Updated: July 28, 2017The notion that "earnings drive stock prices" powers a lot of research on Wall Street. See a chart that torches this assumption.
Updated: July 26, 2017We all love a bargain... except when it comes to stocks. The reason boils down to uncertainty. Learn how our mind works in decisions that involve certainty vs. uncertainty -- and learn one way to deal with it.
Updated: July 25, 2017Over the last two years, sugar prices have crashed… and spiked… and crashed, providing huge opportunities for investors and traders -- IF they stayed out in front of the dramatic turns, that is. Here's what might have helped them.
Updated: July 24, 2017The evidence shows that when corporate executives initiate buyback programs of shares, the decisions are usually not born from rational analysis. The share price performance of corporations which invested in their own shares might surprise you.
Updated: July 19, 2017A housing market measure that just surged to the highest level ever may also be a warning to home buyers. We saw a similar development 10 years ago, when the worst part of the housing market implosion was still ahead.
Updated: July 17, 2017Gold and silver are widely considered classic inflation hedges. But conventional wisdom often does not square with reality. Market observers tend to see what fits with their paradigm. This will change yours.
Updated: July 14, 2017Stock market action in recent weeks suggests that the enthusiasm for the technology sector is simmering down. More than that, outright animosity is being directed toward some of technology's biggest names. Here's what we see down the road.
Updated: July 13, 2017Brian Whitmer tells you why you may not want to hang your hat on the latest rally in British stocks.
Updated: July 13, 2017Grabbing the headlines today is the Bank of Canada's first interest rate hike in seven years. Speculation amongst conventional economists has now turned to whether they will continue to hike rates. We have a simple answer to that question: watch the market.
Updated: July 12, 2017There seems to be an exchange-traded fund for almost every investment niche. But, beware: some may not perform like you expect. Our Elliott Wave Financial Forecast offers a cautionary example.
Updated: July 7, 2017Global market charts you won't see elsewhere show "What" -- and What Not -- to Fear.
Updated: July 5, 2017Even during a national economic expansion, many U.S. municipalities are financially troubled. "Two out of every three states took in less tax revenue than expected this year." This chart of muni bond yield spreads will make you wonder about the future.
Updated: June 30, 2017Stock picking is losing favor. On the other hand, passive investing is growing in popularity. This fits with the stock market's Elliott wave pattern. The mania is not over, but the end might be closer than many investors realize.
Updated: June 30, 2017In our latest "Video Mailbag," Michael Madden, who forecasts cross rates for our Currency Pro Service, answers questions submitted by viewers like you.
Updated: June 26, 2017The patterns of investor psychology are the same the world over, and have repeated throughout financial history. Let's look at stocks in the U.S. and Japan, then and now, and see if we can find similarities.
Updated: June 19, 2017Sir Isaac Newton famously said that "for every action, there is an equal and opposite re-action." But does this "law of motion" apply to finance? Many investors believe so, but the evidence shows that economic news does not affect the stock market.
Updated: June 15, 2017On June 14, the price of U.S. oil fell below $45 a barrel, and some are blaming the slide on oversupply. But, is that the real reason? See how the Elliott wave model has been highly useful in staying ahead of oil's trend turns.
Updated: June 14, 2017June 14: Fed Day! It's supposedly the one day gold investors can clearly predict the precious metal's next move based on the Fed's hawkish or dovish tone. But history shows gold prices are NOT being led by the Fed at all.
Updated: June 9, 2017Mainstream financial wisdom tells you that negative news events and economic data cause stock prices to fall. But if that were true, then 2016 should've seen Brazil's stock market crash. Instead, it soared to a five-year high. There's only one explanation that makes sense.
Updated: June 7, 2017In late March, all fundamental signs in the market for lean hogs pointed in one clear direction: down. And yet, hog prices enjoyed a powerful rally to fresh contract highs. Find out the real story here!
Updated: June 7, 2017In investing, one rule of thumb tells you that the higher the return, the higher the risk. Today, one high-yield debt instrument that was at the forefront of the 2007-2009 financial crisis has reached a new, dangerous milestone. We're sounding the alarm -- again.
Updated: June 6, 2017See 3 global market charts that answer the question, Has Investor "Courage" Gone "Crazy"?
Updated: June 5, 2017True or False: If the eurozone government and IMF start withholding their bailout payments to Greece, then Greek shares will fall. If you answered true, then this story is a must-read!
Updated: June 1, 2017Learn about 3 practical benefits of trading with the Elliott Wave Principle.
Updated: May 31, 2017The demand for luxury tends to increase as a financial mania matures. One of the latest extravagant items weighs 33 pounds and is made of solid gold. Financial trend changes usually occur when they're least expected. Are you prepared?
Updated: May 30, 2017In 2016, the prevailing sentiment toward China's economy was negative. Yet, if investors had avoided China's internet sector, they would have missed a significant advance. The whole episode teaches a valuable lesson.
Updated: May 26, 2017"The writing appears to be on the wall" for public pension plans -- and $3.6 trillion is on the line. Managers have been "embracing riskier assets and sweeping underfunded liabilities under the rug." Now, here's an update.
Updated: May 25, 2017In our latest "Video Mailbag," Pete Kendall, the co-editor of The Elliott Wave Financial Forecast, answers questions submitted by viewers like you.
Updated: May 25, 2017In our latest "Video Mailbag," Pete Kendall, the co-editor of The Elliott Wave Financial Forecast, answers questions submitted by viewers like you.
Updated: May 25, 2017Learn how the Wave Principle helps you trade with the trend, which waves offer trade setups and how to "keep it simple" when using the Wave Principle.
Updated: May 19, 2017How could the attempted military coup in Turkey in July 2016 have possibly been a bullish sign for Turkish stocks? Get our insights -- and see two charts that show the price story.
Updated: May 17, 2017Maxwell Edison may have majored in medicine, as the Beatles sang, but many of the "brainiacs" on Wall Street are hedge fund managers. Even so, their performance record at key market turns often leaves a lot to be desired. See this eye-opening bond market chart.
Updated: May 15, 2017A chief investment officer just told USA Today, "Listening to the 6 o'clock news gets investors off track." Find out why he made that statement. Plus, see what a "news-driven" and rational-reaction graph of stock prices would look like. (Hint: It's nothing you'd ever see in real life.)
Updated: May 12, 2017The CEO of a major Wall Street firm calls it "worrisome." A director of floor operations at the NYSE says it's "not normal." Find out why a volatility explosion might be just around the corner.
Updated: May 10, 2017At the start of 2017, the cards of "market fundamentals" were stacked in sugar's bullish favor. But instead of reclaiming the upside, prices soured in a 20% selloff to a one-year low in late April. Find out the unconventional reason why.
Updated: May 8, 2017There's an exchange-traded fund for almost every investment niche. Our analysts view the proliferation of ETFs as part of the entire derivatives boom. Here's how we believe ETFs will go down in history.
Updated: May 5, 2017There's a sizeable gap between investor expectations and historical market returns. Chalk it up to ramped-up optimism and what psychologists call "information avoidance." Two surveys and one chart are revealing.
Updated: May 5, 2017Brian Whitmer discusses sentiment and social mood across Europe as French voters head to the polls on Sunday to elect France's new president.
Updated: May 4, 2017Toronto is the 4th largest city in North America and anchors a greater metropolitan region of nine million -- more than a quarter of Canada's entire population. A city this size is an ideal candidate to preview real estate trends in Canada and in the United States...
Updated: May 2, 2017See our global market charts that cover $18 TRILLION, inflation(?), and a truly bold forecast.
Updated: May 1, 2017NYSE margin debt levels reached records in the milestone market years of 2000 and 2007. But wait until you see what that level is now. Plus, find out how hedge funds are making matters even more precarious.
Updated: April 28, 2017Cash is the one asset that is almost sure to rise in value during a deflationary period. Yet, the "war on cash" has been escalating. Here's why you should start storing away plenty of cash.
Updated: April 26, 2017If investors would only review the historical data, they would discover the sobering truth about news and the stock market. Do you believe a presidential assassination or a major terrorist attack would affect the market's trend? Find out what really happened.
Updated: April 24, 2017On April 24, Germany's DAX Index soared to a new, all-time high. Mainstream pundits say the April 23 outcome of the French Presidential Election lit the market's bullish fire. Here's our take on the rally.
Updated: April 19, 2017Widening yield spreads mean investors are growing fearful about the future. In Europe, we're seeing bond market behavior that resembles what occurred before the credit crises in 2008, 2010 and 2012. Take a look at these two charts.
Updated: April 17, 2017Even professionals have a hard time beating the market. But a study of 2600 stock recommendations by market technicians vs. fundamentalists came to this "striking conclusion."
