I wanted to offer my interpretation of the Elliott Wave Count structure on the NASDAQ chart, which is very similar to that of the S&P 500 and Dow Jones.
For “Basic Elliott Rules,” see my prior post.
Let’s get started with the current possible (preferred) Elliott Count on the... Continue Reading
Submitted ByCorey Rosenbloom
I wanted to offer my interpretation of the Elliott Wave Count structure on the NASDAQ chart, which is very similar to that of the S&P 500 and Dow Jones.
For “Basic Elliott Rules,” see my prior post.
Let’s get started with the current possible (preferred) Elliott Count on the...
Submitted ByTrader Mark
I honestly think every major mutual fund in America is flocking to Wells Fargo (WFC) - every dip is bought and this is one of the very few stocks over both the 50 and 200 day moving averages. They should have quite a powerful franchise when all is said and done. JPMorgan (JPM) reported today as...
Submitted ByCorey Rosenbloom
Of the major US Equity Indexes, the NASDAQ has suffered the most on Tuesday and now on Wednesday, and was only able to retrace to the 38.2% Fibonacci retracement of the August highs to the October lows. Let’s see this index on the daily and weekly charts:
NASDAQ Daily Chart:
Price clearly made...
Submitted ByTrader Mark
Just another day of good solar news ignored by the market - today is Trina Solar's (TSL) turn. Some upside to previous guidance given in today's press release - market could care less. On $3.53 estimated 2008 earnings the company now trades at under 4x earnings. I'd be aghast except that I have...
Submitted ByTimothy Sykes
I’ve gotten this question in one form or another much too much lately not answer it:
Hey, I am in the middle of finishing my account with TOS. Also, I’m going to buy your DVD, so I was wanting to ask you should I buy the PennyStocking DVD first or the ShortSelling DVD based on learning, [...
Submitted ByAndy Wang
Posted By Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Wednesday, October 15th
WALL STREET JOURNAL: The Wall Street Journal reported that banks will not emerge unscarred when JP Morgan (JPM), Wells Fargo (WFC) and Citigroup (C) report earnings this week, despite low...
Submitted ByDavid Enke
The drumbeat continues for adopting some type of central clearing house for the complex derivative products that are current causing issues in the marketplace (see Financial Times article). Such a move has been discussed for some time now (see posts here and here), but recent failures are certainly...
Submitted ByDobromir Stoyanov
BB&T Corporation operates as the holding company for Branch Banking and Trust Company that provides banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals in the United States.BBT is a dividend aristocrat as well as a component of the...
Submitted ByAlex Stanczyk
M3 Money through Oct. 10th is sitting at approximately $14 Trillion, and 16% year over year rate of increase. I have said this before, but if you have not figured it out yet, if money supply is expanding at 16% that means your investments MUST grow at more than 16% or you are going backwards.
On...
Submitted ByAlex Stanczyk
By ERIC CARVIN
NEW YORK (AP) — Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you’re saving for college, the money your boss needs to make payroll — gone, gone, gone.
Whether you’re a stock...