26 Sep 2018 @ 19:10
The rally paused, the S&P 500 is pulling back. The reason for the pullback could be due to the high oil price and rising bond yields. Trump said he wants a lower oil price and he has a good reason, high oil prices fuel inflation. Recently we have seen rising inflation in emerging markets, could […]
23 Aug 2018 @ 19:47
Sometimes the analysis is not strong enough to suggest the market will move up or down. We are in this situation with regard to the FTSE 100. There are two ways to interpret the Elliott wave pattern, either the FTSE is in the midst of a decline to 7400 or it is at the start […]
01 Aug 2018 @ 17:35
The best trading opportunities occur when both sentiment and the Elliott wave pattern point in the same direction. When sentiment is bullish there an increased probability the FTSE 100 will rally. Sentiment is bullish right now but the Elliott wave pattern points to a decline, so no high confidence in one outcome or the other. […]
17 May 2018 @ 20:40
Sometimes I get emails from people asking me if I am sure we are in a bear market. No one can be sure because a forecast is based on probabilities. If the probability of a bear market is 80%, there is 20% chance the FTSE 100 is in a bull market. If the FTSE rises […]
08 Mar 2018 @ 22:59
Stock markets are rebounding form the recent lows, sentiment is changing from bearish to bullish. That was expected because the decline has stopped. Declining prices fuel bearish sentiment, so when the market goes sideways or rally for an extended period of time, bearish sentiment will recede and bullish sentiment will return. We could see this […]
15 Dec 2017 @ 01:55
Gold has been depressed and has underperformed other assets since 2011 when the yellow metal parabolic rise ended. There are many reasons why gold is depressed. The media cites three main reasons; rising stock markets, dollar strength and the distraction from bitcoin. To say that gold is weak because the stock market is rising has […]
06 Dec 2017 @ 23:39
My sentiment indicator (BTI), has been accurate at forecasting the stock market decline. Sentiment turned bearish at the end of October, the FTSE 100 has been in a downtrend ever since. But sentiment is not a timing indicator, it lags the trend so when the index finds a bottom and turns up, sentiment will still […]
24 Nov 2017 @ 00:27
Many banks and financial organisations have already said they will not touch bitcoin. If you are a private investor I would say the same thing applies. I understand why so many people are trading bitcoin, it is hard to find an alternative investment where you can double or triple your money in the next few […]
16 Nov 2017 @ 22:55
Sentiment as indicated by my sentiment indicator (BTI) turned bearish a week before the FTSE 100 peaked at 7582.9. We have a good example of bearish sentiment at work here. I remember when I was calling for a decline at the start of November, despite the strength of the market and despite the fact that […]
31 Oct 2017 @ 23:16
After the rally in the first half of October, there is a risk the FTSE 100 will turn down to resume its decline. The October high at 7565.1 remains intact, this level is close to the all time high at 7599. There is strong resistance in the area 7565-7599. Based on the Elliott wave pattern […]
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