Updated: April 11, 2017In 2007, the KBW Bank index turned down months ahead of the DJIA. In 2017, optimistic expectations are again running high for the financial sector. Ironically, history shows that investors should be the most worried when financial fear is absent. Let's review today's position of the "fear index" VIX and KBW Bank Index.
Updated: April 10, 2017An April 5 Bloomberg headline reads: "Rupee Rally Nobody Saw Coming Sees Strategists Play Catch Up." Yet, at least one analyst did. These two charts tell the story -- see them for yourself.
Updated: April 5, 2017The next 48 hours are critical, say the experts. Nothing is as important for determining the Chinese yuan’s long-term trend as the April 6 meeting between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping. Or, is it?
Updated: April 5, 2017Almost everyone knows that stocks are risky. Yet, new evidence shows that stock picking is fraught with even more risk than many investors might realize. Let's look at the return profiles of individual stocks from a recent academic study.
Updated: April 4, 2017In our latest "Video Mailbag," Wayne Gorman, the head of our educational resources, answers questions submitted by viewers like you.
Updated: April 4, 2017Going into April, too many world financial markets look too complacent. See the charts & pictures for yourself.
Updated: April 3, 2017Would you invest in a fund with a guaranteed three-year average annual rate of return of 50%? The answer "yes" seems to be obvious. But let's take a closer look.
Updated: March 30, 2017In 2016, the only thing more certain than death and taxes was a post-Brexit crisis that would wreak havoc on UK stocks. And then, the unthinkable happened.
Updated: March 28, 2017The DJIA just registered its longest losing streak in nearly six years. Yet, from Feb. 9 through Feb. 27, the index posted its longest winning streak since 1987. Our analysis of that winning streak reveals why we haven't been surprised by the DJIA's downturn.
Updated: March 23, 2017Two trader groups habitually on opposite sides of the market are at it again: See what past extremes say to the present trend.
Updated: March 20, 2017Some people believe that "baby boomers" are driving the stock market's trend. The thinking goes that this large demographic group is behind the bull market, and as they retire, a bear market will follow. This thesis seems logical, but let's look at the evidence.
Updated: March 17, 2017The Fed just announced a 0.25% hike of its benchmark rate -- the second such move in the past three months. A long-held Wall Street belief is that higher rates mean a downturn in stock market prices. Let's put that belief to a test.
Updated: March 9, 2017On March 9, 2017, the bull market marks its eighth anniversary. At the same time, one group of market participants are more bullish than they've been in decades. Are they right? The Wave Principle is helping our subscribers anticipate the next major trend change.
Updated: March 8, 2017Natural Gas - 3 degrees of trend for 2 months. "What's Next" for the U.S. Dollar Index. And, "Who's Excited" about consumer credit? See and hear about these topics and more, in our March preview of Global Market Perspective.
Updated: March 7, 2017In our latest "Video Mailbag," two of our global analysts sit down to answer questions submitted by viewers like you.
Updated: March 7, 2017The financial media regularly rationalizes fluctuations in the markets by attributing them to various news and events. "A causes B." We take a different view.
Updated: March 3, 2017An interesting thing happened on the way to the Dow surpassing 21,000: Corporate insider selling jumped "to levels rarely seen." Moreover, it's not just a short-term trend. History shows why investors should be concerned.
Updated: March 1, 2017Back in July 2016, Japanese government bond (JGB) yields stood at their lowest levels ever amidst a supposed runaway "negative feedback loop." So, why then did the yields start rising to hit a one-year high in late January 2017? The answer might shock you.
Updated: March 1, 2017Yes, you can maintain your financial objectivity when others are losing it. For example, when fear was running rampant during the 2008 bear market, one Asian-Pacific analyst made a historic forecast for a huge rally. Here's how he did it. ...
Updated: February 27, 2017This market sentiment indicator has a reliable history that goes back nearly 200 years! It's sending a signal today that's as clear as it's ever been. We map that indicator out for you.
Updated: February 22, 2017Since soaring to a two-year high in late December, natural gas prices have sweated 35% in value. According to the experts, a record warm winter is to blame for the meltdown. See our charts and decide for yourself.
Updated: February 22, 2017Wayne Gorman, the head of our Educational Resources department, explains how Elliott waves help you get "ahead of the game."
Updated: February 17, 2017The DJIA has been on a winning streak with one all-time closing high after another. "Traders are convinced that market volatility will remain nonexistent." Our subscribers know better.
Updated: February 8, 2017In 2016, the U.S. inflation rate rose from 1.4% in January to 2.1% in December, according to the U.S. Bureau of Labor Statistics. So, how did classic inflation hedges perform? Let's take a look at two.
Updated: February 7, 2017News flash: The 2016 U.S. trade deficit was the largest since 2012, fueling President Trump’s fire to narrow the nation’s gap and bolster the economy. But this research shows historical evidence that suggests this approach could seriously backfire.
Updated: February 7, 2017"Fears" of Inflation. What it looks like when mutual fund managers go "all in." Artificial Intelligence In Action. See and hear about these topics and more, in our February preview of Global Market Perspective.
Updated: February 6, 2017Financial optimism has reached a new extreme. The impulse to herd is ever present, but there is a way to set yourself apart from the crowd.
Updated: February 3, 2017According to mainstream financial wisdom, the Federal Reserve is to gold prices what Gepetto is to Pinocchio: If the Fed raises rates, gold prices fall. But one look at recent events proves the “nose” on this story is getting longer and longer!
Updated: January 31, 2017In our latest "Video Mailbag," three of our global analysts sit down to answer questions submitted by viewers like you.
Updated: January 30, 2017Despite the recent gains in their sector, the CEOs of major U.S. financial institutions have been selling their own stock. This should grab the attention of investors like you. Here's what we have found usually happens following big market decisions by corporate insiders.
Updated: January 27, 2017The bull market has given rise to the "equitizations of individuals." Individual brand names like Oprah and Trump represent wealth much like stocks and bonds. But historic extremes in such brand awareness might serve as a cautionary signal. Take note of the share price performance of Weight Watchers.
Updated: January 25, 2017By 2012’s end, Japan’s stock market seemed to be locked in a bearish fundamentally-sound death-spiral with nowhere to go but down. And yet, prices embarked on a spectacular four-year long bull run to their highest level in 18 years. What gives?
Updated: January 24, 2017Why focus on expectations of inflation? Because, those expectations are detached from reality. The inflated fear of inflation is a contrary signal. Investors are betting on the wrong 'Flation.
Updated: January 20, 2017Residential real estate prices in major global cities rebounded sharply during the current bull market, especially at the high-end. Now, real estate developers grapple with price deflation. At least one real estate indicator is flashing a bigger warning than it did in 2007.
Updated: January 19, 2017On Dec. 16, gold traders were more bearish on a longer-term basis than they were in July 1999, when the precious metal was at $252.15. That day, our Short Term Update said, "It's tough to lean against the crowd ... but that's exactly what our analysis suggests is proper at the current juncture." On Jan. 17, gold hit a 2-month high.
Updated: January 18, 2017Our Senior Instructor Jeffrey Kennedy tells you about the four key principles that'll help improve your Elliott wave skills.
Updated: January 17, 2017If you count on standard credit rating agencies for timely warnings, you might find yourself "behind the 8-ball." Time and again, downgrades have occurred after the damage has already been done. Now is the time to protect your portfolio.
Updated: January 12, 2017In early December, two popular European exchange-traded funds, France's EWQ and Germany's EWG, had one thing in common: a bullish Elliott wave pattern called "ending diagonal" on their price charts. This is what happened next.
Updated: January 12, 2017The old Wall Street advice to "buy low and sell high" seems easier said than done. But there's a group of traders who consistently pull it off. Find out who they are and, more important, what makes them so different.
Updated: January 11, 2017Bond market commentators are saying that President-elect Donald Trump's proposed programs are swaying the bond market. But a close examination reveals otherwise. We posit that there's a "wrong way" and a "right way" to analyze financial markets. Here's what we mean.
Updated: January 10, 2017Why have an ever-greater number of U.S. investors entrusted their money, not to experts, but to the assumption that the stock market itself can just take care of their investment?
Updated: January 9, 2017Most investors extrapolate financial trends into the future. So, they are usually unprepared when the trend changes. Making matters worse, they also usually miss significant countertrend moves. Let's take a look at the bond market.
Updated: January 6, 2017You can also see how our currency forecast came first, and the "Brexit surprise" came second. Plus, why central bank "Targets" amount to a chart of failure. Check it out.
Updated: January 6, 2017In early 2016, the global debt market embraced one of the most powerful “long-bond bonanzas” in recent history. By the end of the year, however, the stellar long-bond rally had completely reversed course. As our analysis shows, this turn of events was no accident.
