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Are The Indices Ending 5 Waves Or Not?

Are The Indices Ending 5 Waves Or Not?

The Elliott wave Theory is a famous trading tool and is based on the idea that the Market advances in 5 waves and corrects in 3 waves. The Theory has some basic rules which are listed below 1) Wave 2 never retraces more than 100% of wave 1. 2) Wave 3 cannot be the shortest of […]
Euro Completes Bearish H&S Pattern

Euro Completes Bearish H&S Pattern

 
Celgene Tops Q3 Earnings, Sales Miss, Updates View

Celgene Tops Q3 Earnings, Sales Miss, Updates View

Celgene Corporation (CELG – Free Report) reported mixed results in third-quarter 2017 wherein earnings beat expectations but sales failed to meet estimates. The company reported adjusted earnings of $1.91 per share which beat the Zacks Consensus Estimate of $1.88, up from $1.58 in the year-ago quarter. Total revenues grew 10.2% to $3.29 billion in the quarter but missed […]
EC
                        
                        Long The World

EC Long The World

I am going to melt your brain today. Vanguard has an ETF that allows you to get long world stock markets. The ticker: VT. This raises all sorts of interesting philosophical questions. You see, if you are long every stock in the world, you are basically long global economic growth. Which is weird! Who has an opinion […]
Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts

Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts

  Pending home sales for September, an advance indicator of existing home sales was flat for the month. Economists expected a gain. The Econoday pending home sales consensus for september was a gain of 0.4% in an extremely wide range of -1.9% to +1.9%. The NAR reports the index was flat vs August at 106.0, down from […]
The Most Active Equity Options And Strikes For Midday – Thursday, October 26

The Most Active Equity Options And Strikes For Midday – Thursday, October 26

 Top Tickers for Most Active Equity Options and Strikes for Midday, October 26
Cryptocurrencies Move A Step Closer To The Mainstream

Cryptocurrencies Move A Step Closer To The Mainstream

The opening of the LedgerX platform creates the possibility of large-scale trading among traditional financial institutions. Normalization.  Photographer: Sean Gallup/Getty Images Last week may be remembered as the turning point when cryptocurrencies joined the mainstream financial system, as the clearing and trading platform LedgerX 1  opened for business. About 20 institutional investors — including investment banks, asset […]
EUR/USD – Ready To Crumble?

EUR/USD – Ready To Crumble?

  Mario Draghi destroyed the euro today but essentially telling the market that despite the best economic growth in years, he wasn’t ready to pull the plug on QE just yet. By extending QE to 9 months into 2018 Mr. Draghi dashed any hopes of an early taper and broke the hearts of euro bulls. […]
Possible Market Catalysts On Horizon?

Possible Market Catalysts On Horizon?

Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses possible market catalysts on the horizon, including Trump and the Fed. Video Length: 00:04:53
U.S. Economic Data, ECB, And Gold

U.S. Economic Data, ECB, And Gold

This week, positive data on the U.S. economy was released, but the markets have seemed to focus on today’s ECB meeting. What does it mean for the gold market? Durable goods orders rose 2.2 percent in September, much more than expected (the Bloomberg consensus was 1 percent). Importantly, core capital goods orders (nondefense ex-aircraft) increased 1.3 percent, also […]