ETF Talk

S&P 500 Update – Let’s Call it What it Really Is?

Last week’s S&P 500 update highlighted a triangle and complete 5-wave pattern likely to be followed by a ‘pop and drop’ with a minimum down side target around 2,720.
Price popped to 2,817, and subsequent dropped to 2,722, confirming (and possibly completing) this pattern.

As mentioned in...

S&P 500 – Change of Trend?

This is a shorter-term Elliott Wave Theory-based forecast. A longer-term forecast based on a different set of reliable indicators is available here.
Most of February’s market action was outright boring!
Starting in late February, however, boring morphed into revealind. The range bound trading...

S&P 500 Update

In mid-January, I asked: Is the ‘Bear Market’ Already Over?
The above article highlighted bearish (bullish for stocks) sentiment extremes, the average bear market trajectory (which projected a rally), and – most importantly – a bullish breadth thrust.
Therefore it’s no surprise that stocks...

Will Momentum Continue to Push Stocks Higher?

From December 3 – December 26, 2018, the S&P 500 lost 453 points. Since then, the S&P rallied 400 points.
Who would have thought that the worst December since 1931 would be followed by the best January since 1987?
Extremes Everywhere
We are truly living in a world of extremes. The rich...

Is the ‘Bear Market’ Already Over?

On December 24, 2018, the S&P 500 closed at 2,351.10. Much of the financial media pronounced a bear market that very day:
CNBC: We are Now in a Bear Market – December 24, 2018
Yahoo! Finance: S&P 500 Enters Bear Market: December 24, 2018
Investors Business Daily: S&P 500 Enters Bear...

How to Predict a Market Crash

Although I warned of an environment where the risk of a meltdown is high (wave 3 down, based on Elliott Wave Theory), I can’t claim credit for predicting the December crash.
Because of my multi-indicator approach to market forecasting, and profound concern for my subscriber’s portfolio’s, I...

Short-term S&P 500 Update

2018 has been a year of extremes. The year started with stocks becoming extremely over-bought, and ended with stocks getting extremely over-sold.
In fact, 2018 hosted the worst December performance since 1931.
The December 23 Profit Radar Report stated that:
“We are likely in an environment...

S&P 500 at ‘Make it or Break it’ Level

The S&P 500 has reached a seemingly important ‘make it or brake it’ zone. Here’s why:
For the last couple of weeks, I’ve been following two scenarios:
1) Washout decline with target of 2,500 – 2,500 (purple arrow, chart below)
2) Accelerating wave 3 lower (yellow arrow, chart below)
The two...

Crude Oil Could Fall Another 50%

Crude oil prices dropped 38% since October 3. The June 20, 2018 Profit Radar Report published the following analysis and projections:
“The two charts below show two possible longer-term Elliott Wave Theory counts:
The first one implies that a major top is in.
The second one implies that we’ll...