Updated: December 29, 2016The Fibonacci sequence provides the mathematical basis of the Wave Principle. The stock market's price pattern builds fractally into similar patterns of increasing size. Familiarity with these patterns can prove highly useful to investors.
Updated: December 27, 2016No trader wants to be "left behind" when a financial market takes off. But many traders jump aboard a trend just when it's on the cusp of a reversal. Silver is a case in point, for bull and bears.
Updated: December 22, 2016On December 8, Germany's DAX Index and the Euro Stoxx 50 broke out of long-enduring holding patterns, embarking on a synchronized uptrend to new 2016 highs. According to the experts, the main catalyst for the markets' breakout was the ECB's pledge to keep the QE tap open. But there's a very big problem with this logic.
Updated: December 19, 20162016 has been a year of shocks. And for many gold bugs, that includes the unrelenting downtrend that gold prices have endured since June. According to the experts, gold was supposed to be soaring, not sputtering. So, what happened?
Updated: December 12, 2016Even as the Dow reaches an all-time high, the Dallas pension system is asking taxpayers for a bailout. U.S. public pension systems grapple with an accelerating downward spiral. Our Elliott Wave Financial Forecast notes that some are prime candidates for insolvency.
Updated: December 6, 2016Mainstream economic wisdom claims market trends move at random, with no clear structure or system in place to illuminate future price action. Well, if that were true, then how do you explain the last eight years in India’s Sensex?
Updated: December 5, 2016Global Market Perspective (GMP) delivers monthly analysis and forecasts for the world's major financial markets, straight to your computer. Watch this preview of our December issue.
Updated: December 2, 2016In the face of historic optimism, which attended the July high in 30-year Treasury bonds, our June Elliott Wave Theorist said, "Bonds are on their last leg." In November, global bond investors lost $1.7 trillion. Sentiment has shifted to deep pessimism toward bonds but keep an eye on the wave count.
Updated: November 28, 2016As of Nov. 25, the Russell 2000 closed higher for 15 straight trading sessions. The late Paul Montgomery, a renowned observer of market behavior, made an observation about consecutive closing streaks that should be of high interest to every investor.
Updated: November 22, 2016On Nov. 21, U.S. crude spiked 4%. Not surprisingly, the financial press attributed the price rise to the possibility that OPEC will cut production. But, earlier in 2016, oil prices fell on similar news. Find out what really governs oil prices.
Updated: November 21, 2016Investors shun stocks when they're cheap, but love them when they're over-valued. Financial herding occurs across all groups of investors, even among those who regularly advise against it. It's time to adopt another way of looking at the market.
Updated: November 15, 2016This massive move happened to the granddaddy of "safe," "stable securities." The bond market hasn't seen anything like it in decades. Yet the upheaval simply hasn't gotten the coverage you'd expect...
Updated: November 14, 2016Is Donald Trump good or bad for stocks? The financial press says both! Such blatant contradictions appear regularly in the media. Keep an eye on the market itself. The Dow's price pattern pointed to a new all-time high months before the election, and anticipates what's next.
Updated: November 9, 2016On November 9, U.S. bond investors realized there's something worse than the uncertainty leading up to the 2016 presidential election; namely, the uncertainty following it! Is there a way to gain insight into the market's trend? Absolutely.
Updated: November 1, 2016Yes the presidential election is crazy -- but no more crazy or unprecedented than the market behavior regarding Sovereign Debt...
Updated: October 28, 2016The selloff in global bonds has been blamed on speculation that central banks will raise rates. Some observers point to economic data. Yet, we saw the handwriting on the wall four months ago. See how a combination of Elliott waves and sentiment measures can be highly useful to investors.
Updated: October 24, 2016The bedrock belief that earnings drive stock prices permeates Wall Street. About a third of S&P companies report this week, and investors are watching. But have they bothered to investigate the evidence about earnings and stocks? We have.
Updated: October 20, 2016Yes, this is a thought experiment. But it draws on 250-plus years of American history -- namely the stock market from 1760 to 2012.
Updated: October 18, 2016Except for a couple of turbulent days in early September, this fall season has so far been as uneventful for the markets as this past summer was. But that's likely to change.
Updated: October 17, 2016Stock market price trends tell you much more than if portfolios are gaining or losing value. They give you a good idea of what to expect in society at large. For example, stocks lead the economy. Stocks lead movie productions. Stocks even lead inventors to invent.
Updated: October 12, 2016In a throwback to the last credit mania, bond buyers are once again embracing high risk in their search for yield. Beware of these two debt instruments.
Updated: October 10, 2016Mark Galasiewski talks about the increasing negative sentiment in the Asian-Pacific region and explains why all of the resulting events have great significance for financial trends in the region.
Updated: October 6, 2016The co-editor of the U.S. section of our Global Market Perspective sat down to explain why this uncommon pattern in the Dow fits with the overall long-term picture in the stock market.
Updated: October 6, 2016On October 4, gold prices crashed $40-plus per ounce in their steepest single-day drop in three years. Many cited "hawkish" Fed comments for pulling the rug out from under gold. But that only explains the metal's fall after the fact. What really happened?
Updated: October 5, 2016Could you look at the stock market of a country in South Asia and trace any connection -- and maybe even make a forecast -- for military conflicts in the same region? Turns out, yes.
Updated: October 4, 2016The German government itself has been forced to deny making a plan to bail out Deutsche Bank. This prompted our analyst to note that, "Like most of the great banking crises of the past, we can finally list this one as official, because it has been officially denied."
Updated: October 3, 2016Most people are in love with technology. Tesla Motors and its leader Elon Musk have been prime symbols of this adoration. We take a broad view of technology and find a repetition that should interest every investor.
Updated: September 30, 2016The world's financial system appears to again be at risk. Big trouble is brewing at big banks. Hedge funds are pulling billions of dollars from a financial giant the IMF calls the world's riskiest bank. Get financially safe now.
Updated: September 27, 2016In this interview, learn why Pete Kendall, co-editor of the Elliott Wave Financial Forecast, believes deflation is a global phenomena.
Updated: September 26, 2016Small investors have grown apathetic toward the stock market. On the other hand, institutional investors like hedge funds are extremely bullish. There's a parallel in market history.
Updated: September 23, 2016Today, there are over 10 trillion dollars' worth of so-called negative yield bonds in the world. These bonds don't pay you a dime; no -- you, the buyer, pay the issuer. In other words, with a negative yield bond, you are guaranteed to lose money. Crazy? You could say that again. But, because bonds are "guaranteed investments," there is one interesting caveat...
Updated: September 23, 2016Recognizable patterns unfold in the financial markets. Using Elliott waves, you can learn to identify these patterns and use them to anticipate where prices will go next. Get started with a basic understanding of the Wave Principle.
Updated: September 21, 2016A battle between bull and bear market forces is being fought in the U.S. housing market. On the one hand, millennials are living with their parents longer. On the other, one Connecticut estate aims to become the most expensive residential property in the nation. A victor between bull and bear impulses will eventually emerge.
Updated: September 20, 2016Most economists and most of Wall Street and most of the financial media believe that central banks set interest rates. Problem is, that notion is incorrect. And all the relevant evidence shows that it's incorrect...
Updated: September 19, 2016Millions of investors analyze the Fed's every word. But do central banks control financial markets? It's time to take a close look at the data.
Updated: September 13, 2016When a topic seems to be driving a lot of media chatter, you can quantify it to see if something more than chatter is at work. Case in point: 'Fiscal Stimulus.' Which, it turns out, is quantifiable indeed...
Updated: September 12, 2016Knowledge of classic chart patterns can be of enormous value to you. For example, a contracting diagonal takes a wedge shape within two converging lines, and is the most common form for an ending diagonal. This knowledge helped us anticipate Sept. 9's stock market volatility, even though the market had traded sideways for most of the summer.
Updated: September 9, 2016In this new clip from Steve Hochberg's presentation at the 2016 San Francisco MoneyShow, you'll see how the extreme sentiment surrounding gold helped him anticipate its looming reversal.
Updated: September 9, 2016In late July, Prime Minister Shinzo Abe announced a massive, $267 billion stimulus package -- the largest of the prior 23 years, if you don’t count the one during the 2008-2009 financial crisis. While most investors are wondering whether the stimulus this time will be effective, our analysis gives you a completely different perspective on the announcement.
Updated: September 7, 2016Why are governments paying into public pensions? Why is the rate of increase in government payments so much greater? This chart speaks to the health of public pension funds. In a word, that health issue is "underfunded."
