This week, we’ll look at a couple of interesting long term charts of both gold and the Dow to see how technical analysis suggests they MIGHT play out in the decades ahead. While there is a healthy dose of speculative analysis in both charts, my goal this week is to blend creativity and open-mindedness with the […]

Investor exuberance has rarely been so optimistic. In a recent post, we discussed investor expectations of returns over the next year, according to the Conference Board’s Sentiment Index. To wit: “Consumer confidence in higher stock prices in the next year remains at the highest since 2018, following the 2017 “Trump” tax cuts.“ (Note: this survey was completed before […]

Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and […]

The Pound Sterling slumps to nearly 1.2800 against the US Dollar after the release of the weak UK employment data. UK Unemployment Rate jumped to 4.3%, while Average Earnings grew faster than expected in the three months ending September. Investors await the US inflation data for fresh interest-rate guidance. The Pound Sterling (GBP) weakens against its […]

NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day ChartNIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Higher Degrees: Orange wave 3 (started) Details: Orange wave 2 appears completed; orange wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the daily chart by […]