ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
14th May 2026 - Just today, shares in Alibaba rose 4% even as it reported a plunge in its core profit for the March quarter whilst Cisco shares soared 15% in extended trading after the networking company issued### results and guidance that topped Wall Street’s projections. That’s propelled the S&P 500 and Nasdaq 100 to new highs this week although we’re beginning to see the likely upside completion of end-March/early-April’s ... Read full summary in our latest report!

Currencies (FX)
14th May 2026 - The US$ dollar index has pushed modestly higher so far this week although it hasn’t yet done enough to convincingly confirm the downside completion of minute wave 2’s expanding flat ###correction from wave 1’s high of 100.54. Upside rallies from last week’s low of 97.62 are still trading below the April 30th high of 99.09 – this means the dollar can still be trading into a short-term 4th wave triangle within minuette wave [c]’s five wave decline that began from April’s high of 100.64. If so, the dollar will continue to range-trade for the remainder of this week, remaining below... Read full summary in our latest report!

Bonds (Interest Rates)
14th May 2026 - Markets have been scaling back expectations for Federal Reserve rate cuts and are even pricing in a chance of an increase later this year. The producer price index rose a seasonally adjusted 1.4% for### the month, much higher than the 0.5% consensus forecast - on an annual basis, the index was up 6%, the biggest increase since December 2022. The US10yr yield is expected to pull lower over the next week or two, ahead of resuming... Read full summary in our latest report!

Commodities
14th May 2026 - Silver has outperformed gold so far this month, with the gold/silver ratio narrowing to a low traded earlier today at 52.70. This is the idealised area that completes primary wave B’s downward### correction in the ratio, from February’s high of 72.21 which suggests the next step is for primary wave C to begin a new five wave impulse as the concluding sequence of the zig zag from January’s low of 43.42 targeting levels above min. 85.00+/- during the next couple of months or so. Both gold and silver should now begin to decline as the ratio turns higher. President Donald Trump’s arrival in China... Read full summary in our latest report!

