What’s Driving the Markets this Year? 

What’s been driving the markets this year? If your market research consists primarily of watching financial television channels, you’d swear that the Fed must be controlling all market movements like it was a puppet master!  The vast majority of TV pundits will answer questions about where the market is going next with at least some mention of the Fed.  Let’s look at all the Fed’s rate changes so far this year to see if they are producing consistent buy or sell signals for investors and traders.

How to Utilize Elliott Wave Plus

Welcome to the October 2022 Quarterly Premium Plan Webinar.  These quarterly events are Elliott Wave Plus’s most anticipated events. Our current subscribers find these recording extremely useful, as do our free visitors at ElliottWavePlus.com.  This video and blog will show how to best utilize our service offerings here at Elliott Wave Plus and will help new subscribers decide which subscription tier is right for them.

Quarterly Premium Plan Webinar and Sortable Spreadsheet – Aug 4, 2022

We believe our sentiment condition screenshots are so amazingly valuable to traders, we wanted to spend some time showing viewers how to read those charts, and how to utilize them in your trading. These charts show DSI (retail positioning), and multiple measures of commercials (the producers/hedgers) positioning. As we all know, retail traders are notoriously positioned on the wrong side of trade at major turns. Knowing retail vs commercial is crucial when timing your trades.

Quarterly Premium Plan Webinar – January 25, 2022

It’s the first quarter of 2022, which means you’re in luck! The quarterly premium-plan webinar is now available for everyone to watch! If you’re new to Elliott Wave Plus, this is a chance for everyone to view an in-depth webinar where Sid goes over everything our premium plan subscribers get on a nightly basis! Every 3 months, Elliott Wave Plus reoptimizes it’s proprietary algos to the most current 3-year backtest results. In this blog, you will see all of the items covered on the nightly algo report, and which items have had the best results. Spoiler alert, the S&P-500 equivalent (SPX ES) had some amazing results! There were plenty of interesting topics discussed during the live webinar, so we encourage you to watch the entire video. Also, Sid has a special promotion for anyone interested in his most recent 4+ HOUR weekly counts webinar, where he goes over all of his Elliott Wave counts and associated Fibonacci price targets, for many of the world’s major stock markets, commodities, currencies, and bonds. Hurst Cycle analysis is also considered on virtually all items.

The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!

Dow Jones Industrial Average | Comprehensive Technical Analysis

Dow Jones Industrial Average – Comprehensive Technical Analysis
Today’s video post is an excerpt of our January 2, 2022 weekly Counts webinar for Pro and Premium Plan subscribers at ElliottWavePlus.com.  This excerpt consists of Sid’s highly detailed coverage of the Dow Jones Industrial Average.  Sid starts by showing a cluster of several long-term Fibonacci targets in the 41-44K range on the Dow.

Sid explains that all this market needs to produce that grand Supercycle wave 3 top is a completed 5-wave structure up from the March 2020 low into that long-term target range.  At this juncture, it appears that a 5-wave non-overlapping impulse is well underway from that March 2020 low.  Hurst cycle analysis is current projecting that a major top will occur in the Dow in approximately late-May 2022.  The Hurst projected top on the highly correlated S&P-500 is a little later, in late-Sept 2022.

GDX Miners Call 2021

GDX miners coverage 2021. In mid-November of 2021, there was a flood of articles being published around the internet that were extremely bullish gold, silver and the precious metals mining stocks. We know that at the time, there were also numerous self-professed Elliott Wave gurus preferring bullish wave counts. Sid’s use of Elliott Wave and Hurst allowed him to project an accurate GDX roadmap for subscribers.The key to our GDX roadmap was the expectation of a 20-week Hurst cycle PEAK in mid-November. Just as the masses were screaming “GOLD BREAKOUT!”, we were expecting a reversal.Check out the video, which is a great example of Sid’s typical weekly “counts” webinar coverage. Keep in mind, this is coverage over one specific item. Sid goes into detailed analysis on dozens of items every single week.
XLE Call

Then, more recently, during his August 22, 2021 weekend “Counts” webinar, Sid suggested that the correction since March in XLE had likely ended, and that large-cap oil companies should rally once again for several months, this time out of a larger 18-month Hurst cycle trough.  As of today, XLE is up 31.61% from its August 19, 2021 low.

The Outcome

To put this into perspective, had subscribers bought $10,000 worth of XLE at the open on November 2 ($29.11), and closed that position upon the first appearance of a deeply overbought pink exhaustion stripe on our daily charts (at $52.20 open on March 10, 2021), that 10K would have turned into $17,932, a profit of $7,932.  Additionally, had subscribers bought $10,000 worth of XLE at the opening price of $47.00 on August 23, and held until the first pink exhaustion stripe occurred, taking profit at $57.62 on October 22, that would have turned the $10K investment into $12,260, an additional profit of $2,260.  Total profit by these two example trades?  $10,192.  Not too shabby!

Our question for you is, if you aren’t a current subscriber, why not?
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!

