Updated: December 6, 2017Hedge fund managers are reputed to be among the smartest of the smart on Wall Street. So, you might be surprised that they make the same critical mistake that most novice investors make. This chart helps to explain.
Updated: December 4, 2017Many people regard a house as an investment -- not just as a place to live. But, when a "consumption" item is treated like an "investment," a financially dangerous psychology develops. Learn what a recent study says about some of real estate's "investment advantages."
Updated: November 24, 2017In Part 1 of this new interview, Robert Kelley, the editor of our U.S. Intraday Stocks Pro Service, tells you what Elliott waves and other technical indicators suggest for U.S. stocks as we go into the holiday season.
Updated: November 21, 2017Think the Fed's interest rates control the stock market? Watch as Matt Lampert shows you how to bust this market myth in 2 minutes, using real-world examples from Robert Prechter's Socionomic Theory of Finance.
Updated: November 17, 2017Investors are borrowing like never before to invest in stocks. This is not surprising to our Elliott wave experts. "Aggressive speculation is a hallmark of fifth waves...."
Updated: November 9, 2017A group of investors with very deep pockets has been engaging in a long stretch of extraordinary stock buying. Here in November, even more buying has been announced. See a chart and learn what The Elliott Wave Theorist has to say about it.
Updated: November 6, 2017Many investors are tempted to buy any "dip" during a stock market uptrend. But this psychology has its perils. Here's what usually happens after a full market cycle has played out.
Updated: November 3, 2017A new survey reveals what millionaire investors are doing with their capital -- find out the details. Also learn about the unprecedented market action of mutual fund managers.
Updated: November 2, 2017A famous advertisement says, "diamonds are forever." However, financial up-trends are not. Learn about these signs of a dangerous financial optimism.
Updated: October 27, 2017Social mood fluctuates between extremes of optimism and pessimism. At least two developments suggest that a major trend change is afoot. Get the details.
Updated: October 25, 2017Robert Kelley, the editor of our US Stocks Intraday Pro Service, tells you about a sentiment extreme that he's seen recently. Watch this new interview to find out what has caught his attention and what they mean for U.S. stocks going forward.
Updated: October 23, 2017If there's ever been a time to resist the impulse to follow the investing crowd, now is that time. Large speculators are making a bet that's four times larger than what they made in January 2008. Take a look at this chart.
Updated: October 16, 2017Many investors see almost no risk in the stock market. Indeed, they are betting to a record degree that the stock market will continue to rise. In EWI's view, here's what this extreme financial optimism strongly suggests.
Updated: October 13, 2017A group of stock market bears has just done an about-face. One of EWI's analysts describes the switch as "stunning." A chart helps to explain.
Updated: October 9, 2017FANG stocks -- Facebook, Apple, Amazon, and Google (now Alphabet) -- hit their most recent share price highs about two months ago. Is this the time to "buy the dip," or a sign that the NASDAQ 100 is "cruising for a bruising"?
Updated: October 4, 2017Why do investors keep making the same mistakes -- i.e., buying at highs and selling at lows? The answer is that their psychology never changes. If you're an independent thinker, you can potentially benefit from this knowledge. Let's take a look at the U.S. Dollar Index.
Updated: October 2, 2017Many investors seek to mirror the trades of Warren Buffett. See how EWI analysts took the opposite side of a Buffet trade and how "Warren Buffett Versus the Wave Principle" has worked out so far.
Updated: September 27, 2017The Elliott Wave Financial Forecast warned about this financially dangerous sign of " wild-eyed optimism" in June 2007, and the stock market went on to top some four months later. Now, in 2017, the same warning sign is appearing. Get the details you need to know.
Updated: September 20, 2017The U.S. Dollar Index has been on a steady slide since its January high, and one foreign exchange strategist expects the downward trend to continue. But financial markets often move in the opposite direction from the prevailing sentiment. See how this knowledge can help you seize opportunities that most others miss.
Updated: September 18, 2017Should investors rely on traditional ways of evaluating the stock market's "proper value"? You might be surprised at what these four charts show.
Updated: September 11, 2017In 1939, Edgar Lawrence Smith discussed the stock market's Decennial Pattern. It "has been remarkably useful." One of the aspects of the Decennial Pattern relates directly to 2017. Get the details.
Updated: September 8, 2017Bonds are generally considered far less risky than the stock market. That's a big reason why flows into bond mutual funds and ETFs have been substantial in the past two years. But there's a major reason to be wary of the bond market. See for yourself.
Updated: September 7, 2017Troublesome developments are occurring in the U.S. housing market. Media outlets are saying that "an acute shortage of properties" is hurting sales. But, the real story is revealed in these chart patterns.
