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ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices

14th July 2018 - Sentiment remains buoyant as the latest quarterly earnings results roll into the end of its first week. It’s thought that the markets won’t shake lower until most of the big names have published their results. Some of the major U.S. banks released their figures### last Friday including JP Morgan Chase that came through above par, together with Citigroup although Wells Fargo missed expectations. In other industry groups, Amazon, Facebook and Microsoft also hit record highs. The benchmark S&P 500 is approaching upside targets of… Read full summary in our latest report!

Financial Updates Currencies

Currencies (FX)

14th July 2018 - The US$ dollar index recovered strongly to the upside last week following a tiny three wave decline from June’s high. Although it paired back some of those gains into late-session Friday, the week’s advance has done enough to change### the way in which a multi-month downside correction is unfolding. Up until those gains unfolded, February’s five wave impulse upswing was about to be displaced by a corrective downswing taking the form of a single/double zig zag – but that has changed over the course of last week. The correction is now set to unfold into an expanding flat instead, but this allows last week’s upside gains to continue over the next week or two prior to deeper pullback inside this year’s upswing. The same expanding flat is also visible in the way the Euro/US$ fell back from last week’s high of 1.1791. Its impulse decline… Read full summary in our latest report!

Financial Updates Bonds

Bonds (Interest Rates)

14th July 2018 - The Federal Reserve published its semi-annual report to Congress last Friday saying it identified solid growth in the U.S. economy and that it expected to continue raising interest rates gradually for the rest of the year. The 63 page report also noted ###that inflationary pressures lack power which means they can operate by balancing hikes in a step-by-step approach. The Fed has raised interest rates seven times since it began a tightening cycle back in December 2015 and last lifted its benchmark lending rate by… Read full summary in our latest report!

Commodities

14th July 2018 - Base metals made headlines last week as Copper prices collapsed from their early-June highs by shedding -17% per cent in just a month. Not that this was surprising, in fact it was forecast because the June high ended a five wave impulse uptrend that began from the Feb.’16 lows. Meanwhile, the Cash-CRB index### traded into downside targets of 407.60+/- at 408.72 last week which completes most, if not all of its expanding flat correction that began almost 8% per cent above current levels. There’s no doubt that commodity prices have been hit hard over the rising threat of a global trade tariff war. The Chinese government said it will take ‘firm and forceful measures’ if the Trump administration goes ahead with its threat of tariff hikes on an additional $200 billion of Chinese goods. The outlook for the base metals remains... Read full summary in our latest report!

LATEST ARTICLES

THE ‘INFLATION-POP’ - PRECIOUS METALS SET TO SURGE INTO RECORD HIGHS

Bloomberg hosted a Precious Metals Forum on 23rd May and WaveTrack International was invited to present our latest Elliott Wave price-forecasts. The event was sponsored by the CME Group and Johnson Matthey.

OUTLOOK & FORECASTS FOR 2013

Highlights:

  • The 2013 outlook for global stock indices and commodities remains very bullish and is entering the last stage of the ‘inflation-pop’ phase that originally began from the post-financial crisis lows of 2008/09
  • This is expected to ignite another period of asset buying that increases risk-on multiples by a minimum 45% per cent and in some cases as much as +300% per cent, sending some global stock indices and commodities into record highs
  • Shorter-term, there is a danger of a downward adjustment of -5-8% per cent, but then sharp price advances to resume
  • Commodity related stock indices and equities are expected to outperform as a sector during the next 12-16 months
  • Banking stocks to participate, but most will not exceed their pre-financial crisis highs

As always, this year’s Outlook & Forecasts for the next twelve months are created applying the Elliott Wave Principle for the assessment of pattern and price amplitude, also Cycle Analysis for the timing of the larger trend reversals. Not always do they jive, but they seldom contradict and more often, provide valuable insights into one or two variations of a similar theme within a seemingly unlimited amount of possibilities.