Updated: September 2, 2016The late Paul Montgomery, the originator of the magazine cover indicator, said that when a financial trend makes the cover of a general-interest magazine like Time or Newsweek, the trend is close to a reversal. See how this time-tested indicator helped us to spot the top in Icahn Enterprises.
Updated: August 30, 2016August 15th saw prices reach an all-time high in the Dow. Yet, the Elliott wave pattern we're following suggests something else was also at work: Namely, a near-term peak at 3 degrees of trend.
Updated: August 29, 2016Times are turbulent for the world's largest passenger airliner, the Airbus A380. Orders for the superjumbo jet are drying up. Airbus's share price has a history of outpacing declines in the broader market. Read this analysis from our Global Market Perspective.
Updated: August 17, 2016EWI's CEO Robert Prechter offers visitors his classic report. No purchase necessary.
Updated: August 17, 2016Your next car might drive itself. Advanced computer chips, software and sensors make this possible. These two driverless companies flash bullish wave patterns. Our analyst says hop on board now.
Updated: August 16, 2016Robert Kelley tells you how he uses divergences between related markets -- and what they're telling him now about the markets he follows.
Updated: August 16, 2016Recent headlines say the housing market is "booming." There's no support for that claim in the trend of homeownership. (1:48)
Updated: August 16, 2016House flipping was wildly popular during the mid-00s.The market crashed, and so did the flippers, just as we warned. Many were ruined. Now, flipping is making a big comeback. How safe is it?
Updated: August 12, 2016Each Elliott wave pattern has its own common Fibonacci relationships between waves. You can use them to set your price targets and determine where the trend should reverse.
Updated: August 8, 2016Financial reporters seek a "cause and effect" to explain the stock market's action on a given day. For example, Aug. 5 headlines said the strong jobs report triggered the session's rally. Seems logical, but on May 6, stocks also rallied when the jobs number disappointed. The Wave Principle offers a valuable alternative to looking for market "catalysts."
Updated: July 26, 2016Every new earnings season analysts discuss their impact on the broad stock market. Yet, the idea of earnings driving the broad trend is a GIANT myth -- and this chart proves it.
Updated: July 22, 2016Every financial crash has been preceded by the same setup: an unsustainable build-up of credit. Rising rates will mean corporations will have a difficult time servicing their debt. An inevitable day of reckoning will follow. This chart serves as a warning.
Updated: July 18, 2016Wall Street pundits have called the 2016 presidential election the most important of their lifetimes. Yet our data shows the party in control of the White House makes no discernible difference to the stock market's trend. So what gives? Take a look at a revealing chart from our research about political parties and the stock market.
Updated: July 18, 2016The Wave Principle and other technical indicators helped investors prepare for new all-time highs. See how.
Updated: July 15, 2016Actively managed mutual funds generally charge higher fees than passive index funds. Shareholders pay for the fund manager's supposed stock-picking skills. Find out why many investors are often disappointed, and especially so through the first half of 2016.
Updated: July 14, 2016The facts and evidence are clear: When emotions run high, Elliott waves are at their best. Case in point: Crude oil from 2014 to today. See Prechter's mind-boggling chart and forecast for yourself.
Updated: July 13, 2016Elliott wave-minded investors must be adaptable to a changing market environment in order to be successful. Deductive reasoning is the best approach. See how Elliott waves and supporting technical evidence helped us stay on track with a bullish forecast for the DJIA.
Updated: July 11, 2016The U.S. dollar surged in the wake of Britain's decision to leave the European Union. But the greenback's upward trend started several weeks before the June 23 vote. See how the Wave Principle can help you spot trend turns, even when professional speculators are betting the other way.
Updated: July 7, 2016Albert Einstein's observation that opportunity lies within every difficulty often applies to financial markets. When the fundamentals are at their worst, most investors flee. But they run away from the beginnings of potentially rewarding trends. See what the Wave Principle reveals about an important emerging market sector.
Updated: July 7, 2016From June 23 to July 4, silver prices exploded upwards, soaring 16% to a two-year high. According to the mainstream experts, the Brexit vote was a main catalyst for the white metal's winning streak. But there's much more to this story that they aren't saying.
Updated: July 5, 2016It's been a summer of discontent for Europe's stock markets, as the upside seems lined with banana peels; or rather, Bre-nana peels! Say many, the fuel for Europe's sell-off is Brexit. But our records show otherwise: the makings of the downtrend were in place months before the U.K. decided to leave the European Union.
Updated: July 5, 2016Many investors are baffled when the stock market declines after what appears to be good news or rallies after an external shock. But events do not govern the market's trend. Find out how the Wave Principle helps you to anticipate the unexpected.
Updated: June 29, 2016In 2010, Japan's No. 1 robotics maker, Fanuc Ltd., was set to embark on a five-year long bull run to all-time highs. Investors in the company's stock, however, had no access behind Fanuc's curtain of secrecy. They did, however, have access to a bullish Elliott wave pattern on its price chart.
Updated: June 27, 2016The stock market moves with lightning speed when fear grips the minds of investors. On June 24, the Dow saw its eighth-largest point loss ever. Is the wave of financial optimism that started in 2009 over? A "must read" book tells you how to get financially safe.
Updated: June 24, 2016Steve Hochberg and Pete Kendall discuss what the Brexit vote represents -- and its implications for the world markets and economies.
Updated: June 20, 2016In December 2015, the fundamental experts gave gold's future two, enthusiastic thumbs-down. And yet, from a six-year low, gold prices turned up, rallying 20% to a 22-month high this June. Turns out, there's more to this market than meets the fundamental eye.
Updated: June 17, 2016"Is it true that Britain's vote to leave the European Union will cause upheaval in the financial markets?" You may be wondering the same thing. That's why we've put together this new free report, "How to Invest for Brexit," featuring EWI Chief European Market Analyst Brian Whitmer.
Updated: June 17, 2016In part two of this essay, our Currency Pro Service editor, Jim Martens, explains how to think of the Elliott Wave Principle as your road map to the market -- and your investment idea as a trip.
Updated: June 16, 2016Mark Galasiewski tells you how his analysis of Indian stocks differs from the way he looks at other markets.
Updated: June 15, 2016Mark Galasiewski tells you what helps him keep an eye on all markets across the Asia-Pacific region at the same time.
Updated: June 13, 2016Most investors are too embarrassed to tell the truth: They consistently lose money in financial markets. Even during a bull market, the median household saw their retirement wealth decline by 13%. The observations of a stock broker more than 100 years ago are revealing.
Updated: June 10, 2016Watch a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you the basics of the triangle, a sideways correction, and shows an example in the chart of Pfizer, Inc. (PFE).
Updated: June 9, 2016Since plummeting to the abyss of a 13-year low in January, the Bloomberg Commodity Index rocketed 21% to enter official "bull market" territory on June 6. Some say the Fed's ongoing commitment to ultra-low interest rates is feeding the sector's fire. But there's a whole lot more to this new "bull" run than meets the eye.
Updated: June 7, 2016The era of the industrial robot has arrived, and our Global Market Perspective pinpoints opportunities. The share price of Fanuc Corp. tripled after our analyst identified the early stages of a fifth-wave thrust. More recently, the robot revolution has taken a breather. Expand your investment horizon now.
Updated: May 26, 2016Most investors herd. Hence, most investors lose, including the smartest. The May Elliott Wave Theorist says, "To win, you have to do the opposite of what's natural."
Updated: May 26, 2016How much faith to you put in a company's earnings data to gauge its future growth potential? Well, we have four shocking truths about the real value of earnings that will radically change the way you see this time-honored measure.
Updated: May 24, 2016On May 4, we were right alongside the mainstream experts with a bullish outlook on gold -- save for one "critical" difference. Our analysis identified a critical support level that, if breached, would tilt the odds in favor of a major decline. And that has made all the difference.
Updated: May 24, 2016Watch a lesson from Jeffrey Kennedy's Trader's Classroom. He'll teach you about the basics of the zigzag.
Updated: May 20, 2016On May 3, the EURUSD turned down (i.e. falling euro, rising U.S. dollar) in a powerful reversal to two-month lows on May 20. Turns out, the euro's sell-off was not in the popular, Fed-led script handed out by mainstream analysts. It was, however, in the Elliott wave one.
Updated: May 18, 2016Our Senior Instructor Jeffrey Kennedy explains the importance of knowing the right questions to ask when looking at the market as an analyst vs. a trader.
Updated: May 18, 2016Sometimes it's hard to get excited about sideways movement on a market's price chart. Like, say, the four-month long sideways crawl in sugar prices from October 2015 to January 2016. But from an Elliott wave standpoint, this kind of "holding pattern" is often cause for the greatest excitement.
