Current Orientation on U.S. Stocks
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Financial Market Technical Analysis
Elliott Wave :: Intermediate and Long Term Swing Trading
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Since the closing of the gold window by Nixon there have been prominent and persistent voices which warned that fundamentally flawed financial system conditions would lead to long term catastrophe for the US and global economy. Those voices reached a crescendo during the serial market crises of 2000-2011. Now, after a 9 year rise in US stock markets, such cautionary narratives are difficult to find. Fears of debt bubble collapse scenarios have given way to complacency and the blanket assumption that central banker machinations have all the angles covered.
Experienced market participants know that when all fear (or conversely, optimism) has been extinguished it is time to take a hard look at the contrarian view. In this report we will study the long term technical view of markets and set aside any assumptions about the future. Technical analysis is both a science and an art, and applying appropriate measures of each, let's tune into the message of the markets with an open mind.
Is a significant secular shift possible at this juncture? Is it time to consider the possibility that the existing financial, economic and policy paradigm is no longer sustainable and due for dislocation and reversal? Has the epoch of central banking Financialism run its course?
The new BullBear Market Report peers into these questions and more using the lens of technical analysis with a special focus on the very long term going as far back as the 1932 Dow Jones Industrial Average bottom.
A MULTI-PART REPORT THAT WILL INCLUDE:
Shares of Sprint (S) have been under a ton of pressure since early 2017, once word leaked out that the T-Mobile deal was unlikely to happen. The stock fell from nearly $10 to its current $5 range. However, even with the tough market conditions, Sprint is showing signs of life. Just in the last week, Sprint jumped from its 52 week low of $4.81 to $5.22. This $5.22 level represents the daily 50 moving average and a major trend line resistance point (as seen on the chart below). Show it…Continue
Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as…Continue
Lockheed Martin Corporation (NYSE:LMT) is a leading defense and aerospace company. The stock has been one of the best performing equities over the past four years. Finally, LMT stock is pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average. Traders should note that this 20-day moving average is minor support so there is a good chance that the stock could move lower. The daily chart is signaling very solid support around the…Continue
Verizon Communications Inc (NYSE:VZ) has been falling lower over the past week. Many traders and investors are now expecting Verizon to get into the acquisition game since AT&T Inc (NYSE:T) and…Continue
This can be quite difficult to answer. It is not possible for a person to know the entire Forex market. The more you dig the more you reveal. If you are one of those people who love to learn, you…Continue
The NASDAQ 100 has staged an epic rally, now within just a few percentage points of the all-time highs. Greed is brimming again with average investors buying technology stocks like they were in…Continue
The Forex market is the most popular market. In fact, this is seven times bigger than the stock market that was once popular. The currency transactions happen in this market and there are unique…Continue