S&p 500: As can be seen from the monthly chart of S&P 500, the momentum for the Index has been dropping precipitously with each new high. (The loss of momentum is pretty much the same on Nasdaq & Dow as well). Under the Elliott Wave Model, I see the move from Dec 2018 as start […]
Apple dropped below 623.55 on Friday and that marked a 5 wave decline on a small degree. We know that when a market declines in 5 waves it normally happens to be a part of a bigger move. With that in mind, let us look at the bigger picture – the real big picture. As shown in […]
The Baltic Dry Index has been dropping continuously for the last 31 sessions. The index just broke through the 2008 low and this is worst reading on this index for the last two and a half decades. If you are wondering why should this be of any significance – the index is a very important […]
Just look at the chart below – if you were wondering why did Nifty open lower when SGX Nifty was up or why did Nifty suddenly spike up from the low of the day – here is one snapshot that tells you everything. The time stamp at the bottom are London time. If you place […]
Just look at the chart below – if you were wondering why did Nifty open lower when SGX Nifty was up or why did Nifty suddenly spike up from the low of the day – here is one snapshot that tells you everything. The time stamp at the bottom are London time. If you place […]
Inter-market analysis provides an extra dimension to technical analysis – the peripheral vision and the backdrop in which we are operating. Here is one such inter-market factor. To me this is pretty much like looking at the charts of the Baltic Dry Index. Over the last few weeks if you have been left wondering if the markets […]
Inter-market analysis provides an extra dimension to technical analysis – the peripheral vision and the backdrop in which we are operating. Here is one such inter-market factor. To me this is pretty much like looking at the charts of the Baltic Dry Index. Over the last few weeks if you have been left wondering if the markets […]
The price action over the last few days have been quite significant. Many world indices have seen reversal in their major trend. S&P 500: In my last post, I had warned that the S&P was poised to break the lows of June. Not only did that happen, the S&P took out the “Earthquake low” of […]
The decline over the past few weeks has started to signal a top in some of the equity markets around the world. The Canadian TSX is one of those. The chart above shows a confirmed double top for the Canadian TSX composite index. By conventional measuring techniques and by Elliot wave principle this index should decline to […]
When earthquake/tsunami struck Japan on Friday, I’m sure you would have heard in the media how this was affecting the sentiments of the markets. Here are few things one must know : Let us take a look at the powerful Kobe Earthquake that struck Japan in 1995 and caused $102.5 billion damage: It is obvious from […]