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Dow Jones Industrial: Short-Term Elliott Wave View

Dow Jones Industrial: Short-Term Elliott Wave View

YM_F Dow short-term Elliott Wave view suggests that the Intermediate wave (4) ended at 23204. The rally from there is unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23464, Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599, Minute wave ((iv)) ended at 23432, and Minute wave ((v)) ended at 23616. The 5 waves leading […]
BiondVax Provides Third Quarter 2017 Financial Results And Update

BiondVax Provides Third Quarter 2017 Financial Results And Update

NESS ZIONA, Israel, Nov. 28, 2017 /PRNewswire/ — BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV, TASE: BVXV), a clinical-stage biopharmaceutical company focused on developing and commercializing M-001, a universal flu vaccine candidate, today announced its financial results for the quarter ended September 30, 2017, and provided a business update. Dr. Ron Babecoff, BiondVax’s CEO, commented, “I am pleased that, once again we are […]
USDCAD Daily Analysis – Tuesday, Nov. 28

USDCAD Daily Analysis – Tuesday, Nov. 28

USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836. Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916 previous high. Near-term support is at 1.2666, below this level will indicate that the downtrend from 1.2916 has […]
The Market Making New All-Time Highs On A Daily Basis

The Market Making New All-Time Highs On A Daily Basis

My Swing Trading Approach I will look to add 1-2 new long positions to the portfolio should the market conditions cooperate. I will also consider adding a short position as well to hedge against a potential pullback.  Indicators VIX – 2% pop yesterday, but most of its gains were wiped out.  T2108 (% of stocks trading below […]
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                        The Euro Area Job Market Has Strengthened, But Unemployment Is Still Very High

E The Euro Area Job Market Has Strengthened, But Unemployment Is Still Very High

The Euro Area unemployment rate was 8.9% in September. But of course, this average for the 19-member countries masks some very strong differences. For example, in September the unemployment rates for Germany and France were 3.6% and 9.7% respectively, while the corresponding unemployment rates in Spain and Italy were 16.7% and 11.1%. The southern tier […]
The Last Time This Happened, The World Ended…

The Last Time This Happened, The World Ended…

Earlier this month, SocGen warned that U.S. equity investors are a bunch of “boiling frogs.” And no, that is not a distortion of the bank’s message. Here’s the actual quote: The parable of the boiling frog refers to how a frog in a pot can get slowly boiled alive without even realising it. The frog […]
Richmond Fed Manufacturing Survey Significantly Improves In November 2017

Richmond Fed Manufacturing Survey Significantly Improves In November 2017

Of the five regional Federal Reserve surveys released to date, all are in expansion.  Analyst Opinion of Richmond Manufacturing The Richmond Fed subcategories were positive, The data is much better than last month. Market expectations from Bloomberg / Econoday was 11 to 16 (consensus 15). The actual survey value was 30 [note that values above […]
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                        Elliott Wave Analysis On S&P 500

E Elliott Wave Analysis On S&P 500

114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets

114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets

114 Italian banks have non-performing loans that exceed tangible assets. Ratios above 100% are signs of severe stress. The headline image is from the from ilsole24ore.com. The article is dated March 25, 2017. The translated headline reads “Here are the 114 Italian banks at risk for suffering” The image shows 24 banks where non-performing loans […]
Euro Commodity Crosses At Key Levels

Euro Commodity Crosses At Key Levels

Of our three euro commodity cross pairs, namely eur/aud, eur/nzd and eur/cad, it is the weekly chart for these pairs that is the most interesting, particularly for the eur/nzd which has finally broken and closed above the key 1.73 price point but in doing so has created a classic hanging man candle on low volume, […]