Could Silver be in an Emerging Bull Market?

From March to August 2020 the precious metals group of Gold, Silver and Platinum had powerful moves up.  Gold made a new all-time high when it broke above its 2011 peak.  Silver in five months retraced seven years of bear market progress.  These could be the first signs of a new multi-year bull market forContinue reading “Could Silver be in an Emerging Bull Market?”

Stock Market Bears are Running Out of Time

US stocks are seasonally bearish from late August until mid-October.  Seasonal cycles are not precise so it possible there could be more downside action in the coming weeks.  However,  the bears are struggling.  On September 24th, the three main US stock indices made a correction low, followed by a rally that retraced most of theContinue reading “Stock Market Bears are Running Out of Time”

Additional Elliott Wave Confirmation

The prior post focused on Exchange Traded Fund – XLP  as a guide to help with the Elliott Wave count for the US stock market.  The following weekly chart courtesy of Trading View shows an individual stock which so far has  a textbook Elliott Wave pattern. Sometimes small cap stocks involved in speculative buying maniasContinue reading “Additional Elliott Wave Confirmation”

The Clearest Elliott Wave Roadmap

Elliott Wave analysis provides a roadmap of where a market or a stock could potentially be in its cycle.  When studying the stock market, the S&P 500 (SPX) because of its large capitalization and following usually has the clearest Elliott Wave patterns.  Analysis is enhanced by comparing the wave counts of one stock index vs.Continue reading “The Clearest Elliott Wave Roadmap”

Important S&P 500 Bottom on 10/7/20?

Sometimes in Elliott Wave analysis its difficult to differentiate wave degree, this happens when one movement is smaller/larger than waves of the same degree.  This appears to be the case soon after the S&P 500 (SPX) bottom of 9/24/20.  The first rally and decline could be the first two waves of a five wave ElliottContinue reading “Important S&P 500 Bottom on 10/7/20?”

Market Situation After Unexpected Event

Our thoughts and prayers go out to US President Donald Trump and First Lady Melania Trump for a rapid recovery from the Coronavirus. This unexpected event trigger a panic in the financial markets and altered the near-term direction of the US stock market.  My previous post “S&P 500 Continues to Rise” gave a recommendation toContinue reading “Market Situation After Unexpected Event”