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.

Still Trying To Fill Out The Wave 4

Today we saw the markets continue to move lower across the board after seeing downward action yesterday.
by Mike Golembesky - 1 day ago

New Highs For The Month For European Indices

It will now require a break back below last week’s low to open the door to a top in place.
by Garrett Patten - 4 days ago

Nightly Crypto Report: Holding Steady

Ether seems to have started its fourth, but will Bitcoin follow?
by Ryan Wilday - 4 days ago

(b)e Prepared For A (b)low-off This Coming Week (SPX)

Whenever there is atypical price action it can be indicative of a (b) wave in process.
by Levi - 6 days ago

Looking For A Reset Ahead Of Next Move Higher

In my view, the odds are that most of the easy move higher is done and the next bigger move is down, at least for a few weeks.
by Princely Mathew - 1 week ago

The U.S. Dollar Still Hovering In The Middle Of The Resistance Zone

The DXY has been consolidating in this retrace region for this wave ii for several weeks and this week we only moved slightly higher into the retrace zone for the wave ii.
by Mike Golembesky - 1 week ago

Index ETF Options Setups Continue Gains

On Wednesday of this past week, Mike Golembesky provided members of his VIX & Index/Sector Trading service a trade setup in QQQ calls.
2 weeks ago

European Markets Review: DAX, FTSE, STOXX

European indices closed modestly lower today, with the DAX testing the retrace support.
by Garrett Patten - 3 weeks ago

Predicting The Future Is Hard, So Keep Calm and Collect Dividends

As income investors, we can take advantage by buying a few more shares every time income investments dip in price.
by Rida Morwa - 3 weeks ago

Were The Bitcoin Spot ETFs A Big Flop?

The trading week that started on January 8 was a big week for Bitcoin. After years of applications being rejected by the SEC, and one important lawsuit that the SEC lost, no fewer than eleven spot Bitcoin ETFs were launched.
by Ryan Wilday - 4 weeks ago

Upper Support Holding For Now

Today was a relatively slow day in the market with the SPX having moved slightly lower but still holding well over the upper support level.
by Mike Golembesky - 1 month ago

Where Fundamentals Meet Technicals: PEP and XOM

This issue of Where Fundamentals Meet Technicals takes a look at two non-tech blue chip stocks that have undergone significant corrections in 2023.
by Lyn Alden Schwartzer - 1 month ago

Should You Follow The Common Thinking About This “Bull Market?”

As many of you may know, I read quite a number of articles discussing the stock market, as I want to maintain a pulse on the common views. And, sometimes I run across something that compels me to write an article. I would say that this is the driver for the current missive.
by Avi Gilburt - 1 month ago

Where’s Bitcoin Going In 2024?

In a word, higher. Our tentative expectations for 2024 are quite bullish.
by Jason Appel - 2 months ago

Might This Be The Path To Our Terminal Top? (SPX)

The structure as shown here is the one that makes the most sense to me at the moment. It's also the framework that will tell me in the quickest fashion when to adjust.
by Levi - 2 months ago

Where Fundamentals Meet Technicals: XOM, AMLP, AXP

Some fundamental and technical indicators are pointing to 2024 being another year for value. Here are three value stocks to watch.
by Lyn Alden Schwartzer - 2 months ago

Breakout Potential - Market Analysis for Dec 7th, 2023

With the market chopping back and forth between support and 4607SPX, we have been patiently awaiting it to give us some further indications of a decision between yellow and green. And, as it stands right now, there is a smaller degree set up which can take us through 4607SPX in the next day or so.
by Avi Gilburt - 2 months ago

Nightly Crypto Report: Accelerating

Bitcoin has solidly moved into my previous red count which is now black. And, the new red count is a more bullish alternative.
by Ryan Wilday - 2 months ago

DAX and STOXX Extend Month's Gains

The DAX Performance Index traded higher today, making another new high on the month and therefore at least still extending in wave (c) of i.
by Garrett Patten - 2 months ago

Where Fundamentals Meet Technicals: XOM and CVX

This issue of Where Fundamentals Meet Technicals looks at the two biggest stocks in the U.S. energy sector: Exxon Mobil (XOM) and Chevron (CVX).
by Lyn Alden Schwartzer - 2 months ago

At Next Resistance - Market Analysis for Nov 20th, 2023

As I outlined our expectation last week and over the weekend, we have now reached our next resistance region in the 4540-4560SPX region. And, I would reasonably expect a pullback from here.
by Avi Gilburt - 3 months ago

2 Preferred Stocks To Own For Your Retirement, Yields Up To 7%

Preferred stocks, which combine stock and bond characteristics, often have higher current yields and showcase resilience during mild recessions, exemplified by their continued dividend payouts despite cuts or suspensions. This is why I am loading up on as many quality preferreds as I can while the sale lasts.
by Will Barton - 3 months ago

Nightly Crypto Report: Slipping

Ether slipped and broke its immediate setup to go higher but may find support just below, while Bitcoin is hanging on for now.
by Ryan Wilday - 3 months ago

Can Internals Pick Up To Confirm Advance In Price?

In the coming week, I would like to see internals pick up to confirm the advance in price. Otherwise, it could be that we are working on some kind of top, and a bigger pullback is to follow soon.
by Princely Mathew - 3 months ago

The U.S. Dollar Finds Support Once Again

After breaking down last week the DXY found support at the upper end of the support zone that I had laid out on last week’s chart.
by Mike Golembesky - 3 months ago