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Financial Market Technical Analysis
Elliott Wave :: Intermediate and Long Term Swing Trading
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Since the last BullBear Market Report, the US equities markets have undergone a Wave 2 correction of the first move in a new, primary, secular bull market that began in November 2012. While I continued to maintain a long term bullish orientation, the period since the May top produced a set of technical readings which strongly resembled conditions present at the 2007 and 2011 tops. I remained open to the possibility that a new cyclical bear market began in May but I continued to warn that if a new secular bull market had begun, such technical indications would not represent the same kind of top that came with similar conditions during the secular bear market from 2000-2012. Indeed, the Wave 2 correction was shallow, achieving a mere 38.2% retracement of the Wave 1 bull move. Ultimately, Wave 2 was a bullish rising triangle formation of higher highs and higher lows.
The analysis in this report shows that longs are well positioned for an extended bull run through the end of 2013 and into 2014. Traders should be oriented towards a longer than usual hold time and investors should not be looking to exit or take profits at this time...
BullBear Trading 2013 SPX
Since the last BullBear Market Report, the US equities markets have undergone a Wave 2 correction of the first move in a new, primary, secular bull market that began in November 2012. While I continued to maintain a long term bullish orientation, the period since the May top produced a set of technical readings which strongly resembled conditions present at the 2007 and 2011 tops. I remained open to the possibility that a new cyclical bear market began in May but I continued to warn that if…Continue
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Yeats, "The Second Coming"
From late 2012 I have been gradually layering and developing the thesis that a secular bull market started in November of 2012 (with a possible…Continue
In the introduction to the last Bull Bear Market Report, I further developed the thesis that an impulsive equities bull market began in November 2012:
Most analysts continue to make the mistake of believing that a secular bull market started in March of 2009. The actual situation of this market very closely parallels the 1974-1982 time frame. While the price bottom was made in 1974,…
In the March 10 BullBear Market Report, I concluded that the US equities markets had ended the long term bear market that started in 2000 with the November 2012 low and had begun a new, secular bull market:
This report comes down on the side of concluding that indeed a new, secular Bull Market has begun. While there is still some chance that a bear market (D) wave…
Forex Technical & Market Analysis FXCC Dec 05 2013 UK BoE and ECB publish their rate and monetary easing decisions whilst UK chancellor will deliver his 'Autumn statement'. Thursday witnesses…Continue
Forex Technical & Market Analysis FXCC Dec 04 2013 Will the Bank of Canada lower base rates from 1%? And will USA job numbers from ADP enjoy a seasonal boost? Wednesday there's a raft of PMIs…Continue
Many traders and investors will often buy and sell stocks on the back of a news report or a story that was invented by their broker or some analyst. The truth of the matter is that the currency…Continue
Forex Technical & Market Analysis FXCC Dec 03 2013 Australia's RBA expected to keep cash rate at 2.5%, whilst UK house prices and construction expected to rise Tuesday sees the publication of…Continue