Updated: May 17, 2016Wave analysis works by helping you track the market's psychology. Of course, not every Elliott wave forecast works out. Yet, even then Elliott waves give you the exact price points to watch; if the price breaks any of them, you'll know it may be time to get out. "Cut your losses short," remember? Elliott waves help you do just that. Let's look at a fresh example.
Updated: May 16, 2016Financial history shows that peaks in corporate mergers generally occur prior to major bear markets. With that in mind, consider that 2015 saw a record amount of money spent on mergers. But, since then, a shift has occurred. Is financial history set to repeat?
Updated: May 12, 2016Without question, over the past five years U.K. shares have been among the strongest equity performers, with the FTSE 100 recently rocketing above the 7000-point mark for the first ever in April 2015. But the "great bull market" isn't actually as great as it seems.
Updated: May 10, 2016On May 9, crude oil prices rose 2% in the morning, only to turn down and plunge 3% in the afternoon. The reason for BOTH moves, said the experts, was Canada's wildfires. The lesson here is one you'll never want to forget.
Updated: May 5, 2016On May 5, Malaysia's Kuala Lumpur Composite Index slipped to a two-month low. The mainstream experts cited negative economic data in China as the root cause for the rout. Sounds perfectly logical... at first read.
Updated: May 4, 2016Seasoned instructor Jeffrey Kennedy has been teaching the Elliott Wave Principle for more than a decade. Watch his simple tips to help you get started with Elliott waves.
Updated: May 4, 2016Yes, major weather events can temporarily alter prices. But ultimately, they will go back to resume their natural course. Take, for example, the recent performance by soybean futures.
Updated: May 4, 2016John Jacob Astor has been called "America's first multi-millionaire," and he made a brilliant financial move that may interest investors. Today's luxury market appears to be in trouble. Take a look at this chart.
Updated: May 3, 2016Watch a lesson from Jeffrey Kennedy's Trader's Classroom. He'll teach you about the basics of the ending diagonal.
Updated: April 28, 2016On April 27, the World Bank Group upwardly revised its annual forecast for crude oil prices -- after oil had risen 77% from this winter's lows. As for seeing oil's rally in advance -- well, that's a different story. One worth reading now...
Updated: April 28, 2016Watch a lesson from Jeffrey Kennedy's Trader's Classroom. He'll teach you about the basics of the impulse wave.
Updated: April 27, 2016On April 11, copper prices took step one of a powerful rally that launched the red metal to one-month highs -- despite a raft of bearish data that pointed the market in the opposite direction. Makes you think something else is at work!
Updated: April 25, 2016A big percentage of pension benefits go poof! Workers protest to no avail. The government's Pension Benefit Guaranty Corporation is broke. Take the steps to secure your retirement now.
Updated: April 21, 2016"The trend is your friend," goes the old trading adage -- but what if the trend is about to end as you're "befriending" it? Elliott wave analysis is uniquely positioned to give you ample warning when that happens -- watch.
Updated: April 21, 2016On April 18, crude oil took step one of a powerful rally that rocketed prices to new highs for 2016 -- despite one of the most bearish fundamental news events in oil's recent history. What gives?
Updated: April 18, 2016In 2012, all fundamental signs in wheat's backdrop pointed UP. But instead, wheat prices entered a four-year long, 50%-plus deep bear market to the decade lows we see today. The grain went off its fundamental script. But it stayed true to its Elliott wave one.
Updated: April 13, 2016Over the last year, Walmart has gone from retail victor to re-FAIL victim of falling sales growth, store closures, layoffs, and on. Who's to blame for Walmart's reversal of fortune? Hint: It's not the strong dollar. It's deflation.
Updated: April 5, 2016With the help of the Wave Principle, you can spot investment opportunities when the fundamentals are at their worst. Emerging markets are a good example. Review this chart and commentary from our Global Market Perspective.
Updated: April 4, 2016Housing market analysts expect prices to climb again in 2016. But one EWI subscriber expresses caution. Learn what he just told The New York Times.
Updated: March 31, 2016Between mid-January and March 31, the Canadian dollar (nicknamed "loonie") went from a near record low -- to a five-month high. The currency's dramatic performance may seem "loony," but in fact, it's just what the Elliott wave script called for.
Updated: March 30, 2016Does the news move the markets? New insights from Chris Carolan explain why it's a mistaken notion.
Updated: March 24, 2016On March 10, gold prices turned down from a 13-month high to embark on the 11-session sell-off we see today. The problem is, the metal's downtrend fits nowhere into the mainstream picture. It does, however, fit into the Elliott wave one.
Updated: March 23, 2016According to mainstream wisdom, commodity prices revolve around the Federal Reserve's monetary policy. But historical evidence proves there's a much larger force at the center of the commodity universe.
Updated: March 23, 2016In 1934, Ralph Nelson Elliott discovered that social, or crowd, behavior trends and reverses in recognizable patterns. From this discovery, he developed a rational system of market analysis called the Wave Principle. Here's a quick introduction to the Elliott Wave Principle.
Updated: March 22, 2016Gold has been hailed as "the biggest story of this year" lately. And to think that just in December, pundits were saying that gold had "lost its luster"! How did the mainstream miss this sleeper opportunity? This video gives you an answer.
Updated: March 18, 2016This St. Patrick's Day, some crude oil investors and traders may not be feeling lucky, as they've been pulled all over the map this week by none other than the "fundamentals," which are supposed to keep them on the straight and narrow.
Updated: March 16, 2016Using Fibonacci calculations helps you identify high-probability price targets and trade setups. In this new interview with our Senior Instructor Jeffrey Kennedy, you'll learn how Fibonacci pairs perfectly with Elliott wave analysis. Watch now.
Updated: March 15, 2016The Wave Principle is the only technical analysis tool that lets you know exactly where you're wrong. Our senior instructor Jeffrey Kennedy explains this important benefit of Elliott wave analysis -- watch.
Updated: March 12, 2016University of Delaware professor and 2016 Social Mood Conference speaker Nerissa Brown explains how her research on herding overlaps with the study of social mood.
Updated: March 9, 2016Wondering "What did I do wrong?" Discover if you're making one of these common mistakes.
Updated: March 4, 2016It's been over 80 years since the world plunged into a devastating deflation. Now, an entire lifetime later, the evidence for this rare event is appearing again. Look at these two charts.
Updated: March 4, 2016Back in 2012, all the fundamental signs pointed UP in soybeans. But instead, bean prices turned down, plummeting 50%-plus in the multi-year bear market we see today. Here are some signs to help you spot the next big trend change.
Updated: March 2, 2016The three-month long roller-coaster ride in natural gas has been epic: First, prices plunged to a 17-year low in late December, then less than one month later, they soared 50% into early January before turning back down. Now it's time to harness that volatility.
Updated: March 1, 2016In the May 2008 issue of The Elliott Wave Financial Forecast, we cited a sudden loss of enthusiasm for company buybacks as another component of a major market reversal.
Updated: February 29, 2016Brian Whitmer explains why the elevated state of investor optimism will ultimately lead many European banks to default.
Updated: February 25, 2016The Elliott Wave Financial Forecast has been tracking a steady global shift to greater financial conservatism over the last several months.
Updated: February 24, 2016Some financial authorities want to take away your cash. Now is the time to find a safe place to store your greenbacks. See a chart that shows how "deflation is winning."
Updated: February 19, 2016All eyes were on the much-anticipated OPEC oil production freeze this week. And yet, somehow, crude oil prices themselves had two very different reactions to news of the output halt? Read on!
Updated: February 18, 2016Real estate agents say that today's near-record low mortgage rates means it's a good time to buy a house. But is it? See a chart that debunks a common belief about housing prices, and learn about warning signs that are reminders of the 2006 housing bubble.
Updated: February 17, 2016Rather than revive demand for Chinese exports, the August 11, 2015 devaluation of China's currency has fueled a capital flight by China's own citizens and businesses. The practice is called "smurfing," and here's why...
Updated: February 16, 2016It's been conventional wisdom for decades: Gold is a "fear hedge." And yet, like many other market myths we've written about, this one is also just that -- a myth. Look at this chart, decide for yourself.
Updated: February 16, 2016Global political leaders and CEOs of major companies have a privileged perspective on the world. But even they can steer investors in the wrong direction. Right now, emerging markets appear ripe with opportunity, contrary to the "experts'" forecasts. Take a look at these two charts.
Updated: February 11, 2016It's tempting to say that gold is up 16% YTD "as investors are seeking a safe haven." Problem is, this (very logical) explanation tells you little about where gold might go tomorrow. Elliott wave analysis, on the other hand, does.
Updated: February 11, 2016Professional investors made a huge bet against gold in December. We took the opposite stance. Money managers are now licking their wounds. The price of the yellow metal has climbed north of 22%. Position your portfolio for gold's next big move.