Even though this report outlines the price expectancy of all asset classes for 2012 it will also illustrate how this coming year fits together into the larger picture. The reasoning behind this is to move away from the 'black-box' stereotype and show you why the results relate to their specific outcome. Overall, this report deals with two different time-periods – long-term and inter-mediate term. Long-term refers to the uptrends from the Great Depression of 1932 onwards and inter-mediate term for the coming year and into 2013.

HOW TO INTERPRET EACH ELLIOTT WAVE CHART

What do you see when looking at an Elliott Wave chart? Just lots of numbers & letters overlaying the price data? – or do you see definable patterns that are immediately familiar? And how do you interpret the results of the analysis and put it into an effective trading plan? Read on and test your own knowledge of these subjects and much more...

A COMMODITY SUPER-CYCLE?

Recent reports of a Commodity Super-Cycle grabbed my attention for two reasons – first, this is diametrically different to the outlook I foresee developing during the next decade, and second, this terminology has surfaced at a time when various commodities have already undergone large percentage gains measured from the Feb.'09 lows

THE 'DEFLATIONARY SCENARIO'

The primary theme of this presentation focuses on a 'Deflationary' outlook, forecast as the dominant aspect continuing during the next decade. This is derived from analysing the Elliott Wave pattern structure of the CRB (Cash) Index during its expansionary period of the last 76 years.

THE 'FLASH CRASH'

The Update Alert! messaging service of EW-Forecast Plus responded to the sharp collapse and the following recovery of US stock indices during the volatile trading session on the 6th May.

OUTLOOK FORECASTS FOR 2011

This analysis centres around the S&P 500 that is used as a proxy for other global indices. The great bull market beginning from the 1932 low ends 68 years later in 2000 - other global indices peaked later in 2007 (75yrs) – some still continuing to progress.

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TESTIMONIALS

"I just wanted to congratulate you on the EW-Compass reports launch. I'd say all the work you've all put into this project is well worth it… never cease to be amazed by the harmony that you find between the fib relations you highlight and the Elliott count you propose. You are a true descendant of RNE, and I'm quite sure he'd have really loved to see your work… Another aspect that sets you apart is your deep knowledge of the how and why of pattern relationships between higher & lower degrees of the same price action. So much to learn there". - T.S.

ELLIOTT WAVE PATTERN

INTRODUCTION TO THE WAVE PRINCIPLE

The Wave Principle, often referred to as Elliott Wave is a unique methodology that applies Natures Laws, those encompassing the Natural Sciences and Universal Geometric Philosophies to the financial markets. It allows us to view price fluctuations as an organised process that can be non-linearly extrapolated to gain a glimpse into the future direction of trends, counter-trends and amplitudes on any market or contract traded around the world.

Expanding Diagonal Patterns - Do they actually exist? - Elliott's inclusion of the Contracting Diagonal

In R.N.Elliott's original treatise of "The Wave Principle (1938)", he introduces us to diagonal patterns for the first time on page 21. Under the heading, Triangles, Elliott describes the difference between horizontal triangles that represent hesitation within an ongoing, progressive trend and diagonal triangles that form the concluding 5th wave of a larger five wave sequence.

NEWS & EVENTS

Tradersworld Online Expo #12 – Starts 12th November 2012

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 12th Trader Expo held online for 7 weeks starting on 12th November 2012 and ending in the new year on 6th January 2013. Peter’s presentation is entitled “Elliott Wave Price Forecasts & Cycle Projections – Three Phases of the 18 Year Bear Market ~ ‘Shock–Pop–Drop’” for more information visit http://tradersworldonlineexpo.com/

Announcement: 123rd Battery Council & Trade Fair Convention in Miami, 1-4 May 2011

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 123rd Trade Fair Convention of the Battery Council in Miami, 1-4 May 2011. Peter’s presentation is entitled "The Historical Price Trend of Lead and Applying the Elliott Wave Principle to plot its course into the Future".

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