Trend Analysis

Sorry folks, was away for about two weeks on vacation. For starters here is something i noticed at the close of the SPX  today:  1666 .. sounds familiar ??

Well, I felt like a complete turd-monkey for missing it, but SlopeFest V went off without a hitch. I really wish I could have been there, but two things prevented me from doing so; (1) back-to-back family obligations and (2) the complete lack of a market drop which would have caused me to cheer so [...]

Wave E of 5 underway.

The WisdomTree Japan Hedged Equity Fund (NYSE: DXJ), 2013’s top asset-gathering ETF, traded slightly higher Monday, but the modest gains were enough to propel the popular fund to fresh highs. DXJ hit a new 52-week high despite the Japanese yen gaining strength against the U.S. dollar following...

Existing home sales on Wednesday, and new home sales and the FHFA Home Price Index on Thursday should all confirm the improvement in U.S. housing. To capture any upside in recovering housing market, investors can take a look at homebuilder exchange traded funds. The SPDR S&P Homebuilders...

Consumer discretionary ETFs have consistently outperformed the S&P 500 the past few years as retailers and consumers recover after the financial crisis. For example, Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) was making new all-time highs back in 2011 well before the S&P 500...

Hi Friends,Posting Long Term Wave Counts on Nifty & Dow Jones Industrial Average. The two most Popular Indices Tracked by Many Indian Investors.NIFTY -NIFTYNifty completed its Cycle Degree Wave 1 in Jan 2008 and has been in consolidation phase since past 5 years. Though currently Nifty is near the All Time Highs from EW perspective the Rallies still look Corrective. The Sharp 2008 Fall has been marked as (W) & 2009-2010 Rally back to 6338 has been marked as (X) Wave. Currently Nifty looks to be in (Y) Wave which might be developing as more complex corrective.The year long Uptrend which started back in Dec 2011 looks to be in its Final phase. This Wedge Shaped Corrective Pattern has Resistance Near 6300. Also as per Fibonacci Ratios 61.8% Retracement of Y comes near 6300. Post this Huge Sell off might be witnessed on Nifty. So those who are planning to Invest in Equities at Current level shall be careful.I would like to revise any alternate count only in case Nifty crosses 6358..DJIA -DJIADow completed its Super Cycle Degree Wave 5 back in Jan 2000 and has been in consolidation since past 13 years. Though DJIA is at All Time Highs from EW perspective the Rallies still looks Corrective. DJIA looks to be forming Expanding Triangle or Expanded Flat Correction or Double Three.Rally from March 2009 lows is perfectly channeled corrective & looks to be in it Final phase which has resistance near 15800-16000. Post this Huge Sell off might be witnessed on DJIA. So those who are planning to Invest in Equities at Current level shall be careful.I would like to revise any alternate count only in case DJIA crosses 16000..Thanks & Regards,Harsh Dixit.

More a comment-cleaner than anything else, but I wanted to mention that my long (yes, gasp, long) idea, Denbury Resources, which has spent months screwing around just above its diamond pattern, is finally turning higher. This could be a powerful move in the months to come.

It’s always a good idea to check in on your portfolio to make sure it’s still giving you the exposure you originally intended. But just like eating an apple a day or flossing every night, most of us tend to ignore this kind of well-intentioned advice. However, something I’m seeing in exchange...