Updated: February 10, 2016It's a bit like watching Old Faithful fail to erupt when it should: To see a market "correlation" become disconnected can be unsettling. For weeks the media has looked at oil prices to forecast stocks. But Tuesday morning (Feb. 9) a CNBC headline said this...
Updated: February 9, 2016For the financial markets, the biggest event of the week starts tomorrow: On Wednesday and Thursday (Feb. 10-11) Fed chair Janet Yellen will appear before Congress to deliver her semi-annual Monetary Policy Report.
Updated: February 8, 2016On Feb. 8, U.S. and global stocks had a rough day. And what, says the conventional wisdom, "reliably" goes up when markets are "uncertain"? That's right: gold. But here's something you should know...
Updated: February 8, 2016Food for thought: "Fed up with banks' reluctance to lend," one of Italy's most prominent dairy co-ops has raised 6 million euros via bonds backed by cheese! It's a little funny at first read. But the larger issue here is actually quite serious.
Updated: February 8, 2016Financial markets have a way of turning just when the majority of investors are convinced that the established trend will continue. But make sure a market's chart pattern also supports a turn. This market appears ripe with opportunity.
Updated: February 5, 2016Jeffrey Kennedy, the editor of Commodity Junctures, puts the 2015 decline in commodities into perspective in terms of the larger trend.
Updated: February 2, 2016In this 4-minute video clip, from Robert Prechter's brand-new video presentation, Prechter offers a whole new perspective on financial causality -- a perspective that allows you to anticipate, understand and act on developing financial trends that nearly all other investors and social forecasters fail to see coming.
Updated: February 1, 2016How could anyone have foreseen 10-15 years ago that marijuana would become the fuel for a legitimate and legal cannabis capitalism movement in the United States? Answer: Socionomics
Updated: January 29, 2016On January 29, the Bank of Japan slashed interest rates into negative territory in hopes of fending off further economic weakness. History shows, however, the "free money" policy is futile against the "immutable" forces of finance.
Updated: January 29, 2016India is often ignored in the U.S. financial media. But investors should pay close attention. Indian equities have outperformed U.S. stocks over the years. And, now, opportunity appears to beckon again.
Updated: January 29, 2016The conventional wisdom says that the Fed's decision to leave rates unchanged triggered a jump in gold to a 12-week high. But does the central bank's policy really drive the price of gold? See how the Wave Principle helps us to forecast gold.
Updated: January 29, 2016Most analysts say the same thing: Oil is higher in reaction to the news. Sounds reasonable... but what if someone told you there was a way to forecast this rally before the news -- or even without any news?
Updated: January 27, 2016Let's say you're an alien sent to this planet to study human behavior. Your task: the stock market as a mirror or human collective psychology. Millions of humans invest in it. Can you learn something by watching them put their money in a collective pot? Oh yes.
Updated: January 26, 2016You've probably noticed that lately, oil and stocks have been moving in unison -- so much so that today, people say that cheap oil is bearish for stocks, and higher oil prices are bullish. But do you remember that not that long ago, they said precisely the opposite?
Updated: January 22, 2016Crude oil's long-term Elliott wave count anticipated a dramatic price slide. Workers for energy companies grapple with the consequences. The deflationary trend has only started.
Updated: January 22, 2016On January 21, editor of our monthly Asian-Pacific Financial Forecast, Mark Galasiewski, gave a new interview to CNBC TV18 in India -- to discuss an imminent opportunity that may be ripe for their picking. Learn what it is now.
Updated: January 21, 2016Alibaba's stock market debut -- BABA -- was supposed to be the can't-lose, golden IPO of 2015. But then, the stock plunged 30% and stands near its initial offer price. While it's easy to blame China's contracting economy for the BABA bust, that wouldn't be true.
Updated: January 20, 2016At times like this, many people say: "Well, of course stocks are down -- after a six-year bull market without much of a correction." Yet, even if it feels like the decline was "only natural," in reality very few market experts said so on the record. In fact...
Updated: January 20, 2016Dow Theory and the Wave Principle are both based on empirical observations and complement each other. Dow Theory nailed the market declines of 1973 and 2007. Find out what investors should know now about the current Dow Theory signal.
Updated: January 15, 2016Stocks rallied on Thursday (Jan. 14) -- but tanked again on Friday (Jan. 15), probably making the previously reported $3.2-trillion loss in the value of global stocks even bigger. But how can that be? Doesn't money simply move from one asset class to another?
Updated: January 14, 2016Financial optimism was on full display in 1999 and 2006. The rich were splurging as the stock market zoomed higher. Bear markets soon followed. Now, as we kick off 2016, the affluent are partying like it's 1999 and 2006.
Updated: January 13, 2016The stock market's price history consists of recognizable patterns at all degrees of trend. The chart of one European bourse shows a bull market has ended at five degrees of trend. It now appears that Minor wave 3 is unfolding.
Updated: January 12, 2016"A Williamsburg establishment started selling a $100 edible 24-karat-gold-covered doughnut dunked in Cristal-infused icing. It's $1,000 for a dozen and it's not even in Manhattan." (January 11 Vanity Fair)
Updated: January 7, 2016Since hitting an all-time high in early 2015, AAPL stock has plunged a whopping 26%. Clearly, AAPL falling from its bullish branch was not part of the mainstream plan. It was, however, part of the Elliott wave one.
Updated: January 6, 2016Pay attention to the market's momentum. The late Richard Russell of Dow Theory fame developed a proprietary configuration of eight market-based measures. We've created a momentum indicator from this configuration. Look at the chart.
Updated: January 6, 2016Our Global Opportunities Expert, Chris Carolan, discusses Monday's sharp declines in China's Shanghai Composite and Germany's DAX, and then he shares his outlook for the global markets based on the regional currencies.
Updated: January 5, 2016We're only two trading days into 2016 -- yet, so far, the new year isn't looking too promising. Right now, you may be scrambling to make sense of the DJIA's huge tumble on Monday. This excerpt from our December Elliott Wave Financial Forecast may help.
Updated: January 4, 2016In 2015, the mainstream experts said falling oil prices would help jump-start the economy. It goes without saying, this forecast did not come to pass as planned. The full story might surprise you.
Updated: December 31, 2015Not one economist surveyed by The Wall Street Journal at the start of 2015 anticipated that crude oil would be trading under $40 a barrel. Most of them don't consider investor psychology, the true driver of big trends. And that's precisely what Elliott wave analysis helps you do. Take a look at this chart.
Updated: December 31, 2015A classic "head and shoulders" pattern is showing up in the FTSE 100. If prices slice through the neckline, how far can investors expect the FTSE 100 to fall? Learn about the head and shoulders measuring formula.
Updated: December 30, 2015During the holiday season, many people receive cash as a gift. Recipients would be wise to store that cash in a safe place. Bargains in an array of financial assets may be soon available. A shift to financial conservatism appears to have already started.
Updated: December 29, 2015Over the last year, investors' appetite for risk has gone from red hot to lukewarm, culminating in the recent junk bond bust. Get the real story of the reversal here...
Updated: December 29, 2015chart of the day | You may have seen us mention the importance of sentiment extremes on these pages before. We don't take sentiment at face value; years of experience have taught us to use sentiment extremes as a contrarian indicator -- here's why.
Updated: December 28, 2015How do you distinguish between a "good" Elliott wave count and a "bad" wave count? Watch this new video lesson on how to develop good wave counting skills from our Trader's Classroom.
Updated: December 23, 2015chart of the day | Consumer spending accounts for about 70% of the U.S. GDP, so the latest uptick in spending is happy news for stock market bulls. Except, there is one caveat.
Updated: December 23, 2015"Open Sesame" is the phrase that opens the door to treasure. A Chinese entrepreneur was inspired by the story of Ali Baba and the Forty Thieves and named a company that has yielded vast riches. One of our Global Market Perspective editors provides analysis of Alibaba Group.
Updated: December 22, 2015It's almost Christmas, "the hap-happiest season of all." Yet, here's a sobering fact for U.S. investors: As this chart shows, the S&P 500 stocks are actually lower now than at the end of last year.
Updated: December 21, 2015Learn why "the markets are more powerful than governments" in this new interview with Brian Whitmer.
Updated: December 18, 2015The sentiment surrounding company stock buybacks goes from cheers to jeers. Also, a splintering is taking place in M&A deals. Are these signs of a historic trend shift in stocks?
Updated: December 18, 2015The U.S. Federal Reserve's December 16 rate hike was interpreted by gold bulls the world over as a virtual lightsaber through the heart. But as recent history proves: The "force" behind gold prices isn't the Fed...
