Tag: Elliott Wave International (EWI)

The Bear Market Meter Is Running

Posted on by The INO.com Team

By: Elliott Wave International

As a native New Yorker, I can say with complete confidence: It's true; there's no place on earth like The Big Apple. It's also true that, until recently, most New Yorkers would trip a nun if it meant hailing a Yellow cab first.

Fact is, the NYC Yellow cab used to be the hottest commodity in the five boroughs. When you needed a ride, spotting a cab with its service light on was like finding the last pair of Manolo Blahnik shoes in your size at a Manhattan Sample Sale.

But those days are over in NYC (and nearly every major U.S. metropolis). In the past year alone, street hail vehicles have suffered a series of crippling blows -- including plummeting demand, fleet changes, sliding medallion values, and the "Taxi King" himself -- Gene Freidman -- filing for bankruptcy.

Today Friedman is on the hook for millions of dollars he borrowed to purchase hundreds of taxi medallions. (At one point, he "owned" more than 1000!) Writes an October 26 article in The Federalist: Continue reading "The Bear Market Meter Is Running" →

Europe in Deflation: Got (cheap) Milk?

Posted on by The INO.com Team

By: Elliott Wave International

In the early 1990s, two simple words from a genius ad campaign radically transformed the way the U.S. consumer saw it: "Got Milk?"

Suddenly, the narrative changed from an obligatory drink you had to finish as a kid, along with eating your vegetables -- into a sexy, funny, and above all desirable treat for all ages.

Until now.

In Europe, in 2015, famous celebrities donning milk mustaches no longer light the public's passion for lactose -- as prices for milk have spoiled. Here, a September 8, 2015 CNN Money article captures the curdled state of affairs:

"So much milk is sloshing around the European Union that milk is often cheaper than bottled water. In UK, a liter bottle of water costs around $1.50, a liter of milk $1... Wholesale milk prices have collapsed by 20% this year."

(Idea for a new campaign pitch: "Got (really, really, dirt cheap) Milk?")

Except that, it's not just the price of milk that's gone sour. According to data from April 2015, "supermarket prices in the UK have fallen at the steepest rate in eight years," including meat, milk, cheese, and vegetables. (The Telegraph) Continue reading "Europe in Deflation: Got (cheap) Milk?" →

Currency Devaluation's Dangerous Role in Deflation

Posted on by The INO.com Team

By Elliott Wave International

The following article on currency devaluation's role in deflation is from Elliott Wave International, the world's largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to help investors prepare now for the deflationary threat they see around the corner. Click here to read the new report >>

China's economy is slowing. Its stock market began to crash back in July. And the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.

"Surprise" has been a common word used by investors and financial pundits to describe the devaluation -- as in, "China's central bank surprise devaluation of yuan."

But what if we told you it wasn't a surprise -- it was in fact an expected event?

Below are three excerpts from analysis that EWI's own Chris Carolan published in his Sun-Tue-Thu Asian-Pacific Short Term Update on July 30 (several days before China's central bank first move to devalue the yuan against the U.S. dollar), then on Aug. 9 and Aug.11 (bold added).

The Asian-Pacific Short Term Update , July 30:

Continue reading "Currency Devaluation's Dangerous Role in Deflation" →

The 2 Most Important Keys to Successful Trading

Posted on by The INO.com Team

Examples from Whole Foods Market (WFM) and Reynolds American, Inc (RAI) show you what to do (or not) to trade successfully with Elliott.

By Elliott Wave International

After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him -- down to the tick, to the pip, even to the penny – when his forecast is no longer viable.

That, according to Kennedy, are two most important keys to successful trading:

  1. "Know where you are wrong," and
  2. "Don't pick tops and bottoms"

See the logic behind Kennedy's wisdom by reviewing these two timeless lessons from his Trader's Classroom service: Whole Foods Market, Inc. (WFM) and Reynolds American, Inc. (RAI). Then, see how you can get more free lessons during Kennedy's popular Trader Education Week, going on now!

WFM's forecast was right and RAI's was wrong. While price evidence was compelling for both issues, the forecast in WFM was in the direction of the trend and RAI's incorporated top picking. Here's what happened: Continue reading "The 2 Most Important Keys to Successful Trading" →

US Stocks: The TrendLine Between Bull and Bear

Posted on by The INO.com Team

By: Elliott Wave International

Last weekend, I went on a road trip with a friend and her two young sons. The second we left the driveway, the older boy placed a rubber pool noodle in between him and his brother and established the most important ground rule of all sibling driving trips:

"Don't cross this line or else."

Impressively, an entire hour passed without incident when my friend spied the younger son teasingly edging his elbow toward the very outskirts of the noodle, baiting his luck.

Anticipating the ensuing reversal of our event-free driving experience, my friend pre-emptively pulled over to the side of the road, when in -- 3-2-1! -- a small arm crossed the line and a giant tantrum ensued.

Then, it hit me: Continue reading "US Stocks: The TrendLine Between Bull and Bear" →