"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)

Wednesday, April 16, 2014

SPX - After a break, still down.

SPX appears in a congestion phase that could be qualified like wave [b]/[x] of wave a/w .
The downward move of minute degree doesnt' seems yet completed.


Monday, April 14, 2014

SPX - In sideways correction

After the failure of the bullish breakout, a recount is needed.
SPX could be in the middle stage of a sideways correction like three / flat / triangle of minor degree  (preferred scenario wave x ) or intermediate degree (first Alternate Alt:(4) ).
The downward wave c/y is still in progress ; next target 1738 - 1728.
Long term scenarios in the last post.


Saturday, April 12, 2014

Elliott Wave Analysis of Stock Market Indexes


Elliott Wave Analysis of  DJIA, SPX, NDX,

For previous outlook and long term view on weekly charts,
see post of February 08, 2014

In the last three months I have focused my attention mainly on the Italian stock market which has outperformed the other World stock indices.
For several weeks I kept an exposure from 50% to 80% of my total assets, but a week ago, thinking it was reached a top of wave [3] (yesterday denied) I sold 40% of my portfolio to cash a part of gains, and another 20% yesterday.
Global equity markets seem to be taking a break and, excluded one, (and perhaps the DAX) the others are not able to rise if SPX and NDX continue their correction.

The only one who has the strength to rise with
a new bull market is Bombay

However, there are many US leading stocks with high CanSlim and Zacks ratings that are forming a wave 4.

Next week I will post an analysis of some of them.

Have a great weekend !


Monday, March 10, 2014

SPX - Still bullish in the short term

The trend seems still bullish in the short term

SPX could be in wave (b) of 2 of [3] of 3 or Alt:5 of  c or Alt:5


Friday, March 7, 2014

SPX - Temporary pullback.

Wave 1 of [3] of 3 (or Alt:5 ) seems to be completed.

I'm waiting for a micro-pullback.


Wednesday, March 5, 2014

SPX - Bullish scenario

Strong rebound and more than what I had expected.
The alternate scenario prevails and becomes the preferred one:
we could be in wave 1 of [3] of 3 minute.


Tuesday, March 4, 2014

SPX - Bounce

Preferred scenario: bounce in wave (b) of y of [2]

First alternate scenario: we are already in Alt:[3].


Friday, February 28, 2014

SPX - Uncertainty

The market does not break upward (as expected yesterday), but neither downward.
Of course, it can not stand still for a long time without one direction.


Thursday, February 27, 2014

SPX - Still sideways

... but with bearish implications for today session; first target @ 1826


Tuesday, February 25, 2014

SPX - Strange pattern

Irregular or expanded flat in wave [2] ?
I'm not very convinced but other patterns seem less likely.