Updated: December 17, 2015The debt loads of companies and governments should be easy to service given the exceptionally low interest rates. But did you know that global bond default rates have hit their highest level since 2009? Learn why the next credit crunch could be worse than 2007-2009.
Updated: December 17, 2015chart of the day | Here we have the Barclays U.S. Corporate High Yield Spread. It's one of those indicators you don't see enough of in the financial media, even though it's a lot more predictive and relevant to investors, versus all of this week's hoopla about the Federal Reserve.
Updated: December 16, 2015On December 16, the U.S. Federal Reserve hiked interest rates for the first time in nearly a decade. Yet -- even though the rate hike was a foregone conclusion, the Nikkei's reaction to said hike was apparently all over the map.
Updated: December 11, 2015The transition from risk-taking to risk-aversion started off gradually in 2007. Then it suddenly accelerated. Our analysts see evidence that a similar pattern is repeating itself. Look at these two charts.
Updated: December 10, 2015In this 3-minute video, our Senior Currency Strategist Jim Martens shows you several Elliott wave patterns that offer high-confidence trading opportunities.
Updated: December 9, 2015It's not quite time for the so-called Santa Claus Rally. And yet, it's easy to get disheartened when you see stocks struggle and fail to make progress for days. That's when you may wish to consider turning to Elliott wave analysis.
Updated: December 9, 2015Our Global Market Perspective editors have spotted two compelling investment ideas in Australia. We first show you Australia's big stock market picture. Then we focus on the charts of two Internet companies.
Updated: December 9, 2015Between 2011 and 2015, copper has gone from life force of a commodity bull market -- to life raft in a commodity bear. Turns out, the reversal in the red metal's fate is exactly what the Elliott wave "doctor" ordered.
Updated: December 8, 2015The market-forecasting method I employ every day has been around since the 1930s. Yet, it works as well as, if not better than, any new-fangled, expensive, computerized technical analysis package I've seen. My method is a form of technical analysis based on...
Updated: December 4, 2015Here's a question: Has the bull market in German stocks faked its own death in order to force investors "home" for a major buying opportunity? Turns out, this idea isn't as crazy as it sounds...
Updated: December 3, 2015Big banks remain more fragile than most people realize. Many financial institutions never really recovered from the 2007-2009 financial crisis. A new report opens your eyes to the secret new government tax.
Updated: December 3, 2015With so much economic uncertainty surrounding Japan, how is an investor to know whether it's time to go long the Nikkei -- or stay on the sidelines? Answer: Elliott wave analysis!
Updated: November 24, 2015Pete Kendall, co-editor of The Elliott Wave Financial Forecast, discusses important trends that he'll be watching in the coming weeks and months ahead.
Updated: November 24, 2015chart of the day | See a chart of two indexes, which represent two strongly-related sectors in the financial industry -- namely, banking and hedge funds. At a glance, the patterns look similar. But there is more to this story.
Updated: November 23, 2015Applying the laws of consumer economics to the stock market is a big mistake. See an illustration that shows how they differ.
Updated: November 20, 2015In 2012, all the "fundamental" lines added up in corn's bullish favor. And yet, corn prices embarked on a multi-year bear market that persists today. Lend your "ear" to the full story...
Updated: November 19, 2015Syria is at the top of any serious list of today's "biggest problems." Not just because of Syria's nearly five-year war. Not just for being the bloodiest example of how "The Arab Spring" became "The Arab Winter"...
Updated: November 19, 2015A new day has dawned as the world's largest economies adopt a pro-currency devaluation stance -- led by China. So, what really happened to change their minds?
Updated: November 19, 2015On Thursday (Nov. 19), crude oil again fell below $40. From our perspective, there are other factors impacting oil prices than what meets the eye. We are talking about Elliott wave patterns, of course.
Updated: November 16, 2015chart of the day | This is a daily chart of spot gold prices, as the action stood on November 9, one week ago. Here are a couple of things that make this chart interesting. First, we see four completed waves of what we expect to be a five-wave pattern. Second...
Updated: November 16, 2015From their March 2014 peak, lean hog prices have plummeted 60%-plus to a six-year low. Turns out, the price slaughter was not what the fundamental doctor ordered.
Updated: November 13, 2015Meet the predecessor of the Elliott Wave Principle: Dow Theory has been around for over a century and boasts a consistent record of performance. Yet some analysts are dismissive. Learn why you should pay attention to the Dow Theory -- along with the Elliott Wave Principle.
Updated: November 12, 2015"Most investors follow the actions of others, whether they are on the right side of the market or not. The result is that prices move according to investors' optimism and pessimism. Investors use the news to rationalize their emotional decisions -- and most people lose money." How can you avoid that?
Updated: November 12, 2015The list of countries joining the currency devaluation bandwagon keeps growing. But how effective is this strategy really for restoring economic growth?
Updated: November 6, 2015With the yield on the 10-year Japanese Government Bond circling .3%, some say the JGB is actually facing "extinction." They also say the bond's fate depends on the BOJ. We disagree on both accounts!
Updated: November 5, 2015chart of the day | European stocks, just like stocks in the U.S., enjoyed a rebound over the past few weeks. You may have heard different reasons for the rally in Europe, but here's one most analysts overlook -- and in our opinion, it's one of the most important reasons.
Updated: October 30, 2015What do NYC taxicab medallions and stock market shares have in common? Well, let's just say, borrowing money to buy into either asset with the hopes of ever-rising values doesn't end well
Updated: October 29, 2015The evidence is clear. The stock market leads the economy contrary to popular belief. Episode 2 of the Elliott Wave Pillars series walks you through the overwhelming evidence that proves this point without a doubt.
Updated: October 29, 2015The Golden Ratio is found everywhere, from nature to human behavior to financial markets. Episode 3 of the Elliott Wave Pillars Series explains this amazing natural phenomenon in greater detail.
Updated: October 29, 2015Are financial markets patterned? Episode one of the Elliott Wave Pillars Series shows you a theory that proves they are.
Updated: October 29, 2015The Elliott Wave Pillars Series walks you through why we view the markets and social action the way we do. You'll see compelling evidence that will help change how you view the markets.
Updated: October 27, 2015In the early 1990s, two simple words transformed the way the U.S. consumer saw it: "Got Milk?" Suddenly, the narrative changed from an obligatory drink you had to finish as a kid -- into a sexy, funny, and above all desirable treat for all ages. Until now...
Updated: October 21, 2015Today, we step into our "time machine" and go back to July 11, 2008 -- the day of crude oil's all-time high. There, you'll also see how prepared the mainstream financial experts were for crude's ensuing crash.
Updated: October 21, 2015The mood of investors gradually transitions from risk-on to risk-off. But once fear takes full control, the rush to the exit is like a stampede. In some ways, today is like 2007. See what we see.
Updated: October 15, 2015In this clip, our Chief Market Analyst Steve Hochberg talks about the upcoming New Orleans Investment Conference, sharing some interesting facts about the conference's origins and explains why he keeps going back to speak, year after year.
Updated: October 14, 2015Volkswagen, the world's largest car maker, has been rocked by the biggest scandal in its 78-year history. But did the scandal also fuel the sell-off in VW's stock price? The answer might surprise you
Updated: October 14, 2015What is more likely: an asteroid hitting the earth or deflation? A famous hedge fund manager gives his opinion. You can review the evidence for yourself.
Updated: October 14, 2015Elliott waves don't merely reflect prices plotted over time. Each wave has its own "personality." Watch this video to learn more about the psychology behind the waves -- and how it affects your investment decisions.
Updated: October 9, 2015Back in late 2007, one simple technical tool -- trendlines -- was instrumental in enabling us to forecast a bearish reversal in Germany's DAX Index. The time to use this tool is upon us, again.
Updated: October 7, 2015Homeowners were using their homes as ATMs around the time of the 2006 peak in housing prices. Today, many people are again borrowing against their homes. Learn why the housing market is prone to "boom and bust."
Updated: October 7, 2015On October 6, crude oil prices surged to a one-month high. And, according to the mainstream experts, oil prices are rising as Russian airstrikes in Syria intensify. There's a lot more to this story, however, than meets the eye.
Updated: October 2, 2015In December 2014, we discussed an indicator that appeared to carry "the same message as it did in 2007." The Dow Industrials topped just five months later. Now, the stress level is even more intense.
Updated: October 1, 2015When ECB president Mario Draghi launched the first-ever Euro-QE in March 2015, it was hailed as the "death of deflation." But now, after six months, deflation is back in the eurozone...
Updated: September 29, 2015This S&P 500 chart covers the past 4 years. The relevant dates are October 4, 2011 (an important low) and, recently, September 21 -- the date we posted this chart in our Short Term Update. Between those dates are two great pieces of visual evidence. First...