Updated: September 6, 2017Historically, financially themed Hollywood productions have often coincided with trend changes in the DJIA. Now, a motion picture that is based on one of the biggest financial bubbles of all time has just opened at theaters. The movie tells a "financial story that's fascinating ... ."
Updated: August 30, 2017Robert Kelley tells you about a handful of reliable indicators he monitors to help him spot approaching tops and bottoms.
Updated: August 29, 2017If supply disruptions cause oil prices to go up, can you tell when on this chart the most destructive hurricane in U.S. history arrived?
Updated: August 28, 2017President Trump. Love him or hate him, if you watch the news you have to deal with him. But for how long? Discover the president's chances to survive impeachment in this Chart of the Day video.
Updated: August 23, 2017See 11 charts from ONE page of Robert Prechter's Elliott Wave Theorist.
Updated: August 22, 2017Periods of low stock market volatility are inevitably followed by high volatility. The DJIA just registered its worst day in three months. See the chart that helped us to anticipate the "turbulence."
Updated: August 22, 2017Tesla's share price at an all-time high, its junk bond yield at a record low. Today's investor appetite for risk is strong indeed...
Updated: August 18, 2017See the on-target stock market forecasts subscribers read before the big decline on August 17.
Updated: August 18, 2017Watch Matt Lampert, Director of Research at the Socionomics Institute, show how you can use Elliott waves to act more confidently in other areas of your life, not just in the markets.
Updated: August 17, 2017Robert Kelley explains why bullish sentiment indicators aren't necessarily bullish for the market. Watch this new interview to learn what he expects next for U.S. stocks.
Updated: August 11, 2017Right now is one of those special moments in the markets that will determine where stocks go for the next few weeks -- and the next few months. Watch this clip from a new interview with our Chief Market Analyst to learn why stocks today find themselves at such a critical moment in their Elliott wave pattern.
Updated: August 10, 2017The big flare-up of tensions between the U.S. and North Korea has dominated the news. And some financial observers are saying this is why gold's price has been rising. Yet, see how "seller exhaustion and a trend reversal" was indicated a month ago, suggesting a gold rally ahead.
Updated: August 7, 2017The market itself provides its own clues about its future price action. One such clue is found in higher-beta small cap stocks vs. lower-beta blue chips. Get our take.
Updated: August 4, 2017Many investors are just as committed to the stock market as they were at the January 2000 top. The same patterns of investor psychology appear to repeat themselves. Take a look at these two charts.
Updated: August 2, 2017A burst of technological innovations and rip-roaring bull markets tend to go hand-in-hand. Find out about one particular concept that "has a long history that lines up well with key junctures in stock prices."
Updated: August 2, 2017Robert Kelley weighs in on recent price action in U.S. stocks.
Updated: July 31, 2017In the mid-2000s, the world feared it was running out of oil. Speculators, in turn, became feverishly bullish on oil's price. A 78% crash soon followed. Now, the phrase "peak oil" has been re-introduced, but in a different way.
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, 2017The stock market began to rally long before Donald Trump was elected president. What's more, the evidence shows that the rally would have likely occurred even if another candidate had won. It boils down to the market's price pattern -- see for yourself.
Updated: July 20, 2017Some trends pull prices like a freight train, and jumping on the wrong one can cost you dearly. That's why, in the Elliott wave approach, identifying the trend is paramount. Let's look at crude oil prices as an example.
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 10, 2017Some U.S. real estate markets have bounced back strongly since the Great Recession while others have languished. All told, "the recovery is spotty at best." Now, two new developments are adding risk to the mortgage market.
Updated: July 7, 2017Global market charts you won't see elsewhere show "What" -- and What Not -- to Fear.
Updated: July 7, 2017Robert Kelley discusses the sentiment gauges he monitors. See what they're telling you about the market trend.
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 23, 2017The housing market is heating up -- again. Signs are appearing that are reminders of the previous housing boom. "Buyers are convinced values will only continue to climb ... ." Is the housing trend near a reversal?
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 12, 2017The head of credit research for a municipal-bond management firm just commented: "We haven't seen this in a modern state before." He was talking about Illinois' deep fiscal trouble. Look at the eye-brow-raising credit spread.
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, 2017The U.S. housing market has staged a significant rebound since prices bottomed in February 2012. Now, at least one measure of optimism has returned to the height of the bubble days. Some say not to worry because "the economy is in far better shape than a decade ago." Is today really different?
Updated: June 2, 2017Critics say President Trump's decision to withdraw from the Paris climate agreement dealt a setback to the global-warming cause. But, the evidence suggests that "global-warming fever" had already been cooling off. "Crowds often think their personal cause of the moment is a permanent issue. It almost never is."
