Latest News at ElliottWaveTrader

Below is a sampling of articles by our analysts at ElliottWaveTrader. More than a dozen articles and several hundred shorter posts by our analysts are produced daily for members across all our services at EWT.

AMGN Hits Our Target

Our Wave Setup on $AMGN from 9/8 hit its target today.
by Zac Mannes - 3 days ago

Case Study for Fibonacci PinBall Inside a Diagonal

NVO is an interesting case study for Fibonacci PinBall inside a diagonal.
by Zac Mannes - 3 days ago

Intellectual Dishonesty When It Comes To Market

So many now claim that this rally is due to the resolution of the government shut down. So, let's look at the SPX chart and see if this is true.
by Avi Gilburt - 3 days ago

Bitcoin: Back Under $100k? Check! But If You Blinked You May Have Missed It

In last week's 11/3 article I posited expectations for Bitcoin to decline under $100k. At the time, price was trading at roughly $108k, so it was hardly an outlandish call but the nearer term forecast laid out in the analysis was fulfilled in the past week with price following through to the downside and reaching a low on Tuesday in the $98.9k region.
by Jason Appel - 5 days ago

CSIQ: Sentiment Shines Brightly

Let’s look back at the original thesis for CSIQ that began some months ago when Zac Mannes began to feature this ticker as a potentially powerful setup into the end of this year.
by Levi - 1 week ago

RACE: Cornering And Likely Nearing The Next Straightaway

This one appears to be cornering into a bullish setup.
by Levi - 1 week ago

Bitcoin: Heading Back Below $100k?

Since last week's article, price topped in the noted resistance region and declined back into the middle of the trading range that's developed since the 10/17 low. Sans context, this action appears without any favor, whether up or down, to a particular resolution. However, in context, price's movement reasonably aligns with expectations laid out for downside to develop to take price back under $100k.
by Jason Appel - 1 week ago

Can You Double Your Money With Silver?

The talk of the town in the metals complex has been focused on gold. But, I think silver has yet to see its final parabolic move.
by Avi Gilburt - 1 week ago

MarketMood Weekly Outlook: Prez Trade System Flips From Long To Short

For this past week, we were cautiously looking for a bounce to continue until a likely flip was detected and announced on Wed.
by Dr. Cari Bourette - 2 weeks ago

NKE: Fundamentals At Rest — Will Sentiment Run?

Even though fundamentals appear flat here, this one may just be lacing up its spikes for a run.
by Levi - 2 weeks ago

XPEL: Underpriced Protection, Overlooked Potential

Let’s pause for a moment to take a closer look at this one. First, we’ll establish the fundamental foundation, and then examine what crowd sentiment is telling us. It could just be that we uncover a hidden gem and a potentially bullish setup.
by Levi - 2 weeks ago

Bitcoin: No Route Yet Selected

Price is stuck in a range that's developed since early July.
by Jason Appel - 2 weeks ago

Bitcoin: All Routes Are Still Open

In last week's update, four paths were shown for the near to medium term price action in Bitcoin. In this week's update we'll comment as to how price is "behaving" in terms of the four respective roadmaps.
by Jason Appel - 3 weeks ago

Coinbase (COIN) is Pushing Against Its Old High

There’s a saying — whose origin I cannot recall — that “markets don’t ring a bell at the top.” However, the local top formed last Friday came with a strong move. That move retraced nearly 50% of the B-wave’s peak-to-trough move — from $402 down to $291.50. As of this writing, it has come off Friday’s lows and is sitting around $343.80 and change. This is the first indication of a top.
by Ryan Wilday - 4 weeks ago

Bitcoin: 5 Weeks of Rallying Quickly Nixed and Establishing a Roadmap for the Next Several Weeks

Last week's article discussed Bitcoin's ambiguous stance due to price taking what was described as the lower probability path to new all-time highs vs a more direct trip to test below $100k. Additionally, the new all-time highs were not clearly rejected (initially) nor did Bitcoin resoundingly maintain the new highs.While we have gotten clarity that the current all-time high was not part of a new motive subwave, the manner in which Friday's flash-crash developed has left price once again in a relatively ambiguous posture.
by Jason Appel - 1 month ago

Altria Group: Value, Yield, And The Psychology Of A Turn

We have two well-founded points on which to build our investment thesis for this one. First, we’ll check in with Lyn Alden and look at the fundamental snapshot. From there, it’s the structure of price — the behavior of the crowd itself — that forms our second pillar of support. The synergy between these two methods of analysis provides us with a high-probability setup with specific parameters.
by Levi - 1 month ago

Lululemon: Stretched And Ready To Bounce

There is a setup present for a bounce in LULU shares. And, we also have what could turn into something more than a bounce.
by Levi - 1 month ago

Bitcoin: Bull-Market Target Officially Reached Without Qualification and a Surprise to the Upside

While the lower timeframe action has certainly shifted, my larger degree interpretations remain relatively unchanged.
by Jason Appel - 1 month ago

UPS: Delivering A Dividend Cut Soon?

A $71 billion market capitalization company with a near 8% dividend yield - this is UPS here and now? Indeed it is.
by Levi - 1 month ago

Bitcoin: Setting Up For a Decline to Retest Support Below $100k

Over the month of September we've tracked a bounce from the upper support, with price having bottomed around $107.3k and the subsequent action has followed the expectations very nicely. The primary interpretation since price broke the highest support in late August was for an (a)-(b)-(c) decline into the $85k-$102k zone that's been outlined as the major support for prospective continuation of this bull market from the 2022 low.
by Jason Appel - 1 month ago

Bitcoin: Corrective Bounce or Something More, Pt2.

Last week's title, Bitcoin: Corrective Bounce or Something More? may have been a bit premature as this is the very same question we have this week.
by Jason Appel - 1 month ago

The Trend on TSLA is UP

It is in a Cycle III 🆙. It is in a P.5 🆙. It is in an Intermediate (3) 🆙. It is in a Minor C 🆙. It is in MyNewt🦎iii 🆙. It is in Minuette (a) 🆙. It is in sub-Minuette c 🆙.
by Zac Mannes - 1 month ago

Ambev: Fundamental Foundation In Place - Now, Will The Crowd Agree?

Ultimately, over the next several weeks to months, ABEV may see 3.00 or higher.
by Levi - 1 month ago

TECK: Do Technicals Always Match With Fundamentals?

While the fundamental parameters make the stock price look overvalued, the technical chart setup was telling a different story.
by Mark Malinowski - 2 months ago

SNAP: When Sentiment Takes Over

Back in September of 2021 SNAP was valued by the masses at over $100 billion. Fast-forward to today and that number is less than $12 billion. Instead of rehashing the past though, let’s review recent history and project what is most likely to happen next.
by Levi - 2 months ago

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