Updated: September 28, 2015For most of this summer, the U.S. stock market was about as volatile as a yoga retreat. Now, it's a model of turbulence. Yet somehow, the mainstream experts have insisted that both volatility scenarios are bullish! Keep reading...
Updated: September 28, 2015Pete Kendall, co-editor of EWI's monthly Elliott Wave Financial Forecast, tells you if investors should commit the recent stock market highs to memory.
Updated: September 18, 2015The Fed's 2% inflation target remains elusive even after a prolonged period of near-zero interest rates. We see evidence of a rare economic trend that the Fed will be powerless against. See two charts that help to explain.
Updated: September 16, 2015Some people think the Elliott Wave Principle is complicated. Yet, to find trading opportunities all you need to know are the five core Elliott wave price patterns...
Updated: September 14, 2015On Sept. 16-17, the Federal Reserve meets to decide whether or not to raise interest rates. It's been described as "the most important Fed meeting of the decade" -- and a pivotal moment for stocks. Yet, these four charts show you why it may not be.
Updated: September 11, 2015In late August, Germany's DAX index entered bear market territory, having plummeted 22% from its all-time record high in April 2015. But before you blame China for the rout, look closely...
Updated: September 9, 2015See how this single market indicator warned of reversals in stocks in 2000 and 2007.
Updated: September 2, 2015You may have heard or read that the recent wild market swings were unpredictable. Yet, take a look at this one indicator which was flashing red before the "pandemonium" began.
Updated: September 1, 2015The Elliott Wave Principle can help you assess probabilities regarding future market movement. Our wave analysis has kept our subscribers ahead of recent market turns. Here's a free tutorial to help you learn what you need to know about the Elliott Wave Principle.
Updated: August 25, 2015China's Shanghai Composite Index just suffered its worst 2-day rout since the 2007 financial crisis. Now, say the usual pundits, it's up to monetary officials to stem the tide. Are they right?
Updated: August 13, 2015U.S. retail sales rose in July, but to get the full picture, you need to see the two charts EWI's Chief Market Analyst recently shared with a packed house at the San Francisco MoneyShow.
Updated: August 10, 2015An investigation of past stock market tops reveals that they were all preceded by this phenomenon. See the chart which depicts it unfolding right now.
Updated: August 6, 2015In this interview, EWI's European markets expert, Brian Whitmer, highlights the countries he is most concerned about in Europe -- and explains why you should be concerned, too.
Updated: August 6, 2015Has the much anticipated rate hike from the Fed already happened? See a chart that debunks the myth that the central bank is in control of the direction of interest rates.
Updated: August 6, 2015In this interview, EWI's European markets expert, Brian Whitmer, highlights the countries he is most concerned about in Europe -- and explains why you should be concerned, too.
Updated: August 5, 2015Listen to a clip from our Chief Market Analyst Steve Hochberg's recent presentation at the San Francisco MoneyShow to get our unique perspective on the future of the U.S. real estate market.
Updated: August 5, 2015On August 13, Greece's Athens Stock Exchange suffered its biggest single-day crash ever. But the experts say the country's economic woes are fully contained. We have good reason not to believe them.
Updated: August 4, 2015You might not have noticed it that much at your favorite gas station (there isn’t always a perfect correlation between crude oil and the price at the pump) but in July alone, crude oil futures fell more than 20%, to bottom just above $45 a barrel on August 3.
Updated: August 3, 2015The U.S. GDP growth has just been revised upward. That, many experts say, sets the stage for a stock market rally -- because the economy leads and the stock market follows. Right? At least, that’s what almost everyone believes. But even a brief glance at recent history proves otherwise.
Updated: July 30, 2015As the CRB index of commodities plunges to a 7-year low, many investors are looking to the Fed to stem the falling price tide. See why such faith is sorely misplaced.
Updated: July 29, 2015Even as the market forms the biggest triple extreme in 150 years, market fear is historically low. See a chart that shows just how far above the trend the inflation-adjusted S&P 500 Composite has risen.
Updated: July 28, 2015Last month at the San Francisco Money Show event for investors and traders, EWI's Chief Market Analyst Steve Hochberg addressed the audience with a series of eye-opening insights. Here's a short clip.
Updated: July 24, 2015Many investors monitor the news for hints on how to position their portfolios. Learn why this is a BIG mistake.
Updated: July 21, 2015Many private companies want to go public during a bull market trend. Even companies that are losing money get listed on major stock exchanges when optimism reaches an extreme. See a chart that tells a story that investors need to know now.
Updated: July 21, 2015If you live in the U.S., maybe you've noticed lately that "We Buy Gold!" signs are disappearing from sidewalks in front of pawn shops. The signs really began popping up in 2010-2011, when gold prices were climbing to their all-time high of $1900 an ounce. And even after gold tumbled...
Updated: July 17, 2015Much fanfare was made over Janet Yellen's appointment as the first female chair of the Fed. But it appears the honeymoon is over. The central bank's inflationary policies have been impotent. Learn why Yellen's legacy may be greatly tarnished.
Updated: July 16, 2015Introducing the newest crop of "oddball loans" -- bonds backed by dirty laundry. Here's why these "esoteric" assets are just one sign that stock market bulls may soon get hung out to dry.
Updated: July 16, 2015It is amazing to read assertions from the Fed and others that the stock market is nowhere near being in a bubble. Several aspects of the financial environment are actually so extreme as to be unprecedented. Here are 8 indicators we are watching closely.
Updated: July 15, 2015Learning how to apply Elliott wave analysis in your own investing or trading? Hear these tips from a Wall Street veteran who's been personally using Elliott waves since the 1980s.
Updated: July 15, 2015Malcolm Gladwell's best-seller Blink shows how our first impressions are unconsciously manipulated by forces outside our control. Now, hedge fund and other money managers -- they aren't unconsciously swayed by the masses, right? Don't be so sure.
Updated: July 14, 2015As everyone knows, the U.S., Iran and five other nations reached a huge agreement Tuesday. Let’s set aside the politics of the agreement for a moment. What does it mean for the price of crude? Here's an Elliott wave viewpoint.
Updated: July 10, 2015According to our research, investors are hopelessly devoted to the U.S. IPO market, even though the relationship has become dangerously one-sided.
Updated: June 23, 2015Wall Street's renowned "hemline indicator" observes that the length of women's skirts rise and fall with the stock market. Here's a quick historic overview.
Updated: June 22, 2015We have often said that holding cash is a smart way for investors to protect themselves against a major economic downturn. Now, the manager of one of Britain’s biggest bond funds says likewise.
Updated: June 10, 2015Watch this video of Robert Prechter explaining social mood from an outside observer's point of view.
Updated: April 27, 2015The latest electronic device is a "must have" for many people. Technology is pervasive. Many tech companies have seen big advances in their share prices. Are we in a bubble?
Updated: April 8, 2015Money managers are nearly fully invested in the stock market. An eerily similar setup was in place just three months before the 2007 market top. Take a look at this chart ...
Updated: March 29, 2015We often get asked about computerized trading "causing the market to stray from the Wave Principle." EWI founder Robert Prechter asked that very question in this excerpt from Prechter's Perspective.
Updated: March 29, 2015Subscribers often write in saying that, "Sometimes on your charts there is overlap between waves one and four within wave 5. Doesn't that break a rule?" This excerpt from Elliott Wave Principle -- Key to Market Behavior answers that question.
Updated: March 28, 2015Fibonacci provides the mathematical basis for the Wave Principle. This lesson, adapted from our How You Can Identify Turning Points Using Fibonacci eBook, shows you how to calculate the retracement that corrective waves make.
Updated: March 18, 2015Here's a close look at the popular -- yet deeply flawed -- "random walk" theory, a popular view of market behavior held by many investors. We offer a carefully thought-out solution of our own... see if you agree.
Updated: December 22, 2014The recent story about the "boy wonder" who everyone believed made $72 million trading stocks is fascinating on many levels. One, it paints a very top-heavy picture of the market!
Updated: September 11, 2014"If you knew earnings would rise for next 6 quarters, would you buy stocks?" Yes, it's a trick question.
Updated: September 8, 2014Most investors believe that higher interest rates are bearish. These four charts show you the truth.
Updated: July 31, 2013Home values have recently surged in some real estate markets, which bolsters the sentiment about a housing recovery. But one chart puts this housing recovery into context. Homeowners will likely experience more real estate pricing whiplash.
Updated: June 5, 2013In 1982 Robert Prechter called for a strong bull market. Most everyone else was mired in the memory of the 1970s, and expected little if anything from stocks. At the same time that Prechter called for a big bull market, he also said the most severe bear market in US history would follow. Has that epic trend change already occurred?