Posts Tagged ‘stock market’
Stocks on the Verge of a Major Decline?
In the “Positions” newsletter for paid subscribers, we have been noting that stocks may be in the early stages of a classic, Elliott Wave three down. Elliott Wave theory notes that markets tend to move in waves: three waves in the primary price trend and two counter-trend waves. The chart I created…
Read MoreLong-Term Stock Forecast
While the overall stock market trend remains down, stocks did begin to show some signs of life last week, technically speaking. As the chart below, a weekly chart of an exchange-traded fund that tracks the S&P 500, illustrates, the longer-term downtrend line in place since the beginning of calendar year 2022 may have been broken…
Read MoreThe Recent Stock Bull Market – Real or Nominal?
The double top theory for stocks that I suggested at the end of 2021, is looking like the right call at this point. Stocks suffered their worst week since March of 2020 last week despite a 4-day trading week. As I have been suggesting here each week, when stock gains are largely…
Read MoreMy Thoughts on Stocks as We Begin a New Year
Last week, stocks touched their all-time high levels from November completing a “Santa” rally. At this point, it remains to be seen what this means. Since my long-term stock trend-following indicators are negative, I’d have to bet on a double top, which is a bearish pattern, but time will tell. January is typically an important…
Read MoreAbout Stocks and Bonds
The stock market highs of November have not yet been taken out and my long-term trend-following indicators continue to become more bearish. At this point, a “Santa” rally looks less likely especially given the Fed’s recent statements about accelerating the taper or slowing the rate of currency creation. As the longer-term readers of…
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