XLE Precision Timing 2021

As a reminder, during his November 1, 2020 weekend “Counts” webinar for Pro and Premium Plan subscribers, Sid Norris of ElliottWavePlus.com suggested that the large-cap Oil companies ETF: XLE would rally big for several months out of a 40-week cycle trough.  XLE went on to rally from 101.52% (from 26.98 to 54.37) through March 11, 2022. See our previous YouTube video showing Sid’s call here.

XLE Call

Then, more recently, during his August 22, 2021 weekend “Counts” webinar, Sid suggested that the correction since March in XLE had likely ended, and that large-cap oil companies should rally once again for several months, this time out of a larger 18-month Hurst cycle trough.  As of today, XLE is up 31.61% from its August 19, 2021 low.

The Outcome

To put this into perspective, had subscribers bought $10,000 worth of XLE at the open on November 2 ($29.11), and closed that position upon the first appearance of a deeply overbought pink exhaustion stripe on our daily charts (at $52.20 open on March 10, 2021), that 10K would have turned into $17,932, a profit of $7,932.  Additionally, had subscribers bought $10,000 worth of XLE at the opening price of $47.00 on August 23, and held until the first pink exhaustion stripe occurred, taking profit at $57.62 on October 22, that would have turned the $10K investment into $12,260, an additional profit of $2,260.  Total profit by these two example trades?  $10,192.  Not too shabby!

Our question for you is, if you aren’t a current subscriber, why not?
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!

The Recording of the Elliott Wave Plus Quarterly Premium Plan Webinar – October 19, 2021

Another quarter has gone by, which means it’s time for Elliott Wave Plus to reoptimize our proprietary algos to the most current 3-year backtest results. In this blog, you will see the everything our Premium Plan subscribers have access to on a nightly basis.

The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!

Gold Mining Stocks – GDX Traded with Precision Timing

On March 28, 2021, Sid published the above chart of GDX for Elliott Wave Plus Basic Plan, Pro Plan, and Premium Plan subscribers:

Sid’s roadmap had GDX ready to bottom in early April, rally through late May, and then pull back sharply into a large Hurst cycle trough due in mid-August. His late-March 2021 main Elliott wave count predicted that the correction that had been underway in GDX since the early August 2020 high would eventually unfold as a WXYXZ triple zig-zag, likely ending in mid-August 2021, in harmony with the Hurst cycle analysis at the time.

The chart below is a current GDX weekly (through Sept 13, 2021):
This has been our challenge at Elliott Wave Plus, and we have alerted subscribers to several buying opportunities in undervalued sectors on the verge of ripping higher over the past year. We have posted YouTube videos of a couple of these timely alerts over the past year.
The first was our call to buy XLE (the large cap oil companies) in late October 2020. (See the post and video here). XLE more than doubled over the following 4.5 months. At the time that we made that call, famous talking heads on financial propaganda TV were vehemently recommending avoiding the sector. The second was our call to buy stocks in the shipping sector in early November 2020. (See the post and video on the shipping sector here.) Many, many stocks in that sector have more than doubled since then as well. In both examples, the sectors were at exceptionally low junctures after being beaten down for an extended period, and almost no one was talking about them.
In this post, we will show you another sector buying opportunity that we pointed out to subscribers in late March of this year. GDX (the Gold Miners ETF) has been up as much as 16+% so far since our mid-week (March 31) EWP ScreenShot (for Basic Plan and up subscribers) suggested an imminent turn to the upside. That suggestion that GDX would rally came after the precious metals sector endured seven long months of downside chop. Many of the companies in this recently neglected sector have been nicely profitable all through that multi-quarter correction, so bargain valuations have been easier to find here than in most other sectors.
The question is, does this rally have legs, or is it already done? There are many technical aspects we are actively looking at for clues, including a potential bullish 1-2-1-2 wave count from the early-March low, combined with the expectation of future peak and trough dates based on Hurst cycle analysis. We will keep our subscribers aware of our projected future roadmaps on GDX in addition to many tradable items with EWP ScreenShots of our analysis every Sunday and Wednesday (Basic Plan), as well a multi-hour weekly Sunday video (Pro Plan), excerpts of which were used to produce the YouTube video featured in this post.
Also shown in the attached video is a potential trade signal and associated multi-indicator setup produced by our proprietary momentum algo on GDX. Our Premium Plan provides screenshots and automated momentum trade signals on twenty popular items every night. Many of our subscribers use these nightly signals as confirmation of our proprietary analysis based on a combination of Elliott wave and its associated Fibonacci price targets, as well as Hurst cycle analysis.

Thrift Savings Plan TSP

Thrift Savings Plan | TSP Charts. Elliott Wave Plus is now providing weekly coverage on TSP funds (Thrift Savings Plan). Investing in TSP funds doesn’t have to be passive. Being aware of each fund’s current condition is critical when trying to decide where to invest. We have started charting the five core funds offered in the Thrift Savings Plan and are including two bonus charts each week to help the TSP participants have a broader picture of the overall market. Every week, Elliott Wave Plus will post these charts to the website under the current Trend Plan subscription. Subscribers will receive everything our Trend Plan has to offer, but will also receive the following:VOO – Vanguard S&P-500 VXF – Extended Market Index (small & midsize stocks)VEA – Markets around the globeBND – Total Bond Market VGSH – Short-Term Treasury

The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!