Rethinking the “Trump Stock Rally”
[vc_row][vc_column][vc_column_text title=”Rethinking the “Trump Stock Rally“”]Market watchers have widely credited Donald Trump’s election victory for the late 2016-early 2017 rally in stocks. As reported by CNNMoney, the market had shot up nearly 1,600 points between election day and the end of the first trading day of 2017, and it was up 13% for 2016 overall. […]
Gold Update (from Sid) – January 11, 2017
[vc_row][vc_column][vc_column_text title=”Gold Update”]My last ElliottWavePlus.com blog post about gold (on December 5) suggested that the deep correction in Gold was nearly finished. Gold bottomed on December 15, and has rallied nicely through today. ElliottWavePlus “Pro Plan” and Basic Plan” subscribers were made aware in the days leading into the December 15 low that Gold was […]
What’s Up With Gold?
[vc_row][vc_column][vc_column_text title=”What’s Up With Gold?”]Gold has certainly seen an interesting 2016! From December 3, 2015 to July 6, 2016 gold rallied 30% (from $1061.80 to $1388.50). Since that mid-year high, gold has fallen back to $1158.60 as of this morning, December 5, 2016, a drop of about 16%. Let’s take a look at the technical […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Many Elliotticians are counting the rise since March 2009 as a cycle-degree wave B now, and many are counting the internal wave structure of the cycle wave B as a double zigzag. The weekly chart above provides […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. While it appears that the August high will hold in the DJIA, as I’ve been showing in my weekend “Counts” webinar the last two weeks, the S&P still has a last-ditch chance of making a slight new high […]
