With the US earnings season about at an end, there have been many ‘beats’ with banks at the fore. Here is the daily chart of the venerable JPMorgan Chase bank shares The decline off the November 2021 ATH is in a clear five impulsive waves
Tag: Elliott Wave Theory
I believe the Elliott wave theory offers the most comprehensive and logical explanation for the seemingly random moves in the financial markets. I have started a new short video series (uploaded to my website and to YouTube) where I analyse various setups in real time
An interesting factoid – posted to VIP Traders Club members yesterday – at the end of Q1 2023 yesterday, the Dow was trading around 32,900. At the end of Q4 last year on December 31, it was trading at – wait for it – 32,900!
With Thursday’s revelation that a major US Venture Capital (VC) bank has gone bust and another California retail bank is in difficulties, the trigger was pulled for the start of the Great Wipe-Out. Suddenly, the eyes of investors swivelled round from staring at next week’s
Having taken a two-week break to sunnier climes, I am back at my desk wondering if anything happened while I was away. Apparently, not much – except stock markets topped of course. But being on holiday did not mean I missed the turn! Oh, no.
ANNOUNCEMENT I have now launched my revamped website and is now live and I invite you to take a look. We have made it more contemporary and in tune with modern tastes. But the ‘guts’ remains the same – a shop window on my remarkable and
That was a terrific week for us. Last Friday October 12, I forecast that the current vigorous stock rally would top out at mid-week on Wednesday. And right on cue, the Dow made its high at 25,850 at 0 am UK time. Most of us
The most famous investor of today has to be Warren Buffett. His acolytes hang on his every word and try desperately to emulate his methods – and with their succes usually falling short in the process. When asked for his favourite time scale for holding
