the Dow go prior to seeing a significant retracement as we enter the final quarter of 2017? (more…)

The Recent Metals Action Is “Causing” Me To Change My Life

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I have made a ground-breaking discovery this past week.  It is so earth shattering, that it will literally change the course of my life, and may cause you to change yours as well.  Let me explain.

Maybe you believe that the stock market volatility was the reason the metals rose?  Well, the S&P500 is within 2% of its all-time highs, yet the metals have continued to rally alongside the market.

And, maybe you believe that North Korea is the reason that the metals have rallied?   Well, I have dealt with that issue last week, so I do not have to re-address it here again.  But, suffice it to say that anyone who has really followed geopolitical events will know that gold has moved in completely opposite directions during such tensions through history, and they will never provide directional guidance for the metals. (more…)

Does Your Neck Hurt Yet From The Metals Action?

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Reading most metals analysis in 2017 has been like watching a tennis match with the analysis going back and forth over the net between bullishness and bearishness.  As the market reaches its highs, analysts turn bullish, and as the market reaches its lows, analysts turn terribly bearish. And, when the sentiment of the market has reached these extremes, it has marked the point in time when the markets have turned.

As I have also tried to warn all year, anyone who uses trend lines as their primary method of analysis has been terribly whipsawed, as the metals love to exceed trend lines right before they reverse strongly.  This is one of the biggest reasons many have become terribly bullish at the highs (right before the market has reversed), and terribly bearish at the lows (right before the market reversed as well).  So, does your neck hurt from all this back and forth during this whipsaw? (more…)

Markets Are Virtually Risk-Free

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By Avi Gilburt, ElliottWaveTrader.net

For the last year, I have been looking for what we classify as a wave (3) to strike the 2500SPX region. And, now, we are getting quite close.

Meanwhile, this rally has brought out two camps of market expectations at this juncture, both of which I believe are wearing blinders. We read about those who believe the markets basically have no limit to their upside, and are “virtually risk-free,” and we read those who have “known” that the market will imminently crash during this entire 40% rally since February 2016.

Do you know who Goldilocks is?

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Mr. Trump: You May Not Want To Take Credit For The Stock Market Just Yet

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Stock market is still bullish

If you have followed my analysis through the years, you would know that I have correctly been steadfastly bullish the stock market for quite some time.   In fact, I was one of the very few who expected the market to rocket higher even after Donald Trump won the election last year.

And, now, we are approaching the S&P 500 target in the 2500SPX region we expected to strike in 2017.  However, just because the market has rallied strongly after the election as we expected, it does not mean we expect it to continue into the next election season. And, let me explain why that is so important.

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