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 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 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 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 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 25, 2017Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends.
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 13, 2017If you're a gambler or trader, you know what it means to "hedge your bet." It's how you offset your losses if you bet on the wrong horse, or on the wrong market position. Yet today, falling demand for equity hedges suggests an absence of fear among stock traders and investors. This chart shows you why.
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 6, 2017Crude oil prices fell sharply on April 5. Analysts blamed the dip on a surprise jump in U.S. crude inventories. But take a look at this chart before you accept that explanation.
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, 2017Going into April, too many world financial markets look too complacent. See the charts & pictures for yourself.
Updated: March 31, 2017The DJIA is much more than a financial gauge: The index is also predictive in the multi-faceted arena of social trends, including movie attendance, fashion, politics and more. See what our Elliott Wave Theorist shared with subscribers.
Updated: March 31, 2017Supply and demand factors do influence crude oil prices -- as with any physical commodity, for that matter. However, crude oil futures are also a financial market. Here's what that implies.
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 27, 2017Knowledge of sentiment measures combined with a market's Elliott wave pattern is key in forecasting. The U.S. Dollar Index provides a perfect example. Read what our March 24 Short Term Update has to say.
Updated: March 24, 2017You buy insurance for protection, but some insurance companies themselves might be at risk. You need to know which ones are safe. "A massive insurance company failure" just made the news.
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 22, 2017Financial commentators parse every word the Fed utters, hoping to catch a clue about the central bank's next policy decision. But who really determines the direction of rates?
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 14, 2017Rather than relying on political headlines (and other unrelated news), this chart lets the broader stock market itself explain how we got here -- and where we're going.
Updated: March 13, 2017In February, the U.S. jobless rate fell to 4.7% as the economy added 235,000 non-farm payrolls. Some people attribute the economic improvement to the new president. Here's why the added jobs were anticipated well before the U.S. election.
Updated: March 9, 2017Besides Elliott wave price patterns, our analysts also watch other telltale market indicators to pinpoint trend reversals -- e.g., sentiment extremes.
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 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, 2017On March 1, the U.S. dollar did something it hadn't done in almost two months: It got stronger. Two reasons were behind the move, said analysts: The Fed's imminent rate hike, and, President Trump's widely-covered address to Congress. But here's one reason many have overlooked.
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: February 27, 2017Since November 4th, the Dow Jones Industrials have seen a 17 percent rally, and closed higher in every session from February 9th through this past Friday, February 24. That is no ordinary streak. The Dow hasn't seen that many consecutive closes since January 1987...
Updated: February 21, 2017Market bears have suffered a severe shellacking as stocks embarked on a record-breaking run. But a classic Elliott wave price pattern gave investors a heads-up a year ago. See for yourself.
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 14, 2017In an interview with ElliottWaveTV, Chief Market Analyst Steve Hochberg talks about the key story from 2016 that most investors missed. Learn what he's watching closely right now.
Updated: February 13, 2017Our U.S. equity analyst, Tom Prindaville, shares his background and analytical approach to the markets in this spotlight video.
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: January 25, 2017Even today, there are repercussions from the real estate lending boom that ended with the subprime mortgage crisis. In 2017, commercial mortgages are maturing, and some landlords face delinquency. Here's what that means for some bondholders.
Updated: January 23, 2017Despite the Fed's stimulus efforts, inflation remains subdued. The trend in money velocity -- the rate at which money changes hands in the economy -- is not what one might expect during a bull market. One bond manager points to high-debt levels.
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 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: November 8, 2016Nine of our top market strategists offer a sneak peek of sentiment in their markets ahead of the U.S. presidential election.
Updated: November 7, 2016Pete Kendall, the co-editor of our monthly Elliott Wave Financial Forecast, tells you more about the just-published Financial Forecast's special Election section.
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: 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: 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: January 15, 2016Pete Kendall, the editor of our Financial Forecast, tells you why Elliott wave analysis is particularly suited for emotional trading environments -- like the one we're in now.
Updated: October 22, 2015Our Chief Commodity Analyst Jeffrey Kennedy values the Wave Principle not only as an analytical tool, but also as a real-time trading tool. In this excerpt from the Best of Trader's Classroom eBook, he shows you how the Wave Principle's built-in rules can help you set your protective stops when trading.
Updated: October 1, 2015Blaming the euro weakness on "negative inflation" -- or, deflation, if you call a spade a spade -- is a logical choice. After all, the euro did get weaker after the report. However, if you look at these EURUSD charts, you'll see that this weakness started days ago.
Updated: February 10, 2014Fibonacci ratios show up throughout nature -- and in financial markets. Come see what we see.