This is it, the upcoming week may be an indication whether US market will resume its bear market or continue the rally. On the Northern side of the border, Canadian TSX (Toronto Stock Exchange index) also traced a clear down move, however, I still can’t figure out the correct count for its rally in the [...]
Last week was another mixed message week with Nasdaq composite went on a different route than S&P 500 and Dow Jones Industrial Average (DJIA). Although market movement in the last 6 months is still pointing for further downward points, this weekend I can’t help but to look back on the long term view of the [...]
This week may just be the turning week, the start of wave 3 of the first corrective wave A in this bear market. From the high on Monday, Dow Jones Industrial Average (DJIA) fell about 400 points to the low on Friday. Note to self and others, Elliott wave counting incorporates all price movement, which [...]
More earnings report this week and the economic depression that everybody talks about has not really touched all US industries. Oil dependent industries like airlines and automobiles are still struggling, while the oil producers still making record profit. Tech companies so far have been pretty resilient, and since I play video games a lot, this [...]