Orientation on U.S. Stocks
Bitcoin/Cryptocurrency:
Short term-BULLISH, Intermediate-BULLISH, Long term-BULLISH
Crude Oil:
Short term-NEUTRAL, Intermediate-BEARISH, Long term-NEUTRAL
10-30 Year Treasury Yields:
Short term-BEARISH Intermediate-BEARISH, Long Term-Neutral
Gold:
Short term-NEUTRAL, Intermediate-BEARISH, Long Term-Neutral
Last Updated: 11-17-23
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Elliott Wave :: Intermediate and Long Term Swing Trading
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Posted by Steven Vincent on January 4, 2023 at 1:43pm
As 2023 begins, the basic analysis that I have held to since May/June still applies. Stocks are in a B-wave movement within the context of a basically sideways corrective pattern and have been since May/June. Crude Oil will continue to correct towards its long term average price support and the 10 year Treasury yield will be managed in a roughly 2% range for the foreseeable future.
Sentiment remains apocalyptic. Everybody still "knows" that stocks must collapse since of course "the economy" is going into a deep recession and stocks "must" reflect GDP.
As I have said many times, all of the old paradigm definitions of "markets", "the economy", "GDP" are either irrelevant or being entirely re-written. Any analysis that tries to link stock performance to old school metrics is going to be confounded...
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Posted by Steven Vincent on April 23, 2024 at 11:00am 0 Comments 0 Likes
As regular readers of the BullBear Market Report know, I have been expecting to see a B-wave high in a largely sideways long term formation. It seems to me that chances are fairly high that we have seen the top of the B-wave rally off the September 2022 low. The next move is then a C-wave decline, the third movement in the pattern that started with the top made in December 2021.…
ContinuePosted by Steven Vincent on January 7, 2024 at 9:45pm 0 Comments 0 Likes
Happy New Year! The first week of the year saw a substantive decline in the stock indices, particularly in the leading tech stocks, and if the following week results in a further decline, this would likely confirm that a more substantive and accelerating drop will ensue. Long term I remain bullish and I do not expect to see lower lows in most indices. Some indices may in fact remain resilient and diverge from the larger decline.
2024 is set to be a watershed year in virtually…
ContinuePosted by Steven Vincent on August 22, 2022 at 9:30pm 0 Comments 1 Like
NEW REPORT!
Posted by John on June 10, 2021 at 6:47am 0 Comments 0 Likes
EWT’s Hochberg continues his pathetic gibberish in the guise of wise Buddha like sayings:
’Inertia grips the S&P 500 as today’s 0.39% trading range was the smallest of the year, as shown on the Bloomberg chart above. Low volatility precedes high volatility and inaction leads to action, so expect some wide-ranging days in the not-too-distant future.’
No specificity, no plan or action of how to use this…
ContinueStarted by John in General Market Discussion Oct 14, 2021. 0 Replies 0 Likes
Elliott Wave Theorist’s Steve Hochberg recently wrote this:“As the bear market progresses, U.S. junk bond yields will eventually resemble China’s junk bond yields as world credit evaporates. The…Continue
Started by John in General Market Discussion Aug 28, 2021. 0 Replies 0 Likes
Anyone who remotely follows the Prechter Hochberg wealth destruction series is aware that they are religious in their market view. They ‘know’ the true path of the stock market (all markets just as…Continue
Started by John in General Market Discussion Jul 16, 2021. 0 Replies 0 Likes
There is information below from Sentiment Trader, describing what almost everyone knows: The 2020-2021, 16 month bull market, is one of the largest and sharpest in recent history. In case you do not…Continue
Started by John in General Market Discussion. Last reply by John Apr 2, 2021. 4 Replies 1 Like
Anyone reading EWT and Prechter and Hochberg?Prechter hides behind one good commodity (but impossible to use ) call 13 years ago or so in 2008, and now makes another shoot for the moon commodity call…Continue
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