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European Debt: An Elliott Wave Perspective

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Elliott Wave Update – $SPY

I’ve received a few emails regarding the longer-term Elliott Wave structure so on the charts below I’ve labeled what I believe to be the most likely scenario. Let be preface by saying, given the number of assumptions being made there’s a good chance the timing may be off but the overall structure is the point [...]

Stocks to Watch for Monday 3/16/09

SL Green Realty Corp (SLG) – Short @ $11.60 with a Stop @ $14.50 and a Target of $8.00 SLG formed a huge red candle at an area of resistance on Friday, completely wiping out Thursday’s gain. The weekly chart is still extremely weak as well. I expect the market to be somewhat bearish next [...]

Stocks to Watch on Friday September 12, 2008

Just about every trading day Trade Artist will list long and short equity setups with defines trigger prices and stop prices. On days where no stocks are listed we didn’t find any good risk/reward setups. Sometime sitting on your hands is the best approach to the markets. Ticker Close Direction Trigger Target Stop Notes BRCM [...]

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Market Overview – July 11th, 2008

I want to point out something I brought up in the last post and may prove valuable this week. Notice the horizontal trendline around the 11,000 level in the Dow. This area acted as resistance in ’99-01 then again in ’04-05 before it was finally broken and provided some support in ’06. Given the the [...]

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Market Overview – May 30th, 2008

On the 20th when the DIA broke it’s upwards trendline we said the market would probably fall back to at least 124. Well we fell to a low of 124.37 as you can see on the first chart below. Since then we have traded back up to test the downtrend-line that started last October. With [...]

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Market Overview – May 20th, 2008

Today was that inevitable day we were looking for when the markets pulled back from it’s recent uptrend. Notice how the downward movement caused the market to break below the channel that began in mid-March. By the time the market closed we were back below the 200-day moving average.You can also see that the bounce [...]

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Market Overview – May 18th, 2008

Not much to add from last week’s commentary. The market is still chopping around the 200-day moving average, which I should also add is close to the yearly open in all markets. More than likely we’ll see more chop this week and a pullback from the slightly bullish price movement last week. With all the [...]

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