Latest News at ElliottWaveTrader

Markets Take A Day To Digest Their Gains

After seeing a strong day of gains yesterday the markets took a break and saw a relatively slow day while consolidating over support.
by Mike Golembesky - 3 days ago

Grinding Into New All-Time Highs

Price action is revisiting the prior all-time highs area and banging on the door for a breakout.
by Ricky Wen - 4 days ago

Eyeing New Long Entry

There are a lot of moving parts here for a new buy signal.
by Princely Mathew - 1 week ago

Traction in SPCE - Market Analysis for Jan 15th, 2021

Virgin Galactic Holdings, Inc. (SPCE) triggered a swing trade on Jan 5 after the stock bounced off of a support cluster.
by Carolyn Boroden - 1 week ago

Nightly Crypto Report: Bull Keep The Ball

The grind continues, and the market is keeping it easy for me.
by Ryan Wilday - 1 week ago

Today's 10 Featured Charts

We start off today's Charts of the Day Video by looking at some recent Wave Set-ups that we added yesterday and today.
by Garrett Patten - 1 week ago

Where Fundamentals Meet Technicals: TCEHY, FISV, GBTC

This week’s issue of “Where Fundamentals Meets Technicals” dives into an assortment of growth areas, featuring Tencent (TCEHY), Fiserv (FISV), and Grayscale Bitcoin Trust (GBTC).
by Lyn Alden Schwartzer - 1 week ago

Expecting Some Digestion After New All-Time Highs

The first week of January played out mostly according to expectations as the only surprise was on Monday.
by Ricky Wen - 1 week ago

FRGI, NFLX & KMI Among 10+ Stocks To Watch

Today's Charts of the Day video features some of the Wave Set-ups that we added yesterday and today in Stock Waves.
by Garrett Patten - 2 weeks ago

Is That It?

In order for me to more confidently view us as having begun wave [3] to 4600 on the S&P 500 (SPX), I still need a clearer 5-wave structure off yesterday’s low.
by Avi Gilburt - 2 weeks ago

Cautiously Bullish - Market Analysis for Jan 3rd, 2021

Internals continue to be on the weaker side, so my read is to stay cautiously bullish but do not over extend on the long side.
by Princely Mathew - 3 weeks ago

2020 Closes With Crypto In A Swagger

Ride this train into 2021 as long as it has wheels, but do manage your risk as we go -- what cryptos giveth, they also taketh away.
by Ryan Wilday - 3 weeks ago

Is NDX Heading To $32k Or Is A Top Setting Up In The $14k Region

On both the smaller timeframe (since September) and the larger (since March), I prefer the black count, which portends the latter (i.e., a top).
by Jason Appel - 3 weeks ago

Bull Train Poised To Accelerate

The heavy lifting has been done during the Sunday night price action, so the rest of today or this week could be quite easy, consisting of consecutive higher lows and higher highs.
by Ricky Wen - 3 weeks ago

US Dollar Still Looks To Have Some Unfinished Business To The Downside

The DXY still likely has a bit more work to do to the downside before we can call this entire move completed.
by Mike Golembesky - 4 weeks ago

Bull Markets Do Bull Things

When the ES/SPX failed to follow through in a larger wave [2] potential set up today, it brings me back to an old saying about the market: When the market does not follow through on a set-up, it is often telling you something quite clear.
by Avi Gilburt - 1 month ago

Where Fundamentals Meet Technicals: BTI, MO, GBTC, TSLA

In this issue of "Where Fundamentals Meet Technicals," we look at a couple high-yielding cheap value plays and provide an update on the Grayscale Bitcoin Trust (GBTC), plus a look at TSLA's corrective potential.
by Lyn Alden Schwartzer - 1 month ago

Indicators Still Signaling Long

My view has not changed from that of last week -- still looking for a move higher into the 3775/3800 area in the Emini S&P 500 (ES).
by Princely Mathew - 1 month ago

Fibonacci/Symmetry Set-Up in LULU

We had a setup in LULU that hit Monday 12/14.  It was essentially a symmetry setup that overlapped a .618 Fib retracement within an uptrend.  The zone was tested and held and then triggered a buy on multiple time frames. We have not yet met the initial upside target at the $396 area just yet.  We can still look at new pullbacks for buy entries since the target has not yet been met.  So far we've seen a rally of $79 from the low.
by Carolyn Boroden - 1 month ago

Charts of the Day: TDOC, CGEN, MRNA & More

Tonight's Charts of the Day video features about a dozen stocks.
by Garrett Patten - 1 month ago

As Support Holds, Odds Favor Ongoing Bull Trend

Price action remains quite bullish with the backtest of the confluence area of last week’s 3620s-3630s.
by Ricky Wen - 1 month ago

Market Indicators Mixed - Market Analysis for Dec 13th, 2020

My view is that we may have seen a bottom late last week and we have one more leg higher into the 3750+ area, though I do not see us as having enough energy to go to 4000+ immediately before a complete reset in the markets.
by Princely Mathew - 1 month ago

A Week Of Consolidation For The US Dollar

After finally breaking down last week from several months of long and sideways action, the US Dollar took a breather this week consolidating in a very tight range.
by Mike Golembesky - 1 month ago

The Power Of Symmetry

A great example of using symmetry is with one of our crude oil trade setups this week.
by Carolyn Boroden - 1 month ago

Key Pullback In Metals

The question is if we have truly bottomed or if we have lower levels yet to be seen before this 4th wave finally completes?
by Avi Gilburt